It can go up Monthly RSI> 60.
As we See in previous posts when RSI crossed above 60 then it go up minimum 20 percentage Max we can't say
Oversold
A Long ShotFlag and pole breakout
Rsi and stochastic turning positive
Target 1 distance of parallel channel
Target 2 distance of pole
Both from breakout point.
Stop loss below flag channel
Just Paper trade.
HMVL: Sparks Hopes for a 20% Bullish Breakout!Hindustan Media Ventures Ltd has today (26.09.2024) exhibited a bearish trendline breakout, supported by significant trading volume of 2.1 million shares and a price movement reflecting an increase of 4.85% . This indicates increased interest from traders and investors, hinting at potential upward momentum.
A robust support zone has been identified on the chart by circle, where the stock has shown strong movement in both directions multiple times. This level can be deemed critical for future price stability and may offer protection against further declines.
On the daily timeframe, the %K of the Stochastic RSI has crossed the 60 threshold, suggesting that upward momentum is gaining traction. Conversely, on the weekly timeframe, the %K remains in the oversold region, indicating that there may be room for recovery and potential bullish reversal in the longer term.
In the daily timeframe, a MACD crossover has already occurred, signaling potential bullish behaviour ahead. The weekly MACD shows signs of strengthening towards a future crossover, which could further support a positive price trend. The histogram is exhibiting signs of positivity, suggesting that momentum may build in the upcoming trading sessions. Positive trends noted in the histogram can be an encouraging sign for prospective buyers.
The stock’s ability to close above the identified hidden trendline could pave the way for testing the next resistance level at 126 . This resistance level will be crucial to monitor as it could determine the stock's short- to medium-term price trajectory.
Disclaimer: The insights presented in this technical analysis report are intended solely for informational and educational purposes. This report is not a substitute for professional financial advice. Investors are encouraged to conduct their own thorough research and consider their financial objectives before making investment decisions.
Union Bank of India- Weekly- Understanding RSIRelative Strength Index (RSI) is a momentum indicator. It shows overbought and oversold condition of a security or a index. Its interpretation is: 40 (oversold) and 60 (overbought) . In above weekly chart of Union Bank of India, you can see at encircled point it was in oversold zone in June 2022 and then it moved up. Presently, it is at 40 oversold zone and most likely it can take support from here. This is educational post and not any recommendation. It can be interpreted in different way also.
THE IMPORTANT BTC GAPS ARE GOING TO FILLBitcoin ( CRYPTOCAP:BTC ) recently plummeted to $49,000 due to rising US unemployment rates and a fall in the Japanese stock market. However, BTC is now recovering, bouncing back from the oversold area.
This recovery indicates it's time to fill the gaps between the $58,500 and $62,600 levels. In the crypto market, gaps tend to fill quickly, suggesting an imminent bullish movement for Bitcoin.
Next targets are 62600 & 69000 , if breaks we are going to see new all time high. Mostly ATH will come in November.
Bottom Fishing - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 160
🟢 Target 🎯🏆 - 174
⚠️ Stoploss ☠️🚫 - 151
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SEI/USDT: Bullish Shark Pattern Signals Potential RallySEI/USDT has formed a bullish shark pattern and is showing a bullish divergence bounce, indicating strength.
There is now a chance to retest the $0.30 level, after which a rally is expected.
The targets are $0.58 and $1.16.
#SEI #USDT #CryptoTrading #BullishSharkPattern #BullishDivergence #CryptoAnalysis #TradingTargets #CryptoRally #TechnicalAnalysis
HUGE BULLISH SIGNAL FLASING FOR BITCOINHey friends! Today, I've got an exciting idea about BTC. On the weekly time frame, BTC has clearly formed a bullish pennant pattern. If you observe the daily RSI, it has reached the oversold area, sweeping all liquidity from the market. The weekly RSI is also around the 50 level, indicating a potential bounce with hidden bullish divergence. This suggests a strong upward movement with a target of $106k! 🚀💰
#BTC #Bitcoin #Crypto #BullishPennant #RSI #HiddenBullishDivergence #CryptoTrading #TechnicalAnalysis #CryptoInvesting #MarketUpdate #CryptoMarket #BullRun #BTCto106k
LINK's Bullish Shark Pattern: Retest Bounce Targets $23 with 100#Chainlink ( BIST:LINK ) is currently forming a bullish shark pattern, a harmonic pattern that indicates a potential reversal and a strong buying opportunity.
