Bpcl Defies All OddsAfter a bloodbath of a week, the markets are recovering and after a 15% fall, BPCl has taken support on its long term support with a high volume bullish candle
Moving average does not say much.
Stochastic RSI is also in the oversold region giving a long bias.
T1 Is the short term target
T2 is the Long term target
Stop loss below the support level.
Keep It Simple
Oscillators
United Breweries 1669 dated 12-10-2022 BULLISH PIERCING CANDLEUnited Breweries 1669 dated 12-10-2022
1. Bullish Piercing Candle @ support Line
2. RSI Reversal
Buy @ 1670 for target of 1705-1735-1750 SL 1630
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.
Jubilant Food Cmp 604 DATED 12-10-2022 DOJI CANDLEJubilant Food Cmp 604 DATED 12-10-2022
1. Doji Candle @ support line
2. RSI reversal
Buy above 606 for target 615-625-635 SL 590
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.
Bajaj Auto 3528 dated 30-09-2022 BOTTOM CATCH DONT MISSBajaj Auto 3528 dated 30-09-2022
BOTTOM CATCH DONT MISS
1. Triple Bottom made @ 3460 (Support)
2. 3 times Reversal from Support
3. Super RRR (Risk Reward Ratio)
4. RSI reversed from oversold zone of 20
Buy @ CMP for target 3595-3695-3780-3800 SL 3460
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.
SBI Long TradeSBIN has completed A-B-C Correction and new impluse may start.
There are divergences seen in RSI which indicated seller are losing strengths.
There was also short covering in October futures which is also buy signal as people who were short in SBIN are booking there profits and buyer making new buying position.
Traders are requested to do their own analysis and please put comment.
Please give like and follow my Channel for more ideas and educative information.
ASIAN 'PAINT' ready to break 'PENNANT' !!!ASIANPAINT is ready to breakout from a decent consolidation which was
under construction for more than 1 month.
It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.
The rising RSI further confirms the strength of the stock.
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 !!!!!
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.
✅Like and follow to never miss a new idea!✅
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.