INDUSINDBK :ICHIMOKU PART 2 Greeting Traders.
We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen.
When the blue line crosses the red line upwards, the movement of the market is up
And when the blue line crosses the downside of the red line, the movement of the market will be down
Right now I think the movement of the market will be up.
Thank you.
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Ichimokukinkohyo
BALKRISHNA INDIt continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis.
Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones give a trend based signal with momentum both in terms of price and time.
Coal India is super strongly bullish on hourlyRSI regular bullish divergence.
TK cross
Chikou Span has crossed from below the price line and is free.
FTA of 115.30 once crossed shall give a good upside move to the scrip.
Kumo twist shall also confirm the move and shall be observed before making an entry.
HDFC shall be bearish due to profit booking in short term BTST trades will observe some profit booking and might wipe some gains for investors.
Intraday traders can time short entries.
JSW Steel strongly bullish on daily.Chikou span has bounced off from the price line.
Prices are beautifully above all ichimoku components.
Tenken, Kijun, Senkou A and Senkou B are all inclined upwards.
TK Cross in the past week.
Future kumo is bullish.
Price momentum has been validated by spike in volume.
Hidden billish divergence on RSI suggests that uptrend shall continue.