In this scenario, LINK's price is expected to bounce with retest of a crucial support level. The RSI (Relative Strength Index) has reached the oversold area, suggesting that the asset is undervalued and may soon experience a reversal.
If LINK successfully retests the support level and bounces, the bullish momentum could propel it to a significant target of $23. This move would represent an almost 100% return from the current price level.
ATOM formed bullish sharkAtom formed bullish shark in 4hr and it standing on imp support line , so we can expect bounce here and next resistance is 12$
BTC formed bullish shark pattern BTC formed bullish shark and its RSI reaching to oversold region. we can expect bounce till 69k then again one more correction till 64k.
EMAMIPAPThis a symmetrical triangle pattern but is good support zone for buying point my side .
entry that point and trg is 1st 130, 2nd 140. SL is always paid .If You LIKE MY Idea …please…Boost its for motivation for study .
for MORE check in my TradingView ID
“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
ETH BULLISH DIVERGENCE ETH will rise till 1605 , supporting bullish divergence, trend line break and ethbtc is bullish, 1065 we may have chances to huge fall.
ETHBTC forming Bearish shark patternETHBTC bullish reasons :
1. double bottam
2. RSI Divergence
bearish reasons :
1. bearish shark pattern
conclusion : first ethbtc will rise next most chance to take once test to have triple bottom.
ETH atls some time goes up.
USDT.D BULLISH DIVERGENCEUSDT.D BULLISH reasons : 1. rsi regular bullish divergence
2. rsi oversold region
3. need pull back and marco economic data is coming
BTC HAVE GAP UP AT 26300BTC bearish reasons :
1.btc have gap up 26300
2.btc forming bearish shark pattern
2. oversold RSI
On Mobile global at multi year support rangeBuy ONMOBILE GLOBAL 65 as good long term support range. Weekly support of 55 range respected and bounced back after oversold range. Look for 90 to 95 levels at least 40% upside
USDT.D FORMED BULLISH SHARK USDT.D formed bullish shark with gap down and also having bullish divergence along with that it is over sold region which leds to massive rise, if it rises crypto will bleed. Becareful guys , have a good trading day.
BNB CLEARLY FORMED BULLISH SHARKBNB is accumulating phase now, clearly bullish shark pattern and imp resistance trend line if it breaks the conformation of bullish shark that will hits huge targets like 400$ level.
Garware Hi-Tech Films Limited Technical Analysis: Is it a Buy?This technical analysis of Garware Hi-Tech Films Limited (GRWRHITECH) looks at the stock's recent price action, technical indicators, and potential trading strategies.
Garware Hi-Tech Films Limited (GRWRHITECH) is a leading manufacturer of polyester films in India. The stock has been on a bullish trend in recent months, and is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also in the overbought territory, which suggests that the stock may be due for a correction
he following are some of the technical indicators that are used to analyze GRWRHITECH:
Moving averages: The stock is currently trading above its 50-day moving average (MA) and 200-day MA, which is a bullish signal. The MAs are sloping upwards, which suggests that the trend is bullish.
RSI: The RSI is currently at 75, which is in the overbought territory. This suggests that the stock may be due for a correction. However, the RSI has been in the overbought territory before and the stock has continued to rise.
Will nifty take support from current level ?Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
VOLTAS LTD Seems good for a Bounce. Target seems to be 934 and SL - 850. Risk Reward Ratio stands to be at 1:3
Chart & Analysis
ADARSH DEY
Bpcl Defies All OddsAfter a bloodbath of a week, the markets are recovering and after a 15% fall, BPCl has taken support on its long term support with a high volume bullish candle
Moving average does not say much.
Stochastic RSI is also in the oversold region giving a long bias.
T1 Is the short term target
T2 is the Long term target
Stop loss below the support level.
Keep It Simple
