Target given by using patterns. Indicators are showing bullish signals on weekly chart and Daily MACD crossover may happen on upcoming days. Be ready for the next move on upside. Stoploss as per your risk. Apart from technical Iron and coal prices are multiyear high so can expect a good quarter on fundamental side.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
Tortoise may go like a rabbit on upcoming days bcaz of all indicators are positive in Day, Weekly& Monthly chart. Weekly MACD crossover may happen on upcoming week. Price is coming out from ICHIMOKU cloud in daily chart. These parameters will helps to reach the targets. It can go above the target levels bcaz MACD crossover may happen in monthly chart
Daily MACD Cut may come on upcoming days and weekly indicators are positive. In Weekly Ichimoku chart, Price took support on conversion line and Conversion line above the base line. Lagging span above the day close. Once it coming out of the cloud, price may zoom up further. Weekly MACD crossover may happen on upcoming months. These parameters may help to reach...
It breakout the channel and formed cup and handle pattern . All indicators are bullish Monthly MACD crossover may happen upcoming months. Share split also may approved on upcoming AGM. These parameters may help to reach the target levels.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
CUMMINSIND trading in downtrend channel since last 1 month trading session. Yesterday it reached near the resistance level of downtrend channel in same its also shows MACD bullish crossover. This indicates that more chances it will give breakout of this downtrend channel and give projected target upto 935+.
Reasons for taking trade
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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
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Though MACD is showing a bullish divergence on Weekly charts, On daily...
Indian Oil Corp. gave a breakout on Monthly chart and may head towards 140-150 levels in some weeks.
Reasons to take trade
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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...
Currently. ril trading in a symmetrical triangle pattern.
first tgt - 2150
second tgt 2200
third tgt 2300-2350...
( potenial to bbreach to previous life time high levels near 2370)
rsi positive
macd positive croosover
stochastic positive crossover
It loosing the grip from bearish side. Indicators are showing positive signals. It may go further upside on upcoming weeks/Months.
Vijayaraghavan.K,
Kovilpatti.
It has the power to zoom on upper side anytime. Monthy MACD crossover happened but not reflected in share price. Now the time has to come to go upside on upcoming days. Keep stoploss below 132 levels.
Thank you,
Vijayaraghavan,
Kovilpatti.
Granules India is making HH - HL pattern. Elliot wave theory implications can clearly understood. But most important is MACD crossover. This one is classic example of MACD crossover.
