The bank index witnessed pullback and buying the in the last two sessions. The prices are now just kissing a resistance level. 31800 levels may pose as a strong resistance for bank nifty, above which 32170, 32620 & 33500 seems possible. However any failure to hold 30900 levels will push banknifty down to 30000 zones below which banknifty may find support at 29500....
The stock has made healthy retracement and have now it’s resting on the Kumo. Today’s price action was quite convincing to re-establish the buyers into the stock. The RSI is taking support on the bullish extreme levels with MACD curling up indicating momentum is picking up. If ONCG gets overall support from Nifty, the stock is expected to pull up strongly from...
MACD crossover, rsi falling below 75, stock closing below 8, 13 and 21 ema..
It has also reached the Fibonacci level of 78.6% and is likely to reach 50% level
A good stock to short for a target of
TGT 1 - 205
TGT 2 - 200
SL - 223
1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Indicators are slowly turning to positive side. MACD crossover may happen on coming weeks in weekly chart and RSI,CCI,Stochastic are in positive mode in weekly chart, ADX showing bearish reversal. These are in Indicators/Oscillators side. Patterns side, Round bottom and triangle breakout also leads to finish the targets.
All indicators are slightly turning to positive side on weekly and daily charts. Buy @ CMP or (283-286). Weekly low RSI,Daily MACD Crossover are helps to reach the targets. Triangle breakout also slightly done.
1 hour and daily chart indicators are going to turns positive side. If it goes positive side, weekly chart will turns positive. MACD crossover also going to happen. Buy at this level with minimum stoploss.
In weekly and daily chart, signal line cross over in MACD,RSI positive will help to move up further.
Targets are from weekly chart
Stoploss: 78.4 on closing basis.