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MACD Trading part 2MACD full form: Moving Average Convergence Divergence and is one of the most widely used momentum indicators in technical analysis. Gerald Appel was the creator of this indicator at the end of the 1970s. By computing the distinction between two time period intervals, which are a compilation of historical time series, this indicator is used to define momentum and its directional resilience. MACD uses moving averages of two distinct time intervals (most commonly historical closing prices of securities), and a momentum oscillator line is calculated by deducting the two moving averages, which is also known as 'divergence.'
NSE:COALINDIAEducation
by SkyTradingZone
IDEAFORGE TECHNO LTDSwing Trade Alert #IDEAFORGE IDEAFORGE TECHNO LTD - Weekly Chart ■ Breakout Watch: Stock has broken above a long-term falling trendline. ■ Current Price: *561.60 (+6.20%) ■ Resistance Zone: *580-584 (previous swing high) ■ Setup: Trendline breakout with strong volume. ■ Volume Spike: Indicates strong buying interest. ■ Bullish Structure: Forming higher highs and higher lows post bottoming out. Swing Buy Above: *584 ■Target Zones: *640 / €700 ■ Stop Loss: *520 (below recent consolidation)
NSE:IDEAFORGELong
by TechnicalExpress
HINDUSTAN ZINC LTDAs of June 4, 2025, Hindustan Zinc Ltd (NSE: HINDZINC) is trading at ₹468.75, reflecting a 3.44% increase for the day. 📊 Daily Support and Resistance Levels Based on pivot point analysis: Central Pivot Point (P): ₹466.93 Support Levels: S1: ₹459.46 S2: ₹450.18 S3: ₹442.71 Resistance Levels: R1: ₹476.21 R2: ₹483.68 R3: ₹492.96 These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential support and resistance zones. 📈 Technical Overview Trend: The stock has demonstrated strong upward momentum, with a 3.44% increase on the day. Technical Indicators: RSI (14-day): 62.24, indicating bullish momentum. MACD: 7.03, suggesting a positive trend. ADX: 18.90, indicating a developing trend. Stochastic Oscillator: 78.66, nearing overbought territory. Supertrend: 426.69, supporting bullish sentiment. Parabolic SAR (PSAR): 436.97, indicating an upward trend. Volatility: The stock exhibits moderate volatility, with a beta coefficient of 1.10. 🔍 Additional Insights Hindustan Zinc Ltd has shown a strong bullish trend in recent sessions. The RSI and MACD indicators suggest continued upward momentum, while the proximity to resistance levels warrants cautious optimism. Traders should monitor these levels closely for potential breakout or reversal signals. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:HINDZINCLong
by TechnicalExpress
2
GARDEN REACH SHIP&ENG LTDAs of June 4, 2025, Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) is trading at ₹3,150.50, marking a 6.22% increase for the day and reaching a new 52-week high . 📊 Daily Support and Resistance Levels (Pivot Point Analysis) Based on the latest pivot point data: Central Pivot Point (P): ₹3,100.97 Support Levels: S1: ₹3,013.24 S2: ₹2,875.97 S3: ₹2,788.24 Resistance Levels: R1: ₹3,238.24 R2: ₹3,325.97 R3: ₹3,463.24 These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential support and resistance zones . 📈 Technical Overview Trend: The stock has demonstrated strong upward momentum, with a 15.15% increase over the past week and a 64.35% rise over the past month . Volatility: GRSE exhibits high volatility, with a beta coefficient of 3.08, indicating that the stock is more volatile than the market average . Relative Strength Index (RSI): The 14-day RSI stands at 75.78, suggesting that the stock is in overbought territory, which may precede a price correction . 🔍 Additional Insights Recent technical indicators suggest that GRSE is experiencing strong bullish momentum. However, the elevated RSI indicates that the stock may be overbought, and investors should be cautious of potential short-term corrections. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:GRSELong
by TechnicalExpress
1
