M-oscillator
💡180 - 365 DAYS HOLDING PICK💡 -💡 HAVELLS 💡BASED ON MONTHLY CHART REASONS
ROUNDING PATTERN AFTER A BIG RALLY
ADX & RSI GUD SUPPORT TOWARDS BULLISH TREND
COMING TO DAILY FRAME WE SEE
SMALL ASCENDING TRIANGLE FORMATION
LAST FEW DAYS HAS SHOWN FALL YET OSCILLATORS ATTACHED WITH MONTHLY FRAME - ARE ON DAILY FRAME TOO IN SUPPORT OF OVERALL BUYERS MOOD
in.tradingview.com
JOINING BOTH LONG TERM TIME FRAMES - THIS SCRIPT CAN BE PICKED AS AN INVESTMENT
disclaimer - join your own view before investing,
Bank niftyClear cut divergence can be seen in bank nifty. It is showing loss of momentum but doesn''t tell to short. It may happen that after some time wise correction again up move start.
LT CAN GO HIGH N HIGHER ...continuation chartGOOD MOVE SEEN FROM 1033 TO 1055+
MORE 50-100 PTS CAN BE SEEN ON CHART
ABOVE 1055
SUPPORTING FACTORS - CURRENT VOLUME BAR + RSI STRONG BULLISH STRENGTH
BELOW IS THE PREVIOUS SHARED IDEA POST ON LT FOR REFERENCE
SBIN LONG HOLD FOR MORE OBSERVATION :-
TWICE RESISTANCE LEVEL 255 TOUCHED
***RSI*** ON ALL BIG TIME FRAMES
ABOVE 65 - 70 MARK
SAYS
BULLISH TREND CAN STAY ON
A DEFINITE BUY SEEMS ON CARDS
OR HOLD LONG POSITIONS FOR SOME MORE TIME
disclaimer - join your own study to enter trade
PREVIOUS SBIN LONG VIEW ATTACHED BELOW
STAY BULLISH ? WITH THE ONGOING TREND ?ADX ON MOMENTUM
+DI ABOVE ADX
-DI BELOW ADX
RSI MODERATE BULLISH LEVEL
STAY ON WITH THE GOING TREND
NO JUMPING OFF FROM RUNNING TRAIN ??
disclaimer - only observation
INDEX EXPECTED MOVE BASED ON STOCKRSI + CHANNEL RANGE AS ITS SEEN 👉
BANK NIFTY IS TRADING IN A RANGE/CHANNEL
STOCHASTIC RSI IS ATTACHED TO CHART AS I FEEL IT
WORKS BEST WHEN THE MARKET IS TRADING
IN CONSISTENT RANGES.
IF WE JOIN STOCH RSI
TOP/BOTTOM WITH TREND LINE
AND MATCH IT WITH INDEX
WE SEE UPWARD REVERSAL WHENEVER STOCK RSI HAS TOUCHED ITS SUPPORT LINE
TAKING INTO THIS IN MIND THAT THIS TREND WILL STAY ON FURTHER - A BUY CAN BE SEEN IN 2ND HALF AFTER A BOTTOM HIT IN INDEX
WITH KEEPING TARGET LEVEL NEAR TOP TREND LINE
disclaimer - join your own study for taking trend and comment your views traders
DOES THIS LEAD US TO NEW LOW FOR THE DAY ? BNF view continuationSMALLER TIME FRAME SHOWS
CUP & HANDLE PATTERN
2 ROUNDING PATTERN
NECKLINE OF WHICH IS RIGHT NOW BROKEN
DOES THIS LEAD US TO NEW LOW FOR THE DAY ?
BELOW ATTACHED HIGHER TIME FRAME IDEA POST
BUY LEVEL IN AXIS BANKBUY ABOVE 612.6 WITH STOP 592
RISK:REWARD = 1:1 / 1:2
> FACTORS CONSIDERED
3 LOWER HIGHS
ADX ABOVE 30 WITH +DI MORE THEN - DI
disclaimer - join your analysis before taking trade.
