Green trend lines represent the slightly longer term trend while the red lines show the short term trend. MACD negative divergence shows the down trend is running out of juice. Fibonacci trend (long term) had a slight 0% breach but bounced back. This has led me to believe NIFTY will test the resistance and touch levels from 10380-10400 before coming back down. RSI...
The trend seems to be forming a inverse H&S (see circle - marks what looks like a left shoulder) Additional bullish evidence: RSI is rising Stochastic showing bullish 50% Fibonacci retracement is complete For better confirmation must wait for 2-3 days more to confirm bullish trend
as i see the stock it still has a good down side left . and in the worst case can even comes to 77 rupees -80 rupees range as well! in SHORT TIME FRAME the stock holds good support in range of 100-105 MIGHT SEE SOME dead cat bounce AT THESE POINTS BUT overall structure of the stock tells me TO STAY AWAY from the stock and on the upside the stock faces resistance...
1. MACD is showing some promising profits 2. Fibonacci Retracement can be exploited to exit out 3. Short at $9.5K
nifty ANALYSIS 4 the month of " BEAUTY , LOVE , PROMISES , Choclates , TEDDY BEARS AND BARBIE DOLLS ,and {broken promises } I AM OVERALL bearish on the market and see any opprtunity of rise below IMP levels can be good opportunity to sell , market may consolidate at the range of 10650 - 760-800 mark and further a down slide can be seen . an upside can be...
Buy PRICOLLTD CMP 106 at the levels of 100 or below till 95. Crucial support as well as fibonacci level stands at the levels of 100. 92 shall be maintained as day closing basis Stop Loss. Positional targets are 112, 120 and 135. Consider it a mid term trade/investment.
Tatamotors looks good for long Buy around 419 to 420 SL 415 CB T 428, 436 and 450 and above
Follow the Fib levels for your trade if close above 300 then 306 as first target else it may test 293 to 280 keep an eye on Zinc prices as well
VEDL , one may play with Fib levels Buy around 320 SL 312 (and stays above it so CB) T 330 and more
After witnessing the last quarter in a steady downtrend a positive divergence seen in mid December has produced a reversal in this counter and has seen the price rise steadily higher into the value zone around 1280. Momentum indicators shown on the charts are also in sync with the prices as the resistances are been challenged. The support lent by the median line...
Notes on the chart. Trade safe, be healthy. Do hit the like button. Bravetotrade :-)
Infosys hitting 38.2% of fibonacci level which is also a high resistance zone. A possible swing trade on the short side.
ACC breakout of an Ascending Triangle with momentum. The height of the pattern suggests an upside target in the range of (1730-1735). However we notice a fine Fibonacci Retracement confluence at 1720, which will be an interesting level to keep a watch for. A throwback to the breakout level of 1705 should no be discounted.
PNB is @ 61.8% FIB level and also near 50 SMA. Downside looks limited.
CANBK has taken support near 61.8% FIB level of 360 & also 50-Day MA is @ 355. Looks like downside has been capped.
OFSS, a relatively illiquid counter and ideal stock to have in someone's cash portfolio has finally given a clean breakout. Erstwhile supports came in well from the 50% Fibonacci Retracement, and the recent breakout is well supported by volumes. Structurally the chart is in an UP trend across all time frames, for which i use the MACD indicator. Momentum to pick...
RAIN has undergone sharp correction after great up move, is likely to resume its uptrend from support levels indicated on chart. Both trend line and Fibonacci are indicating reversal is at 288 thereabouts. Give it a thumbs up if you agree.
Notes on the chart. Trade safe, stay healthy. Do hit the like button, it does not cost anything :) Regards Bravetotrade