Weekly chart shows gold mildly bearish as both VI and stochastics are overbought. But same setup is bullish in daily chart, so it would be safe to sell on a rise.
VI and stochastics on weekly chart are indicating a mildly bearish silver (CL COMEX). It is at a long term support of a trend line that is one and a half years old. It may bounce for few days from here, and that would be a good opportunity to short. Silver is a short on rise unless it breaks above 26.285. which looks very difficult in current setup.
Hind Copper bouncing back from demand zone, The hammer on hourly candle says it all. Price action shows strong upside in near term.
📈 BSE:MAHABANK Technical Analysis (Jan 3, 2024) 📊 Current Price: ₹47.10 INR Technical Observations: 1. Support Levels: • Began the day above 0.50, a key support level. 🛡️ 2. Fibonacci Levels: • Surpassed the 0.618 Fibonacci level, suggesting upward momentum. 🚀 3. Parabolic SAR: • Awaiting a bi-signal for a potential short-term...
NSE:JWL - Technical Analysis Update 🚀📈 Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM) Key Indicators: Parabolic SAR: Buy signal triggered 🟢 Moving Averages: Crossover at ₹323.20 MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76 Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet) %R: -14.14, touching upper...
📈 NSE:INDIANB - January 5, 2024, 12:52 PM Current Trading Price: ₹435.10 🏷️ Opening & Key Levels: Today's Opening: ₹432.40 (Above 0.618 Fibonacci Level) ✅ Near 50-Day Moving Average: Indicating Bullish Trend 📊 Technical Indicators: EMA & MA: No crossover yet 🔄 MACD: Histogram at 0.48, MACD at 0.70, Signal at 0.22 (Positive Crossover)...
Birlasoft is very strong at the moment. Breakout and have follow up candles. In the recent fall, IT stocks are holding strong at the moment. follow the levels for PriceAction. Targets are in Charts
Balkrishna Inds Cmp 2480 dated 21-12-2023 1. Bullish Piercing Candle @ support (Reversal) 2. RSI reversal Buy above 2486 target 2540-2575-2590-2620-2650 SL 2425 It is just a view, please trade at your own risk.
ECAD just fakeout, not yet breakout so the analysis was wrong
NSE:CGPOWER - Technical Analysis Update 🚀📊 Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM) Key Indicators: Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢 Moving Averages: Recent bullish crossover in EMA and MA MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82 Stochastic RSI: ...
H1 already complete it wave now it looking for correction wave A-B C my target it will hit area 2073 at Fibonacci level 2.16
Bajaj Finance Cmp 7328 dated 29-12-2023 1. taking support @ the trendline 2. Triangle pattern small time frame 3. RSI reversal Buy above 7350 target 7450-7550-7650 SL 7200 It is just a view, please trade at your own risk.
Ashok Leyland Cmp 174.25 dated 13-12-2023 1. Support @ the trendline 2. RSI reversal Buy above 175.50 target 180-185-190 SL 168 It is just a view, please trade at your own risk.
Reliance Stock Analysis: Applying the dual bollinger band swing trading strategy to Reliance stock, let's analyze a recent scenario where the conditions were met: Breakout Candle: On Dec 14th, a candle closed above UpperBand (20,1). Volume Confirmation: The volume of this Breakout Candle was significantly higher than the volume of the previous two...
Apollo hospital has been bullish in past 3 days after it formed a positive reversal in the Daily-Time-Frame and took support at 5275 close to the 50 SMA. Today im observing a positive reversal once again in the 1Hr Time Frame. My Entry in Apollo Hospital would be at 5688, with a stop loss at 5653 and a target at 5759. Happy Trading!!
Time for caution in Small cap index. We are at 3.618 Fib extension level. When we attempt to do wave count we can likely see end of wave 5. Also we can clearly see RSI divergence here. While it will not be good idea to buy at these levels. it is better to look at pocketing some profits.
PI Industries Cmp 3401 dated 15-12-2023 1. Doji kind Candle near support 2. RSI reversal 3. more than 10% correction done Risky buyers can buy @ cmp & Safe traders Buy above 3445 target 3500-3575- 3625-3675 SL 3300 It is just a view, please trade at your own risk.
Introduction: NSE:IRCON , a leading construction and infrastructure company, is currently trading on the National Stock Exchange (NSE) at INR 58.55 . This technical analysis examines the stock's recent price action and provides a trading recommendation based on key technical indicators. Technical Analysis: IRCON is trading near the crucial Fibonacci...