I had posted an idea earlier about Escorts NSE:ESCORTS on May 8 when it was trading at 989 wherein the target of 911 was mentioned. (Well, as we can see that target was achieved long back !) Now looks like the stock has completed a countertrend move on the upside and is ready to fall again. I can see that it faced a strong rejection at 50% retracement of the...
Titan NSE:TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909. After a small retracement for 4 days, looks like the downtrend has resumed today. Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure. To me it looks...
BitShares/Bitcoin New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * There is still possibility of temporary retracement to suggested support line(0.0000275), if so, traders can set orders based on Price Action and expect to reach short-term targets. *If the support line at (0.0000275) is broken, the forecast...
KyberNetwork/Bitcoin New trading suggestion: The price is in an up trend and we forecast the uptrend would continue. But there is possibility of temporary retracement to suggested support zone (0.000235 to 0.000187), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.000235)...
HEROMOTOCO Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.
'Nifty index opened Gap down breaching previous Lows of 10077 and made new low 10049 in near psychological 10000 support area, sustained buying pressure from lows near about 100 point rally up to 10155 recovers Bulls in Action and tried to stand still against bears positively. Bears Tried to drag down Bulls in last Session but Bulls managed to Hold the Fight...
WTI crude has break the neckline of Head and soulder pattern on daily charts, also it has formed bearish engulfing pattern on weekly charts which is a bearish signal. Next support will be near 58.50.
NSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards. A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern. Confluence of all these factors suggest for long positions . Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline...
LOOK IN THE CHART ITS A CONDITIONAL SHORT WILL TEST 50-DMA(1836)
BHEL is currently at 136 levels in downtrend... Trend reversals signals : Postitive RSI Divergance, Bullish Hammer and Bullish Engulfing Candlestick Pattern indicates that strong uptrend trend will start.. Targets are 140/147/155/168+ SL : 130 Risk Reward is favourable.. Note: Do your own study before making any positions...
Nifty has made today a Bearish Engulfing Candlestick pattern... Hope we may see downside... It may fall upto 9530 regions... And if it brake those levels we may consider it as a channel breakdown.. Targets are 9630/9575/9535 SL : 9705 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
Current price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.
The stock is showing continuous divergence and looks ready to retrace from current level. One can short the stock with small Stop Loss and keep the initial target double the risk involved.
Today's big Black candle which engulfed the last 2 candles and closed at lowest level is showing the forthcoming weakness. It is also showing bearish divergence in the overbought Zone. One can short the stock at the level where Stop Loss of 1102 on closing basis is affordable to them.
MRF stock after a strong vertical bull run paused and it looks like ready to resume the journey again. One can go long now or on dips wherever one is comfortable with the stop loss of 49600 for target of price range 55650 - 57500. It offers good risk to reward ratio.