rsi crossed above 30 crosses above strong support zone to confirm long position wait for the stock to cross above 272 T1 - 287 T2 - 295 SL - 262
RSI is in overbought zone and trying to cross 70 This is also supported by MACD crossover It has resistance at 620, sell if it crosses below 600 for target of TGT 1 - 580 TGT 2 - 550 SL - 635
Seems to be in bullish zone , target 1400.
Supported by MACD crossover TGT 1 - 805 SL - 765
Short on break below 92 SL 92.8 Squareoff near 90.5, 89.5
Grasim formed a double bottom chart pattern with central pivot acting as neck line. RSI Bullish Divergence can also be seen. All that is needed is a candle closing above central pivot point with good volume and +DM crossing over -DM.
Litecoin has entered into the corrective phase of the Elliot Wave Pattern. Wave A began yesterday with the bears taking control of the market and the market suffered a major drawdown. The downtrend is going to continue all the way down until it finds support around the 50-day moving average at a price of about 37.29. This can be a good entry point for going long....
Refer chart.. Vijayaraghavan.K, Chennai.
Tata Motors DVR has witnessed a falling knife since last one year. Price has came extensively down, Now there is support zone near 70 level. We are expecting tata motors dvr to bounce back from current levels till 140 initially. Daily and weekly charts has positive divergence where we can see that prices are making new low but RSI is turning upwards which...
PRICE IN DOWNTREND AND CURRENTLY FORMING A DESCENDING TRIANGLE .ANY BOUNCE TOWARDS THE UPPER TRENDLINE IS TO BE USED FOR SHORTING POST PRICE ACTION CONFIRMATION.TARGETS CAN BE HUGE IF THE BREAKDOWN HAPPENS.
Bata India Looks weak on weekly time frame with Bearish ABCD pattern and RSI Bearish Divergence. A Bearish candlestick pattern on weekly time frame will confirm bearishness. t.me
This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend. Going straight back to the all time high without looking back would be very surprising.
As you can see fibonacci extension support is near the cmp and last critical support is also near. if there is a bounce back then you can get the target money easily. RSI is also in Oversold Zone