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Macdivergence

NIFTY50 on 15mins chartLONG SCENERIO - Nifty50 has been trading in a very crucial level. The gap up from 2nd of Feb (Budget day)has being acting as very crucial support & seems to be like big players spot. Well we wanted to know if NIFTY has a momentum while giving reversal from support & we plotted a divergence that has occurred near support area. Note while doing analysis, we also had a look at SGX NIFTY & it’s trading at +1.13% (+161points). This also gives us a signal that NIFTY50 can open GAP UP.
NSE:NIFTYLong
by Trademint08
#LETSTALKABOUTMARKETS- AUROBINDO PHARMA Auropharma may still gain a bit but it will not be outperforming anymore, adding to that i feel it might under-perform as well. The basis for this are the technical indicators: 1. RSI divergence - RSI divergence is when the price slopes upwards but RSI slopes downwards, forming a negative divergence. As seen in the chart, price is moving upwards whilst RSI is sloping downwards which indicates that the upward price movement will not last for long. 2. MACD - Moving average convergence divergence as it is called, has also showed a crossover which further confirms the weakness in the stock price movement. 3. Bollinger Bands - BB also seem to be squeezing out which shows low volatility. One can wait out to see the price movement, where the Bollinger Band seems to be expanding. The upward price movement might fade out soon and might even move sideways before cracking down. One can take a position by keeping a stoploss around 715 and wait for the target of 600 and an extended target of 560. *This is my opinion and i am not registered with sebi*
NSE:AUROPHARMAShort
by je_sh
1
RSI being heavily oversold the stock may pullbackThe stock 1101 during the day pulling back to close at 1134. Comparing close to close the stock corrected 1.43% compared to Bank Nifty overall. Now the stock is at a support. RSI being heavily oversold the stock may pullback from the current levels to 1160 – 1180 levels, however failing to cross them or creating bear candles at the levels may result into further selling. If selling beings again then the stock may find support at 1095, 1050 levels below which the target is deep towards 890 zones.
NSE:HDFCBANK
by BharatJhunjhunwala