Oscillators are popular and widely used because they are leading indicators that can signal a possible trend change that is yet to start. This type of indicator oscillates between two limits, above and below a midpoint and its value helps to gauge the strength and momentum of a trend. Oscillators also typically signal if a market is overbought or oversold (meaning price is unjustifiably high or unjustifiably low), which could point to a reversal of the trend. This could be used to determine when to close open positions.
Oscillators work best in ranging markets because in trending markets they can show overbought or oversold conditions too soon. Common things to look for are a midpoint cross, approaching maximum or minimum value and regular or hidden divergence. Oscillators are usually plotted with a line or histogram. There are many oscillators such as the Relative Strength Index, the Stochastic Oscillator, the True Strength Index and the Ultimate Oscillator.
1) Bearish divergence
2) Double bottom - buy at bounce back -- SL 490
3) Both SUN and ZEE has been posting strong ad revenue growth and good bottom line but stock has been under performing to squeeze out weak hands
4) Consumer companies have been performing well, which gives strong visibility of revenue growth for atleast 1 year
It seems profit booking may drag NIFTY B to 27500 in 3-4 sessions. Three indicators are confirming these:
1. Renko Daily chart (Brick size = 38)
2. RSI (14) hitting the upper threshold.
3. Aroon Down (Red) crossing Aroon Up (Green).
Once can take a position to gain 600-650 bank nifty points.
1) Not able to break 580-- bearish divergence
2) Bank trade at 3.4x P/B and has been showing good performance
3) It is likely to show dip in price due to BANK NIFTY bearish view
4) Any dip should be used to buy
DALMIABHA can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar after pin bar.
MACD also confirms an up trend and facing up and also above zero line.
Risk Reward 1:2.
We have another example of a double bottom very near levels as low as 1 year ago, and it is also below the 88.6% Fib of last rally.
The OBV is very high, MACD with a confirmed divergence and Willy left the oversold area and also confirmed a “W”.
A small trade could be made near the W confirmation level of 1196 sat, or try and get your orders filled in a small ...
We have other suggestion, this time Stratis that made a double bottom very near the 2nd All Time Low, and it is also below the 88.6% Fib of last rally.
The OBV is rolling upwards it´s EMA, confirming also a double bottom. MACD just confirmed a divergence. Willy left the oversold area and also confirmed a “W”.
A small trade could be made near the W confirmation ...
Lunyr is presenting itself in a good position for a possible good trade. It´s current price touched the low of the last April rally and made a confirmed a double bottom.
There was a pullback from those levels and we made a small investment in the 0.00115979 level (between 61.8%-78.6% Fib of that pullback).
The OBV is very high, although still with low volume, the ...
In Hourly, price closed near the price range that acted as a support during the day.
1. USDCAD did a breakout and then pulled back to 1.30790 Levels on weekly charts.
2. Price has a nearby support of 61.8 % Fibo Level on Weekly.
3. Stochastics - Oversold on Hourly.
Lastly, risk and reward is pretty favorable, I will wait to see how it reacts at the opening ...
1: HDFC Bank Monthly, Price making Higher high
2: RSI Making Higher low
3: Safe until stock breaks 8 EMA (Not in this pic) on Monthly closing basis. Short term investors can tighten their trailing stopsNSE:HDFCBANK
IDBI going to the new heights!
Go Long on IDBI Bank on monday.
Reasons for Long
1. Stocastic - Oversold
2. RSI - Oversold
3. Morning Star Formation ( Great success rate)
4. Bounced from the trend line
Any opening above 54 can lead to 60 within 2 weeks time frame.
Retraced to almost 61.8% of the rise from 16th May to 15th June
- Targets= 278/284/289/295/303 (futures prices July contract)
- SL below 252 closing basis (futures prices July contract)
Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL.
Disclaimer : All ideas are my personnel view. Please take financial consultancy ...
The script has closed at 1475.40 and it shows potential of going further up.
20 Day EMA is above 50 Day EMA and is facing up.
RSI is above 50 level and facing up.
MACD has given positive crossover above zero which again is positive sign.
If you do further analysis, 10 week EMA is above 30 week EMA and facing up.
You should Buy @ CMP (1476) For the target of ...
