As per pattern Round bottom and double bottom also. MACD crossover may happen on weekly chart. Dividend also coming Rs.2.5. These parameters may help to reach the target. Vijayaraghavan.K, Kovilpatti, Tuticorin Dist.
On a daily timeframe , i observed that it has given symmetrical triangle breakout and also formed inverted Head & Shoulder pattern. Also i could see MACD crossover . So in the coming days i expect that it may retest the trendline and move further upside. *This is only for educational purpose.. do your own analysis before making any investment..
Price has given a strong breakout from the triangle pattern with a strong marubozu candle and with huge volume, from near the support area. Price has even broken 50 ema. MACD and stochastic RSI too are giving buy signals.
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