Oscillators
SBILIFE: Time to exitSBILIFE was entered on21st May , since then the stock has rallied to 17.5%. Lately there has beena development of weakness in the RSI as depicted by the negatively diverging lines on price and RSI on the hourly chart. In order to safeguard the capital and protect profits, I suggest it is best to book out at this point.
NSE:SBILIFE
IDFCFIRSTB Looking BearishANALYSIS : Head and Shoulder Pattern + RSI Resistance at levels near 40
ENTRY : Below 53.75
EXIT : 1D candle closing above SL
TARGET : 45.1
STOP LOSS : 55.05
TIMEFRAME: 1-3 months
R2R RATIO : 5.63
Trade Execution :
Sell NSE:IDFCFIRSTB1! ~ 2.4 Lakhs
Buy Options - July 45 PE ~ 2K, Aug 45 PE ~ 5K
INDUSIND Bank- Rounded Bottom in Daily Charts & Morning Star The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart.
Other Indicators also indicate Upside Movement (RSI & MACD)
Recent Breakouts of Nifty Will also help push this stock price.
NTPC: Analysis "
TECHNICAL ANALYSIS OF NSE:NTPC
The LAST CLOSE PRICE of NSE: NTPC is 116.15 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 116.15. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 121 with RESISTANCE 1 and RESISTANCE 2 at 114.4 and 112.6 respectively. The Key 50% FIBONACCI LEVEL stands at 114.4 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 22.88 and 29.76 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 1.68 and 40.72 at 2.11 along with HISTOGRAM showing values of -0.43, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.21 and 0.33 with DOWNTREND as TREND CHANGED TO BUY. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.5988 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 7.8 which signifies its Price Level to be VERY CHEAP.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow Market Open above on Last day 15 min candle high and taking Support 34540 Then Go Long for 34870.
If Market Open Below 34540 Then Go Short Upto 34295 and if this level Break then Target will be 34063
Avoid Trade if Market GO SIDE WAYS IF GIVEN LEVEL BREAK THEN TAKE TRADE
Only fOR Educational Purpose
Analysis Purely Based On PRICE ACTION
How can i earn money by selling my own script in TradingViewi have created my own script. I'm just curious how can i earn money from them. Its results are fantastic
No of trades - 102
Net profit - 350
Time Frame - only 5 Mins
Date Range - 4 months. ( only 4 months data is available in TradingView for 5 Mins)
Bitcoin Making RSI Divergence Pattern- Possible BreakoutsFollowing chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
SUNTV: Short term & Mid term view- BullishMonthly MACD crossover happened but the stock price not reacted and all my indicators are showing bullish on this stock. Daily MACD crossover also may happen on upcoming days. ADX trend is getting strong but price not moving much. It can shoot up on upcoming days. Price may move more than the target levels bcaz of the bullish signals in monthly chart.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
current wave countCurrent Count
Cycle: wave 3
Primary: wave 4
Intermediate: wave C
Minor: wave 5
Minute: wave 5(Expanding Diagonal)
Current Structure: Irregular Flat or Elongated Flat
Logic for Irregular Flat
Primary wave 3,Intermediate wave 4 @ 900
Primary 4, intermediate wave A 138% extention from wave b top @ 900
Primary 4, intermediate wave B 123% retracement @ 906
RSI divergence with price from last two lows.
Incase of this being an elongated flat there is 161 extention of Primary 4, intermediate wave A @ 823 and 138 retracement of Primary 4, intermediate wave B @ 837 and 38 retarcement of primary 3 @ 855
Further from here we can see bounce in form if wave x in case of this being a double correction(which is highly likely)as this being a primary 4 or price can take out primary wave 3 high in case of bounce being an primary wave 5.
One can build position once 2-4 trendline get's broken along with wave 4 high @ 1027.
target's can be calculated using retracement of intermediate wave c,if it crosses 61.8% then we can conclude that wave 4 is done and current bounce being an primary wave 5,if it fails to clear 61.8% retracement level then we can assume this bounce to be wave x of double correction.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis