TATA MOTORS - Expansion channel_ Clearly in an expansion channel
_ I don't wanna say anything else
_ If you buy this now, it'll be a good decision
Relative Strength Index (RSI)
VEDL : A proper gainer_ Vedl is in the consolidation mode right now
_ You can clearly see consolidation happening if you check the 15 min time frame
_ If it breaks up, that'll be a clear shot bullish trend
_ Let's hope that it'll be a bullish breakout
Possible bullish trend predicted in Vodafone idea* Since the rsi and mfi are the overbought levels and also it is a clear uptrend
* High possibilities are there for the script to be bullish
* If the market starts positively then idea will continue moving upwards
BATA India Mean Reversion Setup
- Self explanatory & Annotated Chart
- Key Levels are Marked
- Enter at BO level @ 1340
- Exit at Target level @ 1445 , approx 7-8% upside
- Time Frame is few Days
- Stop Loss level for Risk as per your choice also mentioned
- High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI
- Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself)
Good Luck :)
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WRX is BULLISH AFRSI shows it is oversold right now. Aroon Indicator is indicating a trend reversal. And there's a major support at the current price. I'm going all in on this. See you on the other side !
WTI Crudeoil - Make or Break* Horizontal Trendline Support
* Rising Trendline support on RSI
#KeepItSimple
The stock has taken support at the critical level, below thisWe can see that the stock has taken support at the critical level, below this the stock may fall badly & resume it’s trend down. The RSI is holding on to the 40 levels, we may expect the hammer to work and prices should move ahead from this level. The probable target zones in short term may be around 450 & 500 levels while closing below 285 will be not good.
Cummins displaying strength, may face resistance near...Cumminsind stayed strong and managed to register a close above an important pivot level. 600 will serve as another resistance in the coming week above which the stock can rally hard "bohot hard" Also noticing an inverse H&S in the stock. The swing of right shoulder can be kept as a stop loss. The RSI has started moving into the 60's and MACD is above the zero line. The momentum is painting a positive picture.
The RSI and MACD are displaying divergence, if the formation is The weekly banknifty chart has closed negative this week, back to back two bearish candles also indicates momentum suppression in the index. 31800 will provide immideate support to the index, giving away this may push the index to 31300 levels. However the trend is still up and any bounce from the support will push banknifty up 32600, 32800 & 33300 finally. The RSI and MACD are displaying divergence, if the formation is not negated in coming sessions then correction is quite probable.
This 12200 levels will serve as minor supportThe index has been consolidating in a sideways range since last two weeks. A triangle pattern is visible on the daily charts, the breakout is yet to occur. The prices are holding the TS line support tightly. This 12200 levels will serve as minor support while 12070 the KS line is an important support. Any redound should take place from these supports. Nifty is set to move to 12310, 12380 & 12500 levels. But when we look at the RSI, the momentum seems to lose its strength, I would really like the RSI to break up from the 60 levels which it is tested a multiple number of times.
National Aluminum Short term view- Bullish Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only.
Vijayaraghavn,
Chennai
NTPC may resume trend down again.Last few days we witnessed a rally in NTPC from 109 levels, this rally seems to be more of corrective nature and halted at the KS line on daily chart. RSI is well placed into bearish zone and MACD is bearish too with no positive bias as of now.
Glenmark showing signs of institutional presence. Taking support after breakout on 18th November is a good sign confirming the institutional presence in the stock. The stock is now setting up tone for a strong move up with supporting volumes and momentum. The RSI is positive into the bullish zone and MACD well above the neutral zone with positive bias. Longer term targets are close to 485 levels!
Mid Caps showing signs of recovery. Shopping List!The MID Cap index took support and bounced back. The level from which the index bounced was very strong inflection point. Two back to back bullish candle with good volumes indicates real interest in the stock. Moreover there is a long term positive signal in RSI and MACD is positive with bullish bias. All these indicate that mid caps may pick up pace in coming weeks.
Close to a Make - Break area. The stock took support at multiple levels, now trading at the KS/TS line, after bouncing off from the clouds. The momentum is positive with RSI resting close to 40. If strength persists the stock may move to 83 levels. On hourly charts it is at a make – break zone.
Bank Nifty close to 31000. It's a important support level.In my last Friday’s update I mentioned that we may see banknifty trading at 31000 levels. The index registered a close at 31160 today. Now it’s trading close to a support level the KS line. A major support is at 30600. Most of the time KS acts as a very good support for prices, so a bounce from it is not ruled out. 31600 will be the decider level for coming sessions, a strong close above it will only result in trend resumption. The RSI is pointing down while MACD lags upside momentum.
Bata India: Has the trend bent?The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support. Above 1735 the bearish analysis is negated.
Trading close to a very important level. NIFTY: Nifty took beating from the bears in the last two sessions. Now at a very key juncture, a break and close below the 12000 levels have shattered the physiological support levels, still the bullish nature is not wiped out fully, if the fall continues the index may tumble to 11420 levels, again the levels I am mentioning may be vague & outrageous but still they are valid as long as selling in prominent. A minor support may be seen at 11790 below which the above targets on the downside is open.
