Crossover
Karnataka Bank short term viewWeekly and daily MACD crossover, Low stoch in weekly chart are helps to move up further levels.(Trend lines are drawn from weekly chart)
CMP:158.9
Targets:
161
167
176
182
Stoploss:
147(Long) on closing basis
153(short term) on closing basis
Vijayaraghavan,
Inditrade, Kovilpatti.
BHEL: Results are bad but can it be buy on bad news...!!!BHEL
CMP 90.30
Results are bad and stock has seen some beating... but will it fall further... or we have heard of sell on good news... can this be a buy on bad news and will it rise against the odds...???
Lets see what the chart is saying...
- we observe 20 day EMA recently crossed over 50 day EMA giving some strength
- Currently 20 day EMA is at 92.2 & 50 day EMA is at 90.10
On long term charts
80-84 zone looks like long term support
Only a breach below that will signify something wrong for BHEL. Till then possibility of moving towards 106 / 120 looks feasible...
Take care & safe trading...!!!
Below are links to previous BHEL updates
PTC INDIA FINANCIAL short term view from weekly chartMACD line crossover and ADX,RSI positive, Stochastic is in mid range from over sold to overbought region. These indicators will help to move up further. Triangle breakout also may done today.
Targets are
43.64,
44.50,
45.60,
48.57,
50.95,
52.5(if close above it may touch 61.83)
Stoploss:36.5
Vijayaraghavan,
INDITRADE,Kovilpatti.
TV 18 short term viewMACD zero line cross over, CMP above the bandbollinger avg line, RSI positive helps to move up further.
Target:
43.19
stoploss: 39.15.
Vijay,
INDITRADE, Kovilpatti.
5 Days EMA crossing 50 Days EMA with Bullish bollinger Band ExpaHDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts...
5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60....
80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95...
In monthly charts there is a 50 days EMA in the range of 90-95 which could act as a strong resistance so booking profit below the EMA would be good .....
Please Like, Follow and comment your views too.. :)