POSITIONAL TRADE ON YESBANK SEPTEMBER FUTURES BUY THE DIPS ONES THE NEWS OF RANA KAPOOR IS FACTORED WE WILL HAVE A SHORT COVERING RALLY GOOD ENTRY LEVELS ACCUMULATE BUY@360 STOP@350 TARGET@392 LOT:1750 QTY:2
BTST IN JETAIRWAYS SEPTEMBER FUTRES BAD NEWS FACTROED CRUDE OIL REVERSAL LOOKING GOOD FROM RESITANCE LEVE(BRENT CRUDE) BUY@293 STOP@289.5 TARGET@310 LOT:1200 QTY:2
BTST IN HDFC BANK AUGUST FUTURES BUY@2080 STOP@2069.5 TARGET@2098 LOT:500 QTY:2
POSITIONAL SWING TRADE IN BPCL SEPTEMBER FUTURES BUY@370 STOP@358 TARGET@390 LOT:1800 QTY:2
Levels mentioned in chart
The dollar index is currently trading around a minor support zone. The price action and the stochastic indicator is showing a divergence. So there is a good chance of bounce back. It will retest the broken support zone which is a good time to short.
IDBI going to the new heights! Go Long on IDBI Bank on monday. Reasons for Long 1. Stocastic - Oversold 2. RSI - Oversold 3. Morning Star Formation ( Great success rate) 4. Bounced from the trend line Any opening above
IDBI going to the new heights! Go Long on IDBI Bank on monday. Reasons for Long 1. Stocastic - Oversold 2. RSI - Oversold 3. Morning Star Formation ( Great success rate) 4. Bounced from the trend line Any opening above 54 can lead to 60 within 2 weeks time frame.
Some Interesting patterns and sentiments developing in the oversold stock of CANFIN homes.
The 4-hour chart of EUR/USD indicates that the pair is currently in downtrend. The pair made a strong downside move and it is currently at support levels of 1.15108. Also, stochastic indicator is showing a divergence , which indicates a subsidised momentum. Hence we can expect the counter to be bullish until it reaches the target of 1.15553 .
Demand Zone Bullish Harmonic Oversold RSI
As this is a weekly chart, trade may take some time. Consider it a swing trade. Imp: Look for a bullish candle near 303 on daily chart and go long just above the high of that candle. Wait until bullish signal. Regards.
Although I presented the trade on weekly chart yet it would be small swing trade which may take just few days to either hit the targets or stop loss. Partial or full profit booking at first target could be done as overhead supply may hurt the upmove. Some might disagree with my Cypher pattern so I urge them in advance to take it easy :) All nitty gritty details...
NIFTY BUY AROUND 9820 SL 9750 TARGET 9900, 9950 FRESH BUYING START ABOVE 9850
This is strictly short term. The price action is oversold as seen in hourly RSI and the price is touching 200 MA at the moment. It's reasonable to expect a bounce back to 24500 levels in next session or two. But once again, this is very short term.
Hello friends, The stock of Just Dial appears interesting and is at support levels we may see a recovery soon. The app has gone recent transformation and introduced pay feature which will be beneficial for the company in long run. Available at decent valuations. No strong technical indicators though RSI indicates highly oversold
Current price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.
It is been observed that the price action is resting at strong support zone where we could see a strong buying coming in coming trading sessions. At current price levels, we could see a good rally up . Technically, MACD indicator is also reaching to oversold area which is another sign of a pull back. Target 1: 350 Stoploss: 330