For all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study..
Overbought -- OB
Oversold -- OS
Divergence -- Div
B-- Div after OB at A
C-- Double top...
The stock is in consolidation from long time. Strong resistance at 385 and Support at 200 MA. If breaks resistance can go to 450 levels. Keep a strict SL at 305. Stoch RSI showing oversold zone. Keep Watch.
NSE:ESCORTS1! Tested - Lower Trendline of Channel today -
Was today's candle a reversal candle - will come to know soon.
If breaks 1300 Level in tomorrow's session - Might see further sell-off and look for some support at 100 Day EMA @1243
Thanks Chris for these Indicators!! CM_Stoch_MTF & CM_williams_
The stock has reached the last stand for buyers, any close below 290 and sustenance below it will push the stock into bear grip. The RSI is oversold and it can remain in oversold condition in bearish condition for extended period. Any pullback may provide shorting opportunity if weakness persists.
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.
Ashok Lelyland which is heavy and light commercial strong company which is fundamentaly strong company but its share prices are decreasing due to fall in auto sector.But now Ashok Lelyland has gone into oversold zone and is undervalue. As the earning season has started its time to buy Ashok Lelyland. It is expected that Ashok Lelyland will increase today put the...
This is weekly chart of GLENMARK on NSE (INDIA) with CMP @ 665.55. It looks a good opportunity to take a long position in the scrip based on following observations:
1. Support zone has been marked on the chart where price has taken support multiple times in price band of 505-602. Now, the price has come out of this band indicating reversal.
2. It is also observed...
This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart:
1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on...