Relative Strength Index (RSI)
GBPUSD testing 1.2900 levelThe British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate immediate bear pressure.
The GBPUSD pair is heavily bearish while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels.
If the GBPUSD pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.
EURUSD targeting 1.1100The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the 1.1100 support level.
The EURUSD pair is heavily bearish while trading below the 1.1175 level, key technical support is found at the 1.1135 and 1.1100 levels.
If the EURUSD pair trades above 1.1175 level, key intraday resistance is found at the 1.1216 and 1.1230 levels.
ZEE ENT- Short term view-Bullish1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
Vijayaraghavan.K,
Kovilpatti.
Ajantha pharma short&mid term view- BullishDaily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
Double Bottome Reversal !Nicely formed double bottom pattern gave breakout and and trading decisively above the neckline. One can buy the stock now for a double bottom pattern target of approx 1900. which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade.
Entry 1810
SL 1770
Target 1880 - 1900
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Titan Bearish Divergence on 4h ChartTitan Chart shows Bearish Divergence on RSI, Stoch RSI and Momentum too.
A pull Back is possible but overall Stock looks bullish for longer term.
Bearish Divergence + Price approaching Resistance may bring the Price Down.
If setup fails and breaks 910, Wait and buy the retest of 900 areas in next couple of days.
PVR | RSI+RESISTENCE | EDUCATIONHere I used EMA , KAMA & RSI.
at a 1450 level, a very strong resistance is there.
We can see the RSI & chart pattern is complementing each other very well.
it looks like the bullish trend is very strong so it can take some time to reverse.
Muthoot Fin Short term viewMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level.
Daily MACD cut,Weekly MACD crossover, ADX loosening the negative bias,RSI and CCI are in positive mode helps to breakout and reach the target on coming days. One hour chart also favorable to enter at CMP.
Vijayaraghavan.K,
Kovilpatti.