There is a long consolidation or sideways price action seen within parallel channel, when it has given breakout, there was a good intensity of volume at breakout candle, also it was along with trendline breakout in (RSI) relative strength index too, so it was double confirmation as per channel breakout, target should be equal to depth of channel, which was...
Buy entry around 168 SL below 162. Initial target 1:2
Apollo Hosp Cmp 4165 dated 25.10.2021 1. Bullish Engulfing Candlestick formation at the support. 2. RSI divergence. Buy for a tgt of 4250-4315-4385-4450-4570 SL 4050 It is just a view, pls trade at your own risk.
ICICI Bank Long Gap up breakout with RSI confirmation 50 day EMA is strong support zone Buy at CMP- 745 or around 735 SL- 704 Target- 790, 820 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Hidden Bearish Divergence This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). By now you've probably guessed that this occurs in a DOWNTREND. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
SUNDARAMFIN :: LONG BUILDUP (Price, Volume & Momentum picking up) ---------------------------------------------------------------------------------- -- Buy when price sustains / retraces above 2550 -- Sell below 2380 (ST) or below 2290 (LT) -- Trail using FIB Levels or SuperTrend Indicator Reasons for increased...
Shriram Transport Cmp 1491 dated 21.10.2021 1. Inverted HEad & Shoulder BO @ 1470 Buy for a tgt of 1525-1600-1720 SL 1415 It is just a view, pls trade at your own risk.
Fortis :: LONG Buildup Low Risk ------------------------------------- -- Buy at Current Levels 255 - 265 -- Initial S/L 245 for ST Traders ( 232 for LT) -- Add more when price sustains or retraces to FIB levels above.. -- Trail S/L using FIB Levels or SuperTrend indicator Reasons for increased probability:: ---------------------------------------------- --...
Price taking support from old support level. first target old high initial SL below previous swing low. RR more than 1:2. ! PA to watch.
IPCALAB near fib retracement and long term resistance level with bullish MACD crossover. If the stock closes above 2455 with good volume, then long entry can be taken for the targets, 1. 2560 2. 2650 3. 2780 4. 2880+ with stop loss near 2250. Note: Not a recommendation, just my analysis for learning purpose.
463 is a new support, but since it was a sudden gap up we can expect a gap-filling and hence a downtrend is expected. The RSI reached 90s level and hence overbought zones and it sustained for many trading sessions in a row; the correction was long due. But post-correction the uptrend can be expected to continue. Bollinger bands are supportive.
This is what I currently see in the price BTC/USD. It got a rejection on the 58K level (Red box which acts as resistance). The next major level of support is 53.5K approximately. It also shows confluence with the 0.236 fib level. If I'm going to enter I'm planning to place my orders at around: 53.6K 52.6K 51.5K 50.8K 49.8K 48.6K I would place the different...
ALERT : BUY ABOVE 2660 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...
Triveni forming a cup and handle, it's touching all-time high, fib R2 breached in the daily timeframe. Good fundamentals, Ethanol and hydropower generation catalyst
AUTOAXLES :: LONG Buildup ----------------------------------- Good Entry levels 1390 - 1400 Initial S/L - 1205 Target 1560+++ Many positive Technical signs -- Trendline reversal, RSI breakout, recent Parallel channel breakout. Trail your S/L using SuperTrend Indicator and ride the trend.. Stock went thru Long consolidation,, so one may expect Large Reward if...
Back of BARODA is constantly taking support in some range and in consolidation zone. It suppose to give bullish Breakout. Buy and hold this stock
IIFLWAM - LONG Buildup & MOMENTUM PICKUP ------------------------------------------------------- :: Buy if price sustains 1650 levels with Volume :: Initial S/L - 1530 :: Momentum Pickup seen in RSI :: Good buying pressure btw 1530 - 1575 levels /** Caution : Smallcap stock... Prefer allocating <5% of your capital. And consult your financial advisor to know...
In case of AFFLE India, in the daily chart frame, we can observe the price made a lower low before finally making an upmove from 3800 to 4350. However the RSI made high lows which is the complete opposite of the price movement. This indicated that the buyer strength was increasing even with the drop in price. How should one trade? One should go long with a SL...