Oscillators
HDFC BANKTime frame is 15 min @support. As per my strategy CCI & RSI above 0 is bullish and below is bearish. Just need a basic understanding of support and resistance no fancy foolishness. As per as the chart it seems like it will be near support and if the support is taken one must enter a long position with a very small SL. Regarding my trades I will short this as I prefer to trade in probabilities and only one side of the market and that is short side because I love gravity.
THINKKINK Bullish Signals AND Trading Targets 📈 BSE:THINKINK THINKKINK PICTUREZ LIMITED Technical Analysis and Trading Recommendation 🎬
🔍 TKPL is trading on BSE at INR 83.78, near the crucial Fibonacci level of 0.5, and showing an upward trend 📈. The EMA and MA indicators have experienced a bullish crossover 🤝, signaling a possible short-term uptrend. The Parabolic SAR is also in favor of bulls 🐂, suggesting positive price momentum may continue.
🎯 Trading Recommendation:
Entry: Buy TKPL at or above INR 83.78 (current price) 💹
Target 1: INR 85.93 🎯
Target 2: INR 84.94 🎯
⚠️ Keep an eye on the stock for a breach of the Fibonacci level upwards before initiating a long position. Don't forget to place a stop-loss order below the recent swing low to protect your capital 💰.
❗️Disclaimers and Disclosures:
This message is for informational purposes only and is not investment advice or a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing in securities carries risks, including the risk of loss of principal. Always conduct your own due diligence and consult with a professional financial advisor before making any investment decisions.
Technical Analysis Engineers India LimitedThis is a technical analysis report on NSE:ENGINERSIN Engineers India Limited (EIL), a leading engineering and consultancy firm in India.
Technical Analysis Summary:
EIL is currently trading at INR 77.05 (as of 18th April 2023, 2:26 p.m.).
The stock has recently breached its 50-day moving average from the bottom upwards, with the 0.618 Fibonacci retracement level acting as resistance.
Stochastic RSI indicates overbought conditions with KD values at 95.64 and 94.46, respectively.
MACD suggests a positive uptrend, while Williams %R is above the -14.56 level.
Based on our technical analysis, we recommend the following:
Buy Recommendation:
Target 1: INR 78.35
Target 2: INR 80.45
Stop Loss: INR 75.05
Please note that these recommendations are based on our technical analysis and should be considered along with other factors, such as market conditions and the company's fundamentals, before making any investment decisions.
Outlook:
The current technical indicators suggest a bullish trend in the short term for Engineers India Limited. However, investors should closely monitor the stock and adjust their positions accordingly, considering the overbought conditions indicated by the Stochastic RSI.
Disclaimers and Disclosures:
This report is for informational purposes only and should not be construed as a solicitation or offer to buy or sell any securities. Finogent Solutions and its analysts may have positions in the securities mentioned in this report, and any such positions are subject to change without notice. The information and opinions presented in this report have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. The views and opinions expressed in this report are those of the analysts at Finogent Solutions and may differ from the views of other market participants. Please consult your financial advisor before making any investment decisions.
Nifty 50 Visualizer is BEARISH!⚠️Attached: Nifty 50 Daily Chart as of 19th April 2023
In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things:
1) Trend Lines
2) Fibonacci Retracement
3) RSI
This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation:
- Notice how Price has reacted around the Trend Lines and the Marked Arrows indicating the same
- Price has stalled at 0.5 Fib Retracement of the Decline that started in December 2022
- Daily RSI has failed to surpass the 65 level, within the territory of a Bear Market Rally
Based on the above weight of evidence,
Price can potentially see a Decline back down to the Next Trend Line Support which also coincides with the Unfilled Gap Area
TCS Long: Double Bottom & RSI DivergenceNSE:TCS is trading at its important weekly support level.
On Daily chart it has formed kind of Morning Star Candlestick Pattern & Double Bottom Price Action Pattern.
Positive RSI Divergence is also seen.
Volume is still rising, which suggests that there is more upside potential for the stock.
Support- 3100
Resistance- 3275/3400/3575
MACD: Bearish or Negative Divergence1. What is a divergence ?
a) A divergence takes place when the MACD indicator (or any other technical momentum indicator) contradicts price.
b) A divergence is often seen as a sign that the current market action is losing its momentum and weakening, meaning it could soon change direction.
c) One of the most common problems with divergences is ‘false positives’, which is when the divergence occurs but there is no reversal.
2. What happens generally post a divergence ?
The price market makes an all-time high and the MACD indicator below makes a lower high. This is another excellent reversal trade opportunity and you can see for yourself what happened with price after the event.