Get started

Double Exponential Moving Average (DEMA)

DR. REDDY Strong Candle FormationNSE:DRREDDY made a strong candle today Crossing Key Levels with volumes and closing above 100 DEMA. MACD Still Showing a BUY Signal, I have drawn support and resistance levels. If it breaks the resistance level it Will Cross ATM. Small Quantity can be added at the current Level for a Swing. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:DRREDDYLong
by Karanshah137
2
Nifty day chart analysis1) NIFTY on day chart has been trading withing a symmetric triangle since early Feb 2) Trading below 89 DEMA and 144 DEMA and SuperTrend giving a sell signal. We can ignore this sell signal as long as Nifty trades above 10170 on weekly close basis. In a trending market lagging indicators tend to give false signals upon a pull back/correction. 3) A break above 10630 is important and could see a gain in momentum 4) A break below 10300 could take Nifty towards 10180-10170 zone. This zone could be crucial in determining long term direction in days to come. 5) Stochastics and RSI are currently indicating likely range bound action in upcoming sessions. 6) Triangle median is at 10480 and this level is going to be important.
NSE:NIFTY
by k314
3