Nifty Metal NSE:CNXMETAL has been downtrend ever since mid January and metal stocks have been hammered black and blue due to the trade war worries between US and China. However, the pullback this week from the lows of 3060 was quite strong and I can see a bottom formation here with RSI showing divergence. Good opportunity to buy stocks like Hindustan Zinc...
After a seemingly never ending rally, looks like TCS NSE:TCS is taking some break near 2000 levels. IT NSE:CNXIT in general looks in profit booking mode and with dollar coming off from all time high, we could see further fall in heavyweights like TCS , Infosys, Wipro at least for the time being. I can see that TCS formed a Double top around 2015 with a...
RSI and Price pattern showing divergence (yellow lines) with a strong support (blue line) on the daily chart.
Chart has formed 2B reversal pattern which can be used for a reasonable Risk to Reward trade. One can enter a long where SL of 583 is affordable. Target 640 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Perfect Double bottom formation 1) SL is 382 2) divergence formed with double bottom formation 3) money flow is up.. 4) 1st immediate tgt is 440
looks like we are at the end of the correction, weekly bullish order block 4h bullish divergence possible end of the triple 3 corrective wave here if we want to form a 3,3,5 corrective wave, then the price might go lower
The stock is showing 2B reversal at current level. It has formed falling wedge pattern and seems getting strength at lower line moreover last bars confirmed a candlestick buy. RSI is showing divergence so we can consider a buy the stock with the following details Entry 190 SL 181 Target 205 Disclaimer : All ideas are my personnel view. Please take financial...
Price dropped from top after divergence and it can be very good trade with good Reward.
on daily time frame USD/INR showing bearish divergence USD will fall IN upcoming session this will benifit IT companies
The dollar index is currently trading around a minor support zone. The price action and the stochastic indicator is showing a divergence. So there is a good chance of bounce back. It will retest the broken support zone which is a good time to short.
BUY at open Intraday:230 tgt, SL: 1% Positional: 240 tgt, SL:2 %
After being hammered since almost a month (June 13), looks like some buying interest is coming back to PSU banks. I can see that Oriental Bank of Commerce NSE:ORIENTBANK has formed a Double Bottom around 71 levels with a positive RSI divergence. Looks like the stock is slowly moving towards the first target of 86.75 . Good opportunity for option writers here...
After being hammered since almost a month (June 13), looks like some buying interest is coming back to PSU banks. I can see that Syndicate Bank NSE:SYNDIBANK has formed a Double Bottom around 38.75 levels with a positive RSI divergence. It seems that the stock is slowly moving towards the first target of 43.85. Good opportunity for option writers here with a...
After 2 days of sharp upmove, looks like HDFC Ltd. NSE:HDFC is facing stiff price rejection around 1940 levels. This resistance appears to be very strong as the stock has failed to clear it for third time in a row. I can see a Double Top formation here with negative RSI divergence. If the stock falls and sustains below 1915, looks like it will head back to...
Jubilant Foodworks- looks like an ending diagonal or rising wedge with volume and momentum divergence.Short with Stoploss at 1437.5 spot price.
We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade....
After a long downtrend from 4300 levels, looks like Nifty Metal index NSE:CNXMETAL has managed to get some support at least temporarily at 3320 levels. It will be interesting to see what happens at the trendline resistance which is currently around 3700 levels. I can see a Double Bottom here with positive divergence and also a Morning Star formation. Good...
After a long downtrend from 750 levels in Jan end, looks like we have a bottom in place for Tata Steel NSE:TATASTEEL at around 537 levels. I can see a Double Bottom here with positive RSI Divergence. It remains to be seen what happens at the trendline resistance which at present is around 583 levels. I expect the stock to reach at least 610 for a first...