We may see low below 1000 level. Rest on the chart. Thank you
long-legged doji + rsi showing overbought--> short call target--> 527. sl-->542
Possible buy for SUNPHARMA at current level until 452 for a target of 468, 478 & 493 with a stoploss of 422 in short term. Technical bounce back to continue until 493 before facing major resistance. Below 422 will open more downside
BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...
short near 276 squareoff 260 SL 286 -- RR - 1.6 -- *paper trades only*
In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!
NSE:BANKBARODA is facing Resistance at 118-119 level . Hourly charts showing Divergence with RSI & MACD . We can expect a correction to the Weekly Support Line at 108-110 . From there the Stock will see an upward journey .
1.Indicators are showing bullish signals. 2.Double bottom pattern formed and breakout done. 3.Weekly MACD crossover may happen on upcoming weeks(If weekly closing above 116,it may go further upside) Vijayaraghavan.K, Kovilpatti.
short @ 935-945 / t 900, 890 / sl 962 -- price levels to observe
1.Ascending triangle breakout done 2.Pattern like a round bottom formed and breakout done. 3.Closing above 514,it may go further upto 523-528 range. 4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish. Vijayaraghavan.K, Kovilpatti.
Analysis and targets mentioned in the chart.
Daily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details. Vijayaraghavan.K, Kovilpatti.
Daily RSI is around 60 and Stock looks bullish. I would like to see 6800 before any correction.
There is a Bullish RSI Divergence and MacD Divergence on Daily Chart. Stock is poised for positive movements for this week. 3 Support zones in the chart if setup fails to work.
NIFTY HOURLY CHART TRADE CAUTION TRADE WITH STRICT STOPLOSS NIFTY HAD BROKEN STEEP TRENDLINE NOW HAS RETRACED TO 61.8% ON HOURLY CHART IF THE TREND IS TRUE IT MUST REVERSE FROM 10568-70 OR 10550 LEVELS(ADJUSTED FOR VOLATILITY TRADE WITH A VIEW OF 10750 IN MIND AND WITH A 30 TO 40 POINTS ON THE INDEX
long above 600 / t 630, 660 / sl 20 points trailing price moves to observe