looking good for short term as well long term
Currently in Monthly and daily demand zone
Golden cross over formed
Highest market cap in education sector
PE ration 7 Vs industry PE 13 Undervalued
Share book value 15 undervalued
Invest only that much which you can afford to loose
The Golden Cross - when the 50DMA crosses above 200DMA
This is a bullish signal and a lot of people swear by this cross- for long term wealth generation. This is the perfect time to add RELIANCE to your portfolio
The last Golden Cross on daily charts happened in NOV'15 and has returned 256% in the last 5 years!
"ESCORTS ON THE WATCH" BULLISH TREND AHEAD
VIEW:-
:-STOCK IS STOCK IN THE RANGE OF 640-676
:-BULLISH SIGNAL IS THE GOLDEN CROSSOVER
:-GOLDEN CROSSOVER HAPPENS WHEN THE 50-DMA CROSSES OVER THE 200-DMA FROM BELOW/OPPOSITE IS CALLED DEATH CROSS
:-POWERFUL SIGNAL
TRADE VIEW
DEC FUT
BUY @650-655
STOP@639
TARGET 1@676
TARGET 2@690-95
QTY:1100
MOMENTUM TRADE IN UJJIVAN FUT
APRIL FUT
BUY@324
STOP@314
TARGET@334 ST
TARGET@344 LT
LOT:1600
QTY:3
NEGATIVE DIVERGENCE SEEN
TRADE WITH STRICT STOP
GOLDEN CROSSOVER SEEN (50-DMA C/O 200-DMA)
The strategy goes long when the faster SMA 50 (the simple moving average of the last 50 bars) crosses above the SMA 200. Orders are closed when the SMA 50 crosses below SMA 200. The strategy does not short.
The golden cross is a technical chart pattern indicating the potential for a major rally.
BANK NIFTY LONG TRADE
CAUTION IT IS A RISKY TRADE
TRADE ONLY FOR WILLING RISK TAKERS
"IF YOU NOTICE 50-DMA CROSSES THE 200-DMA"
WHICH WE REFER AS THE GOLDEN CROSS
IN TECHNICAL ANALYSIS
THE INDEX AFTER A VER LONG TIME IS NEAR TO TEST ITS 20-DMA
AND I BELIEF IT IS THE RIGHT PLACE TO GO LONG WATCH OUT
AND USE 26870 TO ADD POSITIONS
AND 26770 AS A STOP
I HAVE...
"GOlDEN CROSS on ema" and looks like it is forming grean cloud
Upcomming events can make it pump high,Expecting eassy 10x
IMAGE of coinmarketcal with upcomming events
BSE:TATAELXSI
Recommendation--> Buy: 1490 - Sell: 1535, 1560, 1600 - StopLoss: 1470
RSI is near 50 which will cross the 60,70 and 80 levels in 3,7 and 10 trading days
Trading sideways in the range of 4.25% (1411 - 1470 - 1530) for 3 months.
On Balance Volume constantly increasing which means accumulation is happening before next breakout.
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