Renuka Sugar Short Double top formation with momentum on downside.
Renuka Sugar has formed double top formation in daily time frame and Longterm investor should be cautious in this stock as major reversal may happen in this stock.
Momentum on down side is strong as RSI level is below 40 and volumes has been increasing in down trend.
Bullish trade should be avoided in this stock.
Investor should do their own analysis.
Happy Trading !!!!!
Oscillators
Triveni Engineering & Industries LTD - Multiple Indicators 📊 Script: TRIVENI (TRIVENI ENGINEERING & INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500nif
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Sugar / Agricultural Food & other Products
DAILY TIMEFRAME W PATTERN BREAKOUT
WEEKLY TIMEFRAME MACD CROSSOVER AND DOUBLE MOVING AVERAGE CROSSOVER SOON
Key highlights: 💡⚡
This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 291
🟢 Target 🎯🏆 - 339
⚠️ Stoploss ☠️🚫 - 267/260
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
USD/INR Flag and pole BreakoutFlag and pole is continuation pattern.
USD/INR is in up trend since long time and currently it has done break out of flag.
Target 1 is achieved based on size of flag.
Target 2 is pending for achievement and may achieve in upcoming time.
Traders are requested to do their own analysis.
Please mention your view in comment.
Double Top price action in silver 3hourly time frameIn Silver, we have seen double top pattern forming in 3 hourly timeframe.
The double top pattern is reversal price action where prices make almost two equal high from the previous support price levels.
Silver is in down trend in daily timeframe as we can see and rejection from resistance level is good level to short.
There is bearish divergence on top of double top and relative strength index is below 40 level ==> this indicates silver is in downward momentum.
charts shows exepected target based upon short.
Traders are requested to do their own analysis for trading purpose and these view is published for educationa purpose only.
Please do mention in comment box regarding any other view and something need to improve in my posts.
Why am I bearish on IndusTowerHey, check out the trade setup for Industower
All 3 parameters are matched for a short trade.
Trade setup in Futures
Short : 193.10
Stoploss : 201
Target : 170 and 163
Options Trade
Bear Spread
Buy 29Sep2022 195PE
Sell 29Sep2022 190PE
Max. Profit: ₹ +7,280
Max. Loss: ₹ -6,720
COROMANDEL INTL CMP 1045 DATED 22-9-2022COROMANDEL INTL CMP 1045 DATED 22-9-2022
1. Rectangle Consolidation
2. RSI had triangle BO
Buy above 1045 for target of 1065-1095-1150 SL 1015
Pattern Target 1200 SL 990
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
TVS Motor Cmp 1068 dated 21-9-2022 SHOOTING STAR CANDLE AT TOPTVS Motor Cmp 1068 dated 21-9-2022
1. Shooting Star Candle at Top of the chart.
2. RSI reversal.
Sell below 1065 for a target of 1035-1015-1000 SL 1095
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Dr Lal Path Lab Cmp 2333 dated 20-9-2022 BUY@SUPPORTDr Lal Path Lab Cmp 2333 dated 20-9-2022
1. Trendline Support taken & reversed.
2. RSI Reversal
3. Triangle Formation
Buy @ Cmp for target 2365-2450-2550 SL 2250
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
RSI Color Zones by Feroz Usage GuideIt is chart showing how RSI & Overbought & Oversold Zones help visually in finding low risk setups
Example chart Used - Karnataka bank
Indicator Used - RSI Color Zones by Feroz
Indicator link
Note: Not suggesting any Investing/Trade Idea. Its just for Educational Purpose.
Negative Divergence in Nifty Daily on 13th Sept HighNifty Daily creates a negative divergence on 13th Sept, where price attains a HH without RSI follows it (see the brown circles in price/RSI).
Per common wisdom, negative divergence needs to correct below the previous swing low (29th Aug @ ~17200) to correct the divergence.
Now how far?
Well the next Fib support is at golden ratio ~17000.
Just empirical - whatever eyes see in chart.
NIFTY 18K OR 17K ?By the today's horrible move by index it's not easy to digest to anyone that it could fall more rapidly in coming sessions while it already sliced 500 points in last three to four days so I want to find out what actually happened and what could happen next so what I saw is that a bearish divergence is standing over there on the top which acted a resistance as well as and the RSI indictor indicating negative divergence too, And after so many days it breached 20 days moving average and close below that with full bearishness given no recovery at the end of the session closed almost on day lows as well which indicated that fresh shorts happened with full force in it. We can say the that coming Reserve bank of India and united states fed meeting will play a important role in this case study to decide further moves that where it will go and after all global markets are not supported so it will not surprised to me that it will go below 16K one more time.
Conclusion--:: The trend is negative which followed by the indicators and trendline some more downfall often we see after when this type of
chart and negative divergences occurred.
Regards to all mates.
UNO Minda Cmp 592 dated 9-9-2022 ROUNDING PATTERN BOUNO Minda Cmp 592 dated 9-9-2022
1. Rounding Pattern BO @595
2. RSI has Symmetrical triangle BO.
Rounding Pattern Tgt & Fibonnachi 1.618 level has same targets.
Buy for a tgt of 625-775 SL 545
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational
purpose. By no means shall be responsible for
any losses amounting out of it incase if any
trades on it.
It is just a view, pls trade at your own risk.
Titan Cmp 2645 dated 15-9-2022 SELLTitan Cmp 2656 dated 15-9-2022 SELL
1. Dark Cloud Cover Candle Stick (Bearish)
2. Double Top made
3. RSI Breakdown.
4. Trendline Breakdown
Sell below 2645 for a target 2590-2540-2450-
2400 SL 2725
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action. The
above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
lti back in uptrendstock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a strong up trend