Contains IO script
Dabur at Value BuyWeekly Time Frame Dabur Sector FMCG.
Price action at strong weekly demand/ support zone.
Price yet to make a Lower low as per market structure.
RSI is at a Lower Low as per the structure theory.
A Hidden Bullish divergence (Positive Reversal) identified on weekly time frame. Highlighted with blue lines on Price chart and RSI chart.
Wait for Price swing and structure break above 542. which is previous swing high.
This is a long term perspective value pick to portfolio addition. Not a short term swing trade.
Dabur is a key rural FMCG player, India growth is due in rural market. Long term pick
The post is as part of my stock watchlist and sharing here for educational purpose. Pls do your due diligence before investing.
AXIS BANK DOUBLE TOP UNDER FORMATION AND NEAR BREAKDOWN Axis Bank Ltd. Double top or Trendline and consolidation breakdown
to keep on radar
Will it survive and sustain above its support ?
or
Will it Breakdown and slide further down
Lets see how it evolves further
Other points of consideration are
1. RSI on daily taking support at 40 levels
2. Narrowing Bollinger bands forming a rectangular consolidation on daily charts with price trading near lower Bollinger Bands
3. Price slide below lower bands and RSI sliding below 40 on daily chart will make the stock further weak
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
ABFRL consolidation breakdown to keep on radarAditya Birla Fashion and Retail Ltd. another consolidation breakdown to keep on radar
1. Price made false / failed breakout of the consolidation zone earlier
2. Price now made a consolidation breakdown on weekly chart
3. RSI on daily chart below 40
4. Double top visible on charts
5. Cypher Pattern under formation on weekly chart
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
L&TFIN IS WEAKER CHART BREAKING DOWN ITS TRENDLINE SUPPORTL&T Finance Ltd. an interesting stock with weak chart structure
1. RSI on daily slipped below 40
2. Price broke below its one year long Trend line support
3. Big Anchor Red Candled formed on the chart with price trading below major moving averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
INDUSINDBANK A BREAKDOWN BELOW MAJOR SUPPORT WILL IT SUSTAIN ?IndusInd Bank Ltd. is another weak and weaker chart structure with following
1. RSI on both daily and weekly slipped below 40
2. Price trading below major moving averages
3. Price closed just below major support area of 1350 levels, if it sustains below this level for few more days one can see more down side.
CAUTION : markets are volatile keep strict stop losses
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
L&T FINANCE - PERFECT RSI DIVERGENECE; LETS SEE HOW IT WORKSL&T Finance Ltd. is an interesting chart with following
1. Positive RSI Divergence on Daily Chart
2. Price taking minor support at monthly super trend levels
3. Double Bottom with Outside and inside (Bollinger Band) Bars on daily chart
4. Major Trend line support on weekly chart near 122-132 zone
5. Price near 50% Fibonacci Retracement level at 135.45 and thereafter 61.8% retracement near 121.60 levels
6. Can be a good risk reward for a reversal trade
Caution: Stock as well as benchmark index both are in down trend with Stock's RSI below 40 on both Daily and Weekly charts. One must keep on radar with strict Stop loss as per one's own Risk reward matrix
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Target1, Target2 and Target3 Achieved as per DMR by ANTHello,
Friends Just see in Video as per DMR by ANT Indicator,
Just now Achieved 3 Targets.
Thanks and do comment below.