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TATASTEEL: Starting a Bearish Trend" TECHNICAL ANALYSIS OF NSE:TATASTEEL The LAST CLOSE PRICE of NSE:TATASTEEL is 1113.4 . The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 1162. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1097.45 with RESISTANCE 1 and RESISTANCE 2 at 1172.3 and 1205.3 respectively. The Key 50% FIBONACCI LEVEL stands at 1148.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 35.5 and 22.96 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 11.42 and 5 at 15.12 along with HISTOGRAM showing values of -3.66, the STATUS is clearly BUYING CROSSOVER. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.41 and -0.69 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1659 the STATUS is OVER BOUGHT. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 18.71 which signifies its Price Level to be AVERAGE. >>> RECOMMENDATION is : BUY ." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:TATASTEELShort
by finogent
Signs of Exhaustion in DJI The above chart is that of daily timeframe of DJI. We can see that the index has been following a long term support trendline from which it has taken support 5 times. This shows that the support may be weak now and it will be easier for sellers to break the support if the index moves any closer to the support. In addition, we can see that the RSI is flat to negative even when the index is making higher highs and higher lows. This signifies that even though the index is moving up it is not being supported by good buying strength. The index thus is showing signs of exhaustion. Thus the index may either consolidate at these levels or breakdown below the support trendline. Only when the index moves higher and considerably away from the support trendline supported by healthy RSI, one should go long. What should we do? If the stock consolidates for a considerable amount of time, and breaks out then only we should go for buying. Otherwise we should look for selling since it looks like a good selling opportunity. This is not a recommendation. It is a simple analysis employing only trendline and RSI Indicators. The index may not perform as predicted.
DJ:DJIShort
by tksthathachari
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