A falling wedge pattern is being formed with stochasticrsi divergence and macd crossover, volume is above average, a break above 83650 will be a good buy signal and if it breaks above 90300 it can be held for a further target of 96700.
Inverse head and shoulder pattern is being formed at an important support zone with raising stochasticrsi and macd crossover. Wait for a breakout above 76 to buy
MACD has already done positive cross over & EMA is about to make a positive crossover.
POSITIONAL TRADE IN PNB VIEW:- :-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN :-MOMENTUM GAIN IN RSI :-POSITIVE CROSSOVER ON MACD :-ABOUT TO BREAK ITS 20-WEEKLY -EMA TRADE IN FUTURES NOV CONTRACT BUY@67 STOP@60 TARGET 1@75 TARGET 2@84 LOT:7000 QTY:2
TGT 1 - 420 TGT 2 - 405 TGT 3 - 390 SL - 480
sell if crosses below - 1322 RSI crossing below 70 MACD cross TGT 1 - 1285 TGT 2 - 1270 TGT 3 - 1255 SL - 1345
ALBK has a strong resistance at 55 RSI sliding from overbought zone MACD crossover Short for a target of TGT 1 -52.5 TGT 2 - 50.25 SL - 57.5
MOMENTUM TRADE IN HPCL/HINDPETRO APRIL FUT SHORT@267 STOP@272 TARGET@257 LOT:2100 QTY:2
RSI crossing below 70 and MACD crossover Sell if crosses below 595 TGT 1 - 584 TGT 2 - 575 SL - 614
TGT 1 - 70.5 TGT 2 - 69.4 TGT 3 - 68.6 SL - 73.8
Nifty has gained around 9% in one month and it is very likely that it may reverse. RSI and MACD have also shown a signal of reversal. Short nifty for a target of TGT 1 - 11390 TGT 2 - 11330 TGT 3 - 11250 SL - 11650
EMA crossover of 8 and 13 RSI crossed below 70 TGT 1 -29250 TGT 2 - 29000 SL - 30050
EMA 8, 13 and 21 crossover MACD cross RSI sliding below 70 sell if crosses below 2835 TGT 1 - 2800 TGT 2 - 2770
Supported by MACD crossover TGT 1 - 805 SL - 765
BTST IN RELIANCE JAN FUT BEARISH TRENDLINE BREAKOUT ON THE UPSIDE RISING OI WILL LEAD THE NIFTY BREAKOUT SYMMETRICAL TRINANGLE ON HOURLY CHART BUY@1130 STOP@114.5 TARGET 1@1150 TARGET 2@1175 LOT:500 QTY:2
BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...