Bullish on #RECLTD Target: 113 Stop loss: 93
The chart looks for a good short. Bearish divergence with trend line violation
Add Banknifty at CMP 28800 till 28600 with a stop at 28500 for a move to 30000-30300
If Axis doesn't close below 680 over the next few days, there is a strong possibility of it testing the kijun line at 715.
Recent it create double bottom with reversal candle at major support area as well As RSI below 30.. Above 1185 bullish for 1195,1205,1230 Below 1165 bearish for 1155,1145,1130 Follow us to get more views on your requested stocks & learn technicals *All views for Educational purpose, Trade at your own risk
Beml levels find based on price action and divergence as it created 3 bottom with good bullish divergence wit support of trendline and bullish candles Above 707 Bullish for 714,725,750 Below 685 Bearish for 678,666,640 Critical Zone -685-707
It closed near Fib level and strong bullish candle at BB lower channel with support of trendline , with stoch below 30. Break out of Fib level with stoch trendline expected Bullish ,breakout the major support expected bearish Above 1815 Bullish for 1825, 1845,1900 Below 1785 Bearish for 1775,1755,1710
* Horizontal Trendline Support * Rising Trendline support on RSI #KeepItSimple
DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart
MACD appears extremely oversold and at the same time there is a AB=CD formation on EURUSD. We may see a retracement to the neckline (of the broken H&S) which is around 1.0980-1.10, which can be a great shorting opportunity from a medium term perspective.
Short NSE:KOTAKBANK with a SL of 1702 with a target of 1635. One can buy 1660 PE March expiry. SL and Target would be based on the underlying price.
Reliance is sell on every minor rise to 1440. Short futures with a SL of 1455 with a target of 1390.
INSIDE BAR opportunity Long at 226.15 Short at 221.50 SL mentioned, target open. Seems like it is going toward the long side as it is at a good demand zone. However, more days of NIFTY shedding down will likely result in breaking this support as well.
We can see that the stock has taken support at the critical level, below this the stock may fall badly & resume it’s trend down. The RSI is holding on to the 40 levels, we may expect the hammer to work and prices should move ahead from this level. The probable target zones in short term may be around 450 & 500 levels while closing below 285 will be not good.
positive divergence and good risk to reward ratio.