Macd-h
National Aluminum Short term view- Bullish Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only.
Vijayaraghavn,
Chennai
Bata India: Has the trend bent?The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support. Above 1735 the bearish analysis is negated.
Bajaj Auto Short term view-BullishBreakout happen already. MACD Crossover may happen on coming days. These will help to achieve target Pls refer chart..
Vijayaraghavan.K,
Kovilpatti.
Bank Nifty- Short term View- BullishWeekly Indicators are turning from bearish and showing bullish signals. So pls refer chart .. This is not a intraday/expiry call
Vijayaraghavan.K,
Kovilpatti.
Titan Bearish Divergence on 4h ChartTitan Chart shows Bearish Divergence on RSI, Stoch RSI and Momentum too.
A pull Back is possible but overall Stock looks bullish for longer term.
Bearish Divergence + Price approaching Resistance may bring the Price Down.
If setup fails and breaks 910, Wait and buy the retest of 900 areas in next couple of days.
EDELWIESS Flag BreakoutWeekly flag breakout with high volume.
Target is open but acc to pattern given as height of the pole.
SL is place at the low of last candle a.k.a new support.
Petronet longGo long after breakout with high volume and MACD crossover.
Target is height of the range.
Targets and SL in chart.
Jain Irrigation H&SHead and Shoulder setup on Jain Irrigation with the support of MACD as well as RSI indicators indicating downward trend.
RelianceRIL looks weak. If it sustains 1320-30 levels then further upside. If it breaks below 1310 will take support at 1250.
Short RIL below 1310
Target 1: 1280
Target 2: 1250
Stoploss: 1325
R/R: 1:4
Regards
Reliance .... watch 1370/- Channel move . Lower part of Channel is support which if broken can damage the current uptrend
Nifty 50 looking attractive...Beginning of new bull run...?pSAR, MACD and Stoch indicating reversal and this can be a better opportunity to enter longs in Nifty. SL would be 9150 (spot rate).
Ascending Triangle formation on GrasimAscending Triangle formation on Grasim. price may break above the support line and MACD showing bullish crossover on bullish trend.
Trade:
Buy above - 1101
Target 1 - 1112
Target 2 - 1124
Stop loss - 1188
BEL Short Wolfe Wave Divergence Oversold Intra day. Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
