Abbott India - Fibonacci ReversalNSE:ABBOTINDIA has retraced 61.8% of its rally. The stock gave a #Doji reversal confirmation 2 sessions back and moved to confirm the reversal of the downtrend. Currently the stock has moved up to its resistance level and and same can be seen from falling bullish volume.
Tomorrow will be important to watch to see if it breaks the resistance or not?
We expect the stock to move a little lower (retrace about 50% of the current reversal move) and then increase to move towards 18000 levels. (As shown by arrows). There’s however more upside according to RSI and Relative Strength Analysis.
M-oscillator
BTCUSD to see an uptrend bias | Moving Averages indicating buyMarket in last 24hrs
-BTCUSD moved sideways, price above 11k
-Price volatility was high. Market moved ~3.02%, between $11.2k and $10.86k
Today’s Trend analysis
-Low volatility ahead with a bullish bias
-Price at time of publishing: $11,050
-BTC’s market cap: $203 Billion
-Oscillator indicators are mostly neutral. RSI at 73
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are indicating a low volatility ahead. Very low volumes observed in recent candles, volumes were less than 20 candles moving average.
Price expected to move upwards, low volatility due to low volumes. Most of the Oscillator indicators are neutral. MACD is positive around 360, histogram size decreasing in last few candles about to cross down zero, indicating a bearish sign. RSI at 73, still in the overbought region indicating bearish opportunity. CCI is above 70, and in neutral region signaling a sideways movement. Another interesting point to notice here is that the candles are making higher lows which indicates a buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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- Mudrex
BTCUSD about to reach 11k || RSI in overbought regionRSI in the overbought region with a value above 80 indicating the price drop
MACD line above the signal line with a huge magnitude indicating an uptrend
CCI above 140 indicates a downtrend
Squeeze indicating an uptrend as the market volatility is high
TCI Express // Potential Triangular B/O Call for Monday July 25th 2020
NSE: TCI EXPRESS
CMP / LTP: 687.6
TARGET: 825+ (20%+)
STOP LOSS: 625 (10 % Max)
Notes:
- This is a swing trade call and not an intra-day trade
- For the best RR, this scrip can be bought within max +/- 2% range of suggested price not more than.
- Please follow the Stop Loss strictly. If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5
Disclosure: I may or may not have a position in this trade. All the recommendations are subject to market conditions. Please trade at your own risks.
Gati buy possibilityLooks like good buy possibility for short term.
PA to watch.
Could wait for entry near 47.
Asian paint structure looks weakAnalysis:
It has formed a flag structure after an impulsive move, cmp can be shorted for target 1674/59/42 (intraday/swing). With stop 1708.
Thanking you,
Kalpana Burman
Disclaimer:
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The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
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Nifty eyeing for AB=CD on daily time frame
Currently nifty has made bearish engulfing pattern on daily frame exactly at 0.618 retracement from its high of 12430 approx on 20th jan2020.
Also RSI is poping up hidden divergence at 0.618 retracement...
When we apply Harmonic pattern AB = CD we get D point at 5680 approx...as reversal zone.
So traders be careful... choose to sell on rise only