CIPLA A BUY BASED ON EXLANATION GIVEN IN IDEA POSTPLEASE CLICK THE IDEA TO SEE REASON FOR BUY SIDE SUGGESTION IN SCRIPT
disclaimer - buy @ own risk.
115 soon on chart ? comment below your view traders 🎇🎇🎇retracement 0.5 tested, cross above that can see 115 on chart
oscillators support possible for rally
overall market support possible for rally
entry on close above 97.5 with stop as comfort for target 115 +
disclaimer - for study purpose only.
RSI Divergence in BayerShould consolidate nr 200EMA and give positive returns.
Lets see how it turns out..
Buy above 5400
SL 5000
Take a Chance to taste new high Script @ high resistance level of the year
Stochastic Shows Oversold
Above 200 ma says it’s been bullish trend
IS IT THEN NOW ON VERGE OF BREAKING RESISTANCE AND GO FOR NEW HIGH
I would enter @ 2350 with 50-60 pts stop to enjoy new high if comes
And reverse the trade if opposite happens for 2200 as target.
disclaimer do your own study before entering.
RSI Divergence in ITCA good RSI divergence in ITC seen.
Can be Bought with SL of 166 with Targets
of 175 180 and 186 .. . .
SBIN broke the downwards trendlineSBI is showing signs of reversal.
1) Tested the lower line of the channel.
2) Broke the trendline.
3) RSI has also broke it's trendline. (Reversing after touching the oversold zones.)
TGT: 208 SL: 185
Head & Shoulders patternHUL has formed a Head & Shoulders pattern in the 25 min time frame. So if it gives a breakdown, it can go down at least 60 points.
But bear in mind it is near oversold zones in the RSI. So if it fails to breakdown, a trade can be taken on the long side too.
If short ---Downside target: 2070.
If long ---Upside target: 50 points.
SL : The blue line.
(PS: I'm more on the upside bcoz the price just came out from a double bottom pattern, )
NEVER TRY TO GO AGAINST TREND FORCIBLY INDUSIND HAS BEEN PERFORMING WELL AS COMPARED TO THE WORST HIT STOCK DURING COVID RAIN , BULLISH DAILY BODIES FORMATION BACK TO BACK + RSI CONSISTENTLY ABOVE 60 & 80, BUT THIS SHOULD NOT TEMPT WE TRADERS TO THINK THAT NOW IS THERE POSSIBILITY FOR A U- TURN OR A PROFIT BOOKING DAYS --------------------I WOULD SAY MIGHT NOT BE AS OF NOW LOOKING AT THE LONG BUILD UP AND SHORT COVERING HAPPENING IN TODAY'S DATA = FRESH + CHANGE IN OI IN PUTS SIDE AND NEGATIVE CHANGE IN CALLS SIDE + GUD DIFFERENCE IN TOTAL CALL:PUT SIDE - FAVORING BUY SIDE STILL .... LOOKING AT OI DATA - IT WOULD BE BURNING HANDS TO TAKE A SHORT TRADE -------------- IT SEEMS LIKE PUTTING RETRACEMENT THEORY ON CHARTS STILL 2 LEVELS TO BE ACHIEVED BEFORE WE SEE A FALL IN SCRIPT UNLESS SOME HUGE DATA CHANGE HAPPENS IN OPEN INTEREST CHAIN PLATFORM......
disclaimer - do your own study before investing.
ADX & LOWER HIGHS BASED TRADE ENTRYBASED ON EXPLANATIONS GIVEN IN THE ABOVE CHART
TAKE THE ENTRY BASED ON YOUR OWN ANALYSIS TOO .
A zoomed out perspective of NIFTY After the recent rally and very close to making all time highs ( NIFTY is already at a all time high on closing basis — it's just the first week of the month). The index might face some resistance at current levels, which is a confluence of the Bear Resistance zone on the RSI and the declining bearish divergence trendline. If aggressive buyers manage to surpass this confluence, then price may shoot up aggressively. If sellers dominate at these levels along with some profit booking the price may retrace. As this is a long term chart a retracement on monthly would look like a bearish market on daily charts. This would be an interesting month for Indian markets.
