Swing Trading Opportunity in Col-PalAfter giving good breakout of 1640-1680 Resistance zone, Col-Pal is retesting this zone for the 2nd time. But even after huge sell-off, price is sustaining and forming double bottom at the Support Zone. Price is also taking Support at 40 RSI and 50% Fib level. If Daily candle closing above 1680, we can initiate buy for Target of previous swing high of 1820 and Stoploss of 1620.
Oscillators
PVR Ltd Cmp 1324 dated 28.8.2021PVR Ltd Cmp 1324 dated 28.8.2021
1. Rectangle Pattern has taken reverse from its
support @ 1288.
2. RSI Divergence.
Buy for a tgt of 1350-1385-1430-1460 SL 1285
breaking above 1460 tgt 1625
It is just a view, pls trade at your own risk.
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.