Market on the verge of weekly breakdown ?Emerging market indices seems to have already given this signal,
US Fed meet might provide the trigger
Interesting juncture, will it be consolidation or quick correction ?
M-oscillator
Hidden Bullish Divergence In BAJFINANCETime Frem - 15 Minute
Divergence - Hidden Bullish Divergence
Setup Probability - Long Side
NSE:BAJFINANCE
Chambal Fertilizer Chart AnalysisSupport and resistance
Rounding Top Formation
cmp 234,
Sell below 220, Target1 - 178, Target2 -156
SL 246
RSI 47 ( Below 50)
MACD moving downwards
JSL Hisar RSI divergenceRSI divergence is good indicator of bottoming out.
JSL Hisar is near 200EMA.
Target of 150
It might make one last swing low till then
SL of 105(200EMA) can help work out R:R
view based on rsi+adxThe relative strength index (RSI) is a momentum indicator used
to measures the magnitude of recent price changes
to evaluate overbought or oversold conditions
RSI now in above chart shows neutral momentum
between 45-55
ADX is majorly used by traders to see the strength of a trend
it does not tell if the trend is up or down but says
how strong is the current trend
hence, high readings indicate a strong trend and low readings indicate a weak trend.
ADX now in above chart shows its all lines are entangled
indicating less strenght and looking for next direction
using this two filters
it seems better to
wait and watch as of now
note :- its said :- in trading/investing its not about how much you make but rather how much you dont loose
disclaimer - trade @ own risk
DXY-Possible Bullish divergenceOn the 4hrs chart, bullish divergence seems to form. It would be interesting to see how DXY moves in the coming weeks.
NIFTY Trading levels for the daylevels clearly mentioned in the chart
nifty opened gap uply & nifty was consolidated yesterday.
today can see a breakout or breakdown
there is chance for gap filling but note that after the gap filling can see a sudden recovery in nifty.
so short sellers beaware..
any way i am bullish on nifty for the day.
and I expecting sell side only below 14990
thanku
Hindalco Trading in an ascending pattenHindalco Trading in an ascending patten, Breakout of all time high happened today
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
SBIN 399 - Friday session review.SBIN(399) - Smart money has moved price higher to lock the profit takers around 330 region. As posted earlier, we will be keeping Our shorts below 408 and a breakdown of 393 for target 330. Though signals have confirmed breakdown, will be adding more positions on price breakdown confirmation.
COPPER (26th FEB 21) Above 644.50, May Move Upside Till 647-652 On the Daily Chart copper is looking strong and also it has shown small profit booking in the morning session now if it will shift above 644.50 then it may go upside till 647 and 652. Low risk trader can go long above 644.50 with stop loss of 642.20 and safe stop loss will be day's low 641.50.
Varun Beverages at Recent Support and having MACD CrossoverVarun Beverages at Recent Support and having MACD Crossover
APLLTD looks good for longStocks looks good for long as per MACD Crossover and Stock taking support at 200 EMA so with Stoploss below 200 EMA it looks good to go Long at CMP
12 Feb Intraday LevelsTargets are marked in blue, they can act as support/resistance ... Trade what you see.
Book profits at every target or trail SL some points above/below target.
risk based trade - looking for some profit booking based on over bot concept
looking for profit booking from here
rsi - 84 + = overbot
lower volume candles
note - risk based view
since there is still somewhere momentum towards bullish side
disclaimer - trade @ own risk
bearish in bajaj conrising wedge formed in day chart ,and adx giving negative divergence
but to confirm this we need rsi and mfi to be in over bought range currently RSI is at 60.4 & MFI at 63.1 and rising wedge need to be much closer but over all direction it is getting narrower i think in 1-2 weeks mfi and rsi will reach over bought ranges and rising wedge becomes much more narrower so stay cautious ,i think this might also indicate correction in nifty or may be results expected for bajaj con may be negative
thank you for reading this is not an trading advice ,trade at your own risk , this is purely my opinion
Marico | Resistance Breakout & Retest The same level 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
weekly based buy - reasoning based on 3 time frame belowas per weekly chart 🥇
its a buy based on RSI which is higher then monthly rsi
supportive 4hour chart below⛳ :- resistance trend line broken
supportive 15 min chart below🪁 :- inside box based trade, though buy is above 89 which seems far as per time frame , yet shared as it shows consolidation
disclaimer - trade @ own risk
