Prices too far from Kijunsen. RSI regular bearish divergence.
Trendline & Kijun support. RSI hidden bullish divergence.
Ichimoku could breakout. Inverted head and shoulder pattern.
Cup and handle breakout. Hourly cloud breakout. Kumo twist.
Daily chikou facing resistance from price. Regular bearlish RSI divergence on hourly chart. Price likely to be strongly rejected from the cloud on daily (is currently within it.) Trade shall only be taken after break down from the cloud for safer entry.
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.
Take span B as the center line for trades in this pair
Godfrey Phillips India Ltd formed a bullish bat. Entry, target and SL indicated in chart. Views negated < 940. Target at Kumo, to be strictly exited when price touches Kumo. Chart for educational purposes only, and not a trading advise.
GOLD with the KUMO (future cloud) now turing positive again and an average bullish TK cross on the daily cud resume its upward bias ..first thing first,,, double top test 1680/1700... weather it will break the top is a secondary question.. Any daily consecutive close below 1570 will invalidate the bullish bias.
Like the Banknifty, Nifty is also resting at an support level. 12090 will keep providing support to the index breaking below it Nifty may slide to 11960, 11790 & 11420 levels. While 12300 will act as a strong resistance zone for Nifty. The RSI is into neutral zone between 60-40 levels, while it is also taking resistance at the trend line. The MACD is also facing...
Price is back to Support Zone. The move towards this Support was quite Slow. Expecting upmove to resume from here. SL 1000 DCB
The index pulled back in a great way after the Middle East tensions. The prices halted at the previous highs. The momentum (RSI) is into a sideways zone and still diverging with the price. A sustenance above 12290 may push up the prices to 12360 – 12500 levels, however any failure to sustain above the levels may push nifty to 11930 where it may find support. The...
Gail is trading at an inflection point. A strong close above 127 will fuel up the rally whereas any selling pressure at the current levels may push the prices down south again to 110 zones. The RSI is at the bearish extreme zone.
The weekly banknifty chart has closed negative this week, back to back two bearish candles also indicates momentum suppression in the index. 31800 will provide immideate support to the index, giving away this may push the index to 31300 levels. However the trend is still up and any bounce from the support will push banknifty up 32600, 32800 & 33300 finally. The...
Infosys was hovering around a very strong resistance from past one month, in today’s move it finally gave a close above the same. If the price is able to sustain above it for a session or two the stock may be ready to scale up further. The weekly prices are above the kumo while same is seen on the daily charts too. The CS is free the prices are expected to move...
Last few days we witnessed a rally in NTPC from 109 levels, this rally seems to be more of corrective nature and halted at the KS line on daily chart. RSI is well placed into bearish zone and MACD is bearish too with no positive bias as of now.
Canbank took resistance at multiple resistance zones and pushed down again. Now the stock is just at a minor resistance moving above it will be a positive sign for the stock in the short term and prices may push to 235 levels. However any failure to hold above it will result into continuation correction.