Beautiful Breakout in OM INFRANSE:OMINFRAL today gave a beautiful breakout after closing above the 200 DSMA. The MACD is still in the Buy Zone.
NSE:OMINFRAL is an infrastructure company with diverse business activities and interests related to Hydro-mechanical equipment, turnkey solutions for steel fabrication, Hydropower developments, Real Estate, Entertainment centres, and Hotels.
It is also backed by Vijay Kedia Sir
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Macdsignal
ABFRL - Understanding MACD for buying and sellingMoving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA
Components of MACD:
- MACD Line - the fastest moving average (short-term EMA) : Blue line
- Signal Line - the slowest moving average (long-term EMA) : Orange line
- MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished.
- Dashed line is Zero line
From the above chart we can see:
1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish
2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum
3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum
Price on 22-04-2024 : 231
Price on 20-06-2024 : 333
It gave 44% returns in less than 2 month
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AMARAJABAT POSITIONAL TRADE SETUPAMARAJABAT share break the trend line towards bullish momentum.
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You can see also the MACD Signal, Macd also give the signal of breakout.
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Safe trader can make position in this trade after it cross 692.
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Short term target is 740. What's your view on this comment below in the box.
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Weekly Analysis of BTC-USD(22nd June)Bears continue to dominate the crypto markets as almost all the major crypto assets fell by more than 7% in the last week. BTC formed a weekly bearish candlestick pattern with ~ 9% decline, also, BTC witnessed is its 6th consecutive week of institutional outflows. However, it is still holding the $30-$31K support zone and at the time of writing, BTC is trading slightly above $32.5K.
BTC also witnessed a ‘Death Cross” on the Daily TF and when this happens in the last bull rally of 2018, BTC further dipped more than 25%. On the downside, the nearest support zone is placed at $30K-$31K, if it decisively closes above the $30K, a further downswing rally is most likely to continue till the next support at $28K, followed by the next significant support at $25K.
On the positive side, BTC is still holding its $30K support for the last 4 weeks, and also, it is making higher highs from the last three times. The immediate hurdle is present at $33.5K, once it breaks this level, the net potential resistance is at $36K, followed by the next level at $38.5K.
Weekly MACD is also entering into negative territory whereas Daily MACD is also giving a bearish crossover, both indicating bearish sentiments to prevail in the coming sessions. However, the breakdown below $30K will act as a confirmation for the further bearish movement.