Get started

Macdcross

CHZ-USDTCHZ has been trading in a horizontal channel formation for the last 2 months. The sideways trend is still intact but at the time of writing, it is trying to breach its upper band resistance. On the weekly TF, CHZ has already gained more than 20% this week. Weekly MACD is also given bullish crossover which depicts that trend reversal can be expected in the coming days. At the time of writing, CHZ is trading at $0.33. On the higher side, the immediate hurdle is presented by the upper band of the channel which is at $0.36, if it closed above this level on a daily basis, the next potential target would be $0.42, followed by the next major resistance at $0.52. On the lower side, the nearest support is present at $0.30, if it breaches this support, the next support is presented by the middle band of the channel which is placed at 0.27 followed by the next major support at $0.24. On a larger TF, CHZ is trading in a descending channel formation with major resistance at $0.40, CHZ will have to sustain above this level which will act as a confirmation of the Trend Reversal.
Long
by TradeDog-Research
IOC Multiyear Breakout!Indian Oil Corp. gave a breakout on Monthly chart and may head towards 140-150 levels in some weeks. Reasons to take trade --------------------------- 1. Recent results beat estimates and net profit rose 104% 2. Breakout in trendline with huge volume on monthly chart. 3. MACD crossed Signal showing a trend reversal. 4. Crossed 20 MA & 200 MA on Monthly charts and is just below 100 MA My opinion is we should accumulate in the stock till it crosses 100 MA on 1M chart and then buy with full potential by maintaining a stoploss according to the risk taking ability.
NSE:IOCLong
by Anwar_Khan
Muthoot Finance Weekly Chart breakoutReasons for taking trade ------------------------------ 1. Breakout with volume on Weekly charts. 2. MACD showing bullish signal on Weekly time frame. 3. Company came out with very good net profit in results. 4. Price crossed over 20MA, 100MA & 200MA on daily charts. My Opinion -------------- Though MACD is showing a bullish divergence on Weekly charts, On daily charts MACD is heading for a bearish convergence and that may result in a retesting of the breakout. I would look for a retest to buy the shares in ideal conditions so that my stoploss will be smaller and target will be bigger. Also a tested breakout is a confirmation of the breakout. Conclusion ------------- I will keep this stock in my watchlist and will buy it if the breakout remains strong. ________NO INTACT TARGET. I WILL KEEP THIS STOCK IN MY HOLDINGS TILL I SEE A TREND REVERSAL_________
NSE:MUTHOOTFINLong
by Anwar_Khan
The RSI is into neutral zone taking support at the bull oversoldThe 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 RSI is into neutral zone taking support at the bullish oversold levels, MACD has moved below zero line. You can notice that the levels are very wide, as budget session may result into wild swings in the coming week.
NSE:BANKNIFTY
by BharatJhunjhunwala