Notes on the chart. Trade safe, stay healthy. Do hit the like button as a token of appreciation. Enjoy the weekend. Regards Bravetotrade
pair exhibits a corrective price pattern, the consolidation has ended with a WXY move, with MACD and RSI divergences in agreement a bull market is prominent. A long position here will be rewarding, primary target 1.8000.
the stock can give a good upside in near terms thus i feel it could be a good bet , but for only risk takers as the stock will remain extremely volatile for next few trading sessions
It has been observed that the price action trending in a down rally but now indicating a reversal due to Bullish RSI divergence, where RSI forming higher high and price action forming lower lows. Now, it shall further move up to the bigger downward trendline at around 640 levels. T1- 610 T2-630 SL-572
Weekly chart. Hammer after downtrend @ support level. Bullish candle after the hammer. Good risk reward ratio. Target 750 in 6-8 Weeks. Stop (Exit) below 595 on weekly candle closing basis.
Reasons to go long in NSE:RELCAPITAL Classic Cup-Handle formation Oscillators turned positive Listing of RelianceNippon
PFC- As I have mentioned in charts, PFC broke its resistance area after consolidation, and retested same area today, At breakout there were good volumes Jump and Today also one can see Volumes bump at the same time we can see RSI had crossed 60 levels and at the time of retest it took support at 60 levels which is strong bull sign. One Can Go Long for 163-168...
YesBank can test 345 by end of this week. Aroon Oscillator turned bullish as Aroon Up is greater than Aroon down and this change happened at the close of last week and we can see today YesBank was positive. After all the bad news factored in the price already, the stock is ready for shooting up like a star. Strong fundamentals and strong technicals => STRONG...
buy around 10145 sl 10100 target1 10200 target 2 10250
Stochastic @ overbought level. Now Bearish engulfing candle. Short with stop loss of 10 Points (315). Target first band & second band(285/262). Good Risk Reward ratio.
Balasore Monthly candles above 70 looks good (# outside down pattern beginning). Also wait till RSI gets above 70 Levels & MACD makes new high, One can add Faster MACD of 5.8.3 for new highs or at least 3 yr highs before the entry. BUY Only above 70 with stop of 50.
Classic bearish divergence, Sell 5700 with Strict SL of 5850 Trgt Open
Negative divergence on hourly basis Sell @ 1255 SL 1275 Trg 1226 -1200
Classic formation of negative divergence in BPCL stock tank from 546 to 511, can go short again in 535 range with SL 550 Trgt 500
Formation of negative divergence
One can go short in Nifty below 10130 levels, for a target of 9710 with Stop loss at 10170. Various indicators (RSI, Money flow index)0 have given a negative divergence in the index. One has to wait for a confirmation of level below 10130 for a extremely fruitful entry.