Get started

M-oscillator

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: The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments. 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. This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position. Please keep supporting and engage in the comment section.
NSE:ASIANPAINTShort
by KalpanaBurman
TCS - A GOOD MOMENTUM PICKTCS LOOKS GOOD ON DAILY TIME FRAME AND A BUY CAN BE INITIATED. I have analysed it on daily time frame considering few points. Key Observations- 1. Fibonacci Retracements - Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. TCS managed to retrace around 61.8% i.e 1980 from bottom of 1557 which it made around on 19th March. A move above 61.8% suggests a Trend Reversal for any stock. TCS failed to sustain above 61.8% i.e 1980 and it fell back to 50% i.e 1890. For about a month 50% i.e 1890 was crucial level for TCS to break, which it managed to sustain this time. (shown by arrows in graph) 2. Channel Analysis - A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a “bullish price channel” will refer to a channel with positive slope and a “bearish price channel” will refer to a channel with negative slope. TCS is currently in a good bullish channel for last 1 month and currently respecting the trend lines. Based on this, TCS will continue to move UPWARD and good returns can be generated. 3. Moving Averages - A moving average (MA) is a widely used technical indicator that smooths out price trends by filtering out the “noise” from random short-term price fluctuations. The most common applications of moving averages are to identify trend direction and to determine support and resistance levels. For short term Trading Purpose we can considered 9 day and 21 day Moving Averages has seen a good positive cross over of 9 and 21 day Moving average. TCS Has also managed to sustain above its 9 day moving average for few days, which shows its in strong UP- trend. 4. RSI - Relative Strength Index (RSI) is momentum oscillator that measures Speed and change of Price movements. RSI oscillates between 0 and 100. Traditionally RSI is considered overbought when its above 70 and oversold when below 30. RSI of TCS has hovering in mid 50 to 60 for last few days. This also suggests that there is strength in Up-move of TCS. 5. Directional Movement Index - The DMI is a technical indicator that is typically shown below or above the price chart and is calculated by comparing the current price with the previous price range. DMI then displays the result as an upward directional index (+DI) and a downward directional index (-DI). The DMI also calculates the strength of the upward or downward movement and displays the result as a trend strength line called Average Directional Index or ADX. +DI and -DI show up as two separate lines, colored green and red, respectively. When the red line is above the green line, it means the price is dropping. When the green line is above the red line, it means the price is rising. If the - DI and +DI are crisscrossing back and forth, there likely isn't a price trend going on, and the price is moving sideways. An ADX reading above 25 signals a strong trend is in place. Based on this explanation, DMI of TCS is currently at 25 which is strong, suggesting strength in price movement. SUMMARY- [/b ] Considering all the above points, we can initiate a trading Buy in TCS at 1949 with Stop Loss of1885 ( which is just below 50% retracement). Trading Target can be set at 2050-2075-2100.
NSE:TCSLong
by EquityPulse
AXIS BANK – A GOOD LONG-TERM PROSPECT?AXIS bank has corrected 60% from its highs of 760 and had touched 300, but does it make AXIS Bank a good investment opportunity? I have broken it down to you and analyzed AXIS bank on WEEKLY Time-Frame. Key Observations- 1. VOLUME ANALYSIS- • SELLING CLIMAX (Green Arrows)- A climax occurs at the end of bull or bear market cycle and is characterized by escalated trading volume and sharp price movements. The beginning of selling Climax is often signaled by steadily increasing volume on sell side of market as growing pessimism accelerates the downtrend. • On this weekly chart of last 12 years (Green Arrows), volume climax has happened 3 times and once all selling pressure is over, there was a good Up-move. • Volume Spikes (Dotted blue and Red lines)- Unusually large volume, graphed on chart. If one day’s volume is two to three times the average volume, it will appear as spike. Volume spikes are plotted on Ascending Triangle formation. Volume spikes on trendline Support and Resistance confirms visibility of big buyers and sellers. • Currently AXIS bank is at demand Zone and is witnessing huge volume spikes. 2. DEMAND AND SUPPLY ZONE (Rectangle box)- • AXIS bank is currently in good demand zone (Price Range 372-340), it has tested this level in year 2014, 2015 and 2020. It also managed to test strong support zone of 300 which it couldn’t break for 4 years from 2010 to 2014. AXIS bank managed to close above this demand zone of 370 to 340 for last 5 weeks which is a positive indication. 3. RELATIVE STRENGTH INDEX (Blue UP Arrows)- • Relative Strength Index (RSI) is momentum oscillator that measures Speed and change of Price movements. RSI oscillates between 0 and 100. Traditionally RSI is considered overbought when its above 70 and oversold when below 30. • Over the last 12 years AXIS Bank has faced 6 oversold levels (Blue Arrows) where the RSI has touched below 30 levels on weekly chart. AXIS Bank managed to gain momentum as soon as it reached over sold levels and bulls managed to change the trend up. Currently AXIS Bank has reached extreme Oversold levels and history suggests that it could be a good entry point for new buying. 4. FIBONACCI RETRACEMENTS – • Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. • AXIS Bank after hitting a low of 285 managed to retrace till 465 which is 38.2%. Currently it is stuck at 23.6% ie (400 ). 5. PRICE CHANNEL- • A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. • Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. • For explanatory purposes, a “bullish price channel” will refer to a channel with positive slope and a “bearish price channel” will refer to a channel with negative slope. • AXIS Bank has broken its bullish pattern and is facing resistance around 400, which is negative for short term SUMMARY – Looking at all the above points, we can conclude that AXIS Bank can be accumulated at current levels of 360 to 375. Second phase of buying can be done when AXIS bank is able to sustain its 400 level for few weeks. A medium-term target can be placed at 480 to 522 and long-term target of 600 can be achieved in few years. In Short term, we could see some pressure, but Axis Bank is a good Investment Prospect currently.
NSE:AXISBANKLong
by EquityPulse
3