HDFCBANK: Starting a Bearish trend "
TECHNICAL ANALYSIS OF NSE:HDFCBANK
The LAST CLOSE PRICE of NSE:HDFCBANK is 1492.5 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 1497. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1525 with RESISTANCE 1 and RESISTANCE 2 at 1473.1 and 1448.65 respectively. The Key 50% FIBONACCI LEVEL stands at 1452.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values 90.48 and D as 62.29 and 48.05 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 5.54 and 74 at 7.08 along with HISTOGRAM showing values of -1.54, 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 0.28 and -0.24 with UPTREND 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 -0.2809 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 25.99 which signifies its Price Level to be OK.
>>> 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.
Oscillators
Alembic Pharma APLLTD—good potential long?A lot of things going on with NSE:APLLTD .
Trendline break is evident, but we can also see the stock holding well above the 50 and 200 DMAs. The volume looks very healthy, too. To add, RSI has just crossed above 60. The ~1032 level has proven to be a stiff resistance up till now.
I'm already holding this stock, so no fresh position for me, but it's definitely got my attention, now more than ever ;)
HDFCAMC: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:HDFCAMC
The LAST CLOSE PRICE of NSE:HDFCAMC is 2947.95 . 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 2946.8. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2968.08 with RESISTANCE 1 and RESISTANCE 2 at 2864.65 and 2796.85 respectively. The Key 50% FIBONACCI LEVEL stands at 2916.82 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values 41.37 and D as 7.16 and 6.12 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 24.28 and 6.06 at 42.69 along with HISTOGRAM showing values of -18.21, 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 -1.23 and -0.95 with DOWNTREND as DOWNTREND. 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 -0.8285 the STATUS is OVER SOLD.
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 47.42 which signifies its Price Level to be TOO EXPENSIVE.
>>> 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.
BBTC: Following a Bearish Trend"
TECHNICAL ANALYSIS OF NSE:BBTC
The LAST CLOSE PRICE of NSE:BBTC is 1303.65 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 1303.65. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1424.95 with RESISTANCE 1 and RESISTANCE 2 at 1187.95 and 1128.25 respectively. The Key 50% FIBONACCI LEVEL stands at 1274.9 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values 62.31 and D as 7.37 and 10.33 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 24.62 and 41.5 at 30.41 along with HISTOGRAM showing values of -5.79, 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 -0.83 and -0.44 with UPTREND as DOWNTREND. 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 -0.8201 the STATUS is OVER SOLD.
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 24.61 which signifies its Price Level to be OK.
>>> 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.
ATUL: Following a Bearish Trend"
TECHNICAL ANALYSIS OF NSE:ATUL
The LAST CLOSE PRICE of NSE:ATUL is 8790.4 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 8790.4. From here, the Key Support and Resistance levels are SUPPORT 1 at 8982.75, SUPPORT 2 at 9143.6 with RESISTANCE 1 and RESISTANCE 2 at 8462.6 and 8071.8 respectively. The Key 50% FIBONACCI LEVEL stands at 7747.5 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 1.87 and 11.49 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 139.17 and SIGNAL at 173.78 along with HISTOGRAM showing values of -34.68, 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 -0.43 and -0.17 with SIGNAL as DOWNTREND. 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 -0.5985 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 39.76 which signifies its Price Level to be TOO EXPENSIVE.
>>> 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.
DABUR : Bearish trend has started.TECHNICAL ANALYSIS OF NSE:DABUR
The LAST CLOSE PRICE of NSE:DABUR is 566.65. The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the C LOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 566.25. From here, the Key Support and Resistance levels are SUPPORT 1 at 567.74, SUPPORT 2 at 503.94 with RESISTANCE 1 and RESISTANCE 2 at 558.2 and 551.15 respectively. The Key 50% FIBONACCI LEVEL stands at 551 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 53.51 and 34 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 9.02 and SIGNAL at 7.81 alongwith HISTOGRAM showing values of 0.9, the STATUS is clearly SELL CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 1.23 and 2.02 with SIGNAL as DOWNTREND . 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 -0.3684 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 59.33 which signifies its Price Level to be TOO EXPENSIVE.
>>> 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.
Bearish divergence on PELThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
Yesbank - Trendline Breakout It has been observed that the price action breaks out above the 6 months trendline and confirmed the breakout by re-testing of trendline by forming a bullish candlestick. The breakout is also confirmed by the RSI Bullish Divergence. Therefore, price action is expected to go further up from here on. T1-17.5, SL 14
📉 Your Ultimate Guide to RSI Divergence (Settings & Tips) 📈
Hey traders,
Relative strength index is a classic technical indicator .
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change .
Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tip s:
💠First of all, let's start with the settings .
For the input , we will take 7/close .
For the levels , we will take 80/20 .
Then about the preconditions :
1️⃣ Firstly, the market must trade in a trend (bullish or bearish)
with a sequence of lower lows / lower highs (bearish trend) or higher highs / higher lows (bullish trend).
2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows.
3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead.
➡️ Once all these conditions are met, you spotted RSI Divergence .
A strong counter-trend movement will be expected.
Also, I should say something about a time frame selection .
Personally, I prefer to apply it on a daily time frame , however, I know that scalpers apply divergence on intraday time frames as well.
❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal.
❤️Please, support this idea with a like and comment!❤️
NIFTY - RSI NEGATIVE DIVERGENCENifty again hits ATH today but the price slided afternoon.
1. In hourly chart, nifty clearly forms a negative divergence in RSI which is a negative sign.
2. It is travelling in a parallel channel, the price hits the top end of the channel and slided slightly.
considering those two factors, nifty might retouch 15600 levels, lets wait and see tomorrow.
Another Triangle Breakout on the handsSince March 21 CDSL is making higher high's and higher lows,during consolidation triangle pattern is formed and till now it has successfully given breakout on the upside of 4 previous triangles.We are in a fifth triangle.
Average time taken by previous triangles to form: 9.25 days
Average return from triangle breakout:14-15%
Maximum time taken after breakout: 4 days.
Looks like fifth triangle is about to mature.If on monday prices trades above 985,than longs can be initiated with a stop of 950 and tgt of 1085.
PS:look how volumes get's dried up in triangle each time and every price breakout has been supported by volume expansion.
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
Eicher Motors breakout retest with RSI 60—a good long candidate?NSE:EICHERMOT is retesting its breakout zone with RSI at 60 and support at 13DMA (not pictured here). FIB extension targets are highlighted. First resistance can be 2800 (also happens to be 23.6% FIB). A few auto stocks seem to be in momentum and have retraced so the sector seems to be in a good mood, too.
If we observe, Eicher had formed an H&S, took support and is now retesting around the left & right shoulder levels.
Stop can be placed below 2700, around 2670-2680.