Logic:
Stock has been consolidating in a small range of 1250-1450 since past 7-8 months.
A weekly closing above 1500 can be a good sign for reversal.
Breakout Confirmation above 1600 DCB. RSI is strong with positive divergence.
Chemical sector is showing reversing signs as well.
stock given trendline breakout on weekly and daily chart with good volumes
also breaks 50 & 200 DMA
Company is almost debt free & maintaining a healthy dividend payout of 20.8%
Alkyl Amines is a leading manufacturer of aliphatic amines in India. Aliphatic amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other...
RBL bank has been bearish since past few years.
Stock is showing strength and some signs of reversal.
Breakout Entries are always riskier. Levels mentioned on chart.
A consolidation above breakout zone is always a good sign.
GTPL Hathway is a very volatile cash stock which has given wild one sided moves in the past.
As seen in the chart, stock is in strong uptrend and has reached a supply zone of 185-190.
Price action at CMP is going to be interesting. A consolidation before breakout is always healthy.
However, if the stock sustains above 190, it can be a risky swing trade for...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge
📌 Symbol/Asset: RAIN
🔍 Description: Stock is forming falling wedge pattern around the Long Term Support.
We can clearly see bottom is in making.
There is a strong support of around 130-135 and we can see huge bounce from hereon.
Rain Industries is a Buy On Dips.
Not to Miss this opportunity....
Even though this looks like there is a support on Nifty; please be careful of any Long positions.
Monday is a holiday due to Christmas so there's going to be a long weekend.
Capital preservation is Key.
FEDERAL BANK has following advantage to BUY:
1. Gave break-out for the 4 year trendline.
2. The Break-Out was with good momentum.
3. The Break-Out took a retest for the conformation.
4. RSI gave a breakout for the recent forming trendline.
Advantage: Our Big Bull Rakesh Jhunjhunwala is holding this stock and he increased stake in this recently.
Disclaimer
-...
Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook.
Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero.
The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had...
Bullish Bias:
Weekly chart indicates a bullish bias for Gold.
Relative Strength Index (RSI) comfortably above 50.
RSI-based 20-period Moving Average provides additional support.
XAU/USD remains within the upper half of a long-term ascending regression channel.
Key Levels:
Interim resistance at $2,060 with 61.8% Fibonacci trend-based extension.
...
Stock has bounced from strong support trendline.
Today, stock has taken rejection from strong resistance of 3200.
Possibly, we might see a small correction before next big upmove.
Trade can be initiated only if stock is available at levels given in chart.
Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside.
The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at...
