Oscillators
PionDist buy possibilityBuy possibility in pioneer distilleries
entry cmp 151
SL below 148
Target 1:2 RR
TATASTEEL: Starting a Bearish Trend"
TECHNICAL ANALYSIS OF NSE:TATASTEEL
The LAST CLOSE PRICE of NSE:TATASTEEL is 1113.4 . The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 1162. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1097.45 with RESISTANCE 1 and RESISTANCE 2 at 1172.3 and 1205.3 respectively. The Key 50% FIBONACCI LEVEL stands at 1148.55 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 35.5 and 22.96 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 11.42 and 5 at 15.12 along with HISTOGRAM showing values of -3.66, the STATUS is clearly BUYING CROSSOVER.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.41 and -0.69 with DOWNTREND as UPTREND. 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 -0.1659 the STATUS is OVER BOUGHT.
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 18.71 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : BUY ."
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.
AMARA RAJA BATTERIES WEEKLY SUPPORTIf It Sustains above 730 it can give a good target of 1000.
Low-risk High-reward
Fibonacci Support
RSI Support at 30RSI
700 psychological Level
Upper Trendline Break
Bottom fishing in UJJIVAN?!UJJIVAN has touched its Mar'20 Covid low of 125 and has bounced off the 125 support with heavy volume. We also see bullish divergence in RSI. An ideal candidate for bottom fishing! Buy here for maximum profit potential.
Less risky players can wait for higher low on the Daily chart before initiating long trades.
Signs of Exhaustion in DJI The above chart is that of daily timeframe of DJI. We can see that the index has been following a long term support trendline from which it has taken support 5 times. This shows that the support may be weak now and it will be easier for sellers to break the support if the index moves any closer to the support. In addition, we can see that the RSI is flat to negative even when the index is making higher highs and higher lows. This signifies that even though the index is moving up it is not being supported by good buying strength.
The index thus is showing signs of exhaustion. Thus the index may either consolidate at these levels or breakdown below the support trendline. Only when the index moves higher and considerably away from the support trendline supported by healthy RSI, one should go long.
What should we do?
If the stock consolidates for a considerable amount of time, and breaks out then only we should go for buying. Otherwise we should look for selling since it looks like a good selling opportunity.
This is not a recommendation. It is a simple analysis employing only trendline and RSI Indicators. The index may not perform as predicted.
#1 RSI(Relative Strength Index)100%Work# WE WILL MAKE ONLY PROFIT
#The relative strength index (RSI) is a popular momentum oscillator developed in 1978. The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
#What Does the RSI Tell You?
The primary trend of the stock or asset is an important tool in making sure the indicator’s readings are properly understood. For example, well-known market technician Constance Brown, CMT, has promoted the idea that an oversold reading on the RSI in an uptrend is likely much higher than 30% and that an overbought reading on the RSI during a downtrend is much lower than the 70% level.1
As you can see in the following chart, during a downtrend, the RSI would peak near the 50% level rather than 70%, which could be used by investors to more reliably signal bearish conditions. Many investors will apply a horizontal trendline between 30% and 70% levels when a strong trend is in place to better identify extremes. Modifying overbought or oversold levels when the price of a stock or asset is in a long-term horizontal channel is usually unnecessary.
A related concept to using overbought or oversold levels appropriate to the trend is to focus on trade signals and techniques that conform to the trend. In other words, using bullish signals when the price is in a bullish trend and bearish signals when a stock is in a bearish trend will help to avoid the many false alarms that the RSI can generate.
#Example of RSI Swing Rejections
Another trading technique examines the RSI’s behavior when it is reemerging from overbought or oversold territory. This signal is called a bullish “swing rejection” and has four parts:
1. The RSI falls into oversold territory.
2. The RSI crosses back above 30%.
3. The RSI forms another dip without crossing back into oversold territory.
4. The RSI then breaks its most recent high.
As you can see in the following chart, the RSI indicator was oversold, broke up through 30% and formed the rejection low that triggered the signal when it bounced higher. Using the RSI in this way is very similar to drawing trend lines on a price chart.
IF YOU NEED ANY HELP JUST COMMENT OR MESSAGE M😊😊