Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of fluctuations of both price and volume. Because a Moving Average is a lagging indicator and reacts to events that have already happened, it is not used as a predictive indicator but as an interpretive one for confirmations and analysis.
in charts we can yesbank strong support s1 230 if it breaks then we see next support is s2 200 .
if s1 not break we see some short covering after fall first resistance is r1 254
heg charts now consolodate period in rectangular pattern breakout and trend line resistance closing above 2300 we can go for long postional.
buy heg above 2300 target 2448, 2775 sl 2200 closing
I had given LONG signal at price 1805 (denoted by Blue Arrow) here. It's over 60% up since the signal.
There's high moon volume incoming in FET as seen since 5th candle after my signal.
The OBV and RSI are again getting higher lows. Plus there's rising sentiments over Twitter.
Advice: Don't sell BINANCE:FETBTC below 2200. Next target is 3500 which can be...
I had been drawing this chart since FET touched the low but couldn't publish.
There's bullish divergence on RSI and OBV as seen in my chart. The technicals really look bullish to me.
Talking about the fundamentals, FET is a very good project - most of the code is written in C++ and that shows the expertise of the team. It's currently above 300 in MCAP and I...
Looking at Maruti Suzuki India Ltd chart for 8-9 month time horizon we have found it bullish from lower level. Its taking strong support of 200 SMA & EMA. Buying can be initiate in the rang of 6700-6720
INVESTMENT RATIONALE:
TECHNICAL ANALYSIS
1) RSI showing buying single
2) Trading above 200 SMA & EMA
3) Trading with good volume
FUNDAMENTAL ANALYSIS
1)...
Break Down.
Break Below EMA.
Below 23.6% Fibonacci.
Weak Below 869.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
NIFTY50 INDEX on verge of possible Breakout to New Highs - Immediate Supports at 11500-11600 followed by 11300 Levels.
Failure to hold above 11000 could result in the NIFTY50 seeing much Lower Levels.
RELIANCE positional long close above 1410 for target 1480 sl 1360 closing base. reliance respect trendline support and also macd bullish cross over generate so go long reliance
Multiple Break Out With Volume.
Other Details Mentioned In Chart.
Trial SL Once In Profit.
Investment View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
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