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Momentum Oscillators

PVRINOX Going to Breakout, All details sharedI have been observing an increasing momentum in PVR INOX and Along with this increasing momentum PVR INOX has also closed above a crucial resistance on Thursday, breaking out of a range between 1350 and 1400. This stock has been in this range for a period of 1 month, therefore its breakout indicates a good rally. Defintely buy PVRINOX for short term move. Entry Price 1400 Stoploss 1380 Target 1480 Happy Trading Yamini Prabu NSE, NISM Certified TA Independent Trader and Trainer
NSE:PVRINOXLong
by Yamini_swingtrader
SAIL IS GOING TO BE A RAIL AGAINSAIL 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 swing/positional trade after few days) FOR INTRADAY TRADERS( only for 31-05-2021) 1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame). 2- Also , since it came again to support, so it can jump again as momentum is increasing. LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share....... Happy Trading ..... :)
NSE:SAILLong
by aufficial
4
Nifty: Extreme Bullishness @ 14,500 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 readings on momentum are quite extreme. Such readings generally do lead to some slow down, not necessarily reversal. The index will test 14,500 and may slow down to consolidate. Immediate supports are at (14,380-14,400). Strategically for short-term traders, it makes sense to stay bullish and look for momentum breakouts on the upside. Trade Well. Trade Wise.
NSE:NIFTY1!
by Abhijit_Paul
2