SERVOTECH REN POW SYS LTDAs of June 4, 2025, Servotech Renewable Power Systems Ltd (NSE: SERVOTECH) is trading at ₹147.26. 📊 Daily Support and Resistance Levels Based on the latest technical analysis: Support Levels: S1: ₹131.12 S2: ₹114.98 S3: ₹106.54 Resistance Levels: R1: ₹155.70 R2: ₹164.14 R3: ₹180.28 The central pivot point is at ₹139.56. 📈 Technical Overview Trend: The stock has exhibited strong upward momentum, with a 19.39% return in one day, 13.95% over the past month, and 33.27% in the last three months. Technical Indicators: The Relative Strength Index (RSI) is at 82.637, indicating overbought conditions. Other indicators like MACD and ADX suggest a strong bullish trend. Volatility: The stock has shown average daily movements with good trading volume, indicating medium risk. 🔍 Additional Insights Servotech Renewable Power Systems Ltd recently garnered attention due to significant developments, including a visit from Errol Musk, which may have influenced investor sentiment. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:SERVOTECHLong
by TechnicalExpress
NDR AUTO COMPONENTS LTDAs of June 3, 2025, NDR Auto Components Ltd (NSE: NDRAUTO) is trading at ₹994.50. 📊 Daily Support and Resistance Levels Based on pivot point analysis: Support Levels: S1: ₹949.17 S2: ₹933.58 S3: ₹917.17 Resistance Levels: R1: ₹981.17 R2: ₹997.58 R3: ₹1,013.17 The central pivot point is at ₹965.58. 📈 Technical Overview Trend: The stock has shown strong upward momentum, rising approximately 47% over the past month. Technical Indicators: Currently trading above key resistance levels, suggesting bullish sentiment. Volatility: With a beta of 1.92, the stock exhibits higher volatility compared to the market. 🔍 Additional Insights NDR Auto Components recently reported a 41.17% increase in net profit for the March 2025 quarter, indicating strong financial performance. Please note that stock prices are subject to market risks and can change rapidly. It's advisable to consult with a financial advisor before making investment decisions.
NSE:NDRAUTOLong
by TechnicalExpress
NIFTY50 & NIFTYBANK#NIFTY50 #NIFTYBANK This is not a buy or sell recommendation only for educational purposes and I am not a SEBI registered. Indian Stock Market Outlook - Wednesday, June 4, 2025 Market Overview Nifty 50 closed at 24,542.5 on June 3, 2025. Bank Nifty closed at 55,599.95 on June 3, 2025. The Indian equity markets experienced a downturn on June 3, 2025, with both Nifty 50 and Bank Nifty closing lower. This decline was attributed to weak global cues and rising concerns over stretched valuations. Global and Domestic Factors Impacting Today's Session US Tariffs: The announcement of new tariffs by the US led to a spike in steel and aluminium prices, affecting global markets and causing shares of foreign steelmakers to slump. RBI Monetary Policy: The Reserve Bank of India's three-day Monetary Policy Committee meeting commenced on June 3, with the outcome expected on June 6. Investors are cautious ahead of the policy announcement. FII Outflows: Foreign Institutional Investors have been aggressively offloading Indian equities, pulling out over *1 lakh crore so far in 2025, leading to increased market volatility. Technical Levels Nifty 50: Support: 24,400 Resistance: 24,700 Bank Nifty: Support: 55,000 Resistance: 56,500 Sectoral Performance Underperforming Sectors: Finance and IT sectors faced significant declines due to global trade concerns and valuation pressures. Resilient Sectors: Infrastructure and defense sectors are expected to remain resilient, driven by government initiatives and increased spending. ✰ Stocks in Focus 1. Tata Motors: Announced a dividend, attracting investor attention. 2. TCS: Declared a stock split and bonus issue, making it a stock to watch. 3. Larsen & Toubro (L&T): Expected to benefit from India's focus on infrastructure development and government projects. 4. HDFC Bank: Analysts favor top-tier banks like HDFC Bank amidst current market conditions. 5. Infosys: IT sector under pressure, but Infosys remains a key player to monitor for potential recovery. Market Sentiment The market sentiment remains cautious with a bearish bias due to global uncertainties and domestic policy expectations. Traders are advised to stay vigilant and consider risk management strategies during this period. Upcoming Events June 6, 2025: RBI Monetary Policy announcement. Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTYLong
by TechnicalExpress