Oscillators
A falling wedge breakouthey traders,
So today i am seeing a falling wedge breakout which is a bullish sign one can take a trade at current levels or after retesting the breakout 2H/4H chart ADX and RSI are showing strength
RED lines are target or as per risk apetite and yellow line is for stoploss
Hold for some day LIC IPO can trigger for further upside
And before entry do your own analysis before jumping
Repcohome Long (1 Feb)Repcohome Long (1 Feb)
RSI- 51
Bullish harami candle stick pattern
Hammer at 20 Day EMA
RSI Divergence
Buy at CMP- 267
SL- 254
Target- 292, 305, 320
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
PNB Buy on Dips with Multiconfirmation indicates Bullish TradePNB Daily Chart
Reason for Bullish view :
1. Multiple Entry on Trendline indicates Buy on Dips. Refer Green Up Arrow.
2. Candle above 200 Moving average indicates bull run about to start for long term.
3. Daily Trendline break out with 200 MA breakout indicates confluence Trade so entred at 39.55
4. RSI Bullish Divergence in Daily Time Frame indicates Bulls are in Power.
5. RSI value above 60 indicates strong momentum.
6. Overall Momentum is Bullish
View : Bullish for long Term / Medium Term / Short Term
Buy @ 39.55
Stop Loss @ 38.00
Target1 : 41
Target2 : 43
Target 3: 45
Target 4 :48 +++++++++++++++++++++++++++++++++++++++++++
Breakout in Tata MotorsClear breakout in TATA Motors on a daily and weekly basis.
Tata Motors already filled the gap and made strong support. You can buy it at Rs 495 and in short term, it will go to Rs 512.
Once it will cross the Rs 514 then it can test the level of Rs 536 and after that, if it breaks the Rs 536 level then it will move towards the sky.
# Stay Safe, Stay Healthy and Keep Investing #
Bank Nifty Continues to Lead the rallyStarting December banking stocks are leading from the front, and there is a change in trend. Banks surpassed yesterdays high ahead of Nifty and the Rohits Momentum on hourly had a clear buy signal that did not whipsaw like it did on Nifty. Banks should continue to outperform the Nifty in the days weeks ahead and for 2022 as a whole in my view.
And Now a Positive Divergence in hourly NiftyNifty Hourly charts and the Rohits Momentum now share a positive bullish divergence and one more buy signal afterward. Minor wave ii? Everytime you do not get a V shaped recovery but price action is a process that you have to follow with all the arsenals you have in Technical Analysis.
Signals Change view do NotThe hourly Rohits momentum indicator gave abuy signal that failed and flipped back to sell, which allows for risk management by traders but that does not change the Elliott Wave view that we are in wave II. That requires deeper thinking and observations. The only alternate is wave 5 was truncated and the recent top ended an 18-month bull phase. Time will tell which is right.
Swing Trade for Long Position Near Resistant If CESC Sustain above 93.05 and closes then there is a good chances of achieving the TG1 95.80-96 & TG2 98.35-98.70 with the stop Loss of 90.80-90.60 which ever is suitable according to you
And if you see Weekly Candle then it closed above 92.15 which is a good signal, My prediction is that if it breaks 93 then we will see a good move with in few days. even RSI looks good.
But The last candle formed on 14 jan is hammer and it a sign of trend reversal as well so dont get trapped.
Note: I Dont have mastery in technical analysis, do your own Analysis as well i am just sharing my view. I'm open to new ideas and flaws in my analysis, so please do comment and share your Views.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Thank You