Marksans pharma has taken support of rsi 60 twice on a weekly TF. On daily TF it has regain rsi 60 level.
And on monthly TF it just has crossed 60.volume is also increasing in few last trading sessions .so as per my analysis it's having more potential to reach the mentioned target🎯. Keep watching.
Disclaimer: this is for educational purpose only.
Nifty Hourly charts and the Rohits Momentum now share a positive bullish divergence and one more buy signal afterward. Minor wave ii? Everytime you do not get a V shaped recovery but price action is a process that you have to follow with all the arsenals you have in Technical Analysis.
SAIL is creating a base again to be a bulllish RAIL ---------------------------------------->
As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a...
momentum rsi study
hourly=76 > 4h=73 > daily=70 > weekly=68
all big time frames above 55mark
as per this parameter - stay long till
daily rsi close is above weekly close
weekly time frame can be kept
as support trend line for long
rounding pattern neckling cross on 4hour tf
weekly chart below for reference
Benchmark Nifty continues to rally ahead with another positive daily close to inch close to 14,500 in yesterday’s session. Prices on the 75min charts have very well now entered back inside the rising channel, a recent break below which has raised possibilities of a correction. There is no signs of reversal or negativity from prices at the current juncture, but...
MOMENTUM/SWING TRADE IN TATA MOTORS
JAN FUT
STOCK CONSTANTLY TAKING SUPPORT ON 20-DMA
CROSSING 50-DMA TODAY(WAIT AND WATCH)
RISING 20-DMA+RISING 50-DMA WITH AN OPEN INTEREST BUILT-UP
BUY@178.5 (IF CLOSING ABOVE)
STOP@174.5
TARGET@184.5
LOT:2000
QTY:1
