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IOLCP: The Next Big MoveFollowing a prolonged 4 month downtrend, IOLCP has successfully breached the significant resistance level at 417 on daily chart, which now serves as a change of character. The RSI has also crossed above the 60 threshold, further supporting the idea of positive momentum within the stock. Additionally, the daily closing prices are positioned above all EMAs, indicating a strong bullish sentiment. At this juncture, IOLCP appears poised for upward movement, with the next resistance level identified at 514 . Refer to the accompanying chart for a visual representation of Resistance, Breakout and Stop-Loss. Disclaimer: This analysis is provided solely for informational and educational purposes and should not be interpreted as financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:IOLCPLong
by NiftyNotions
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 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:OMINFRALLong
by Karanshah137
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 Please do hit like if you learnt from this post.
NSE:ABFRLLong
by PowerOfTA
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.
COINBASE:BTCUSD
by TradeDog-Research