There is a clear positive divergence on the charts on both RSI and MACD and the psychological set up on USDINR too supports a corrective rebound . Swing Break confirmation needed which should come around 64.40/-
IT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation. For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise...
Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
The stock has formed a beautiful Roof Pattern it gave false breakout today and came back. One can trade the stock by providing small Stop Loss high of today and look for a target of 140. Risk to reward ratio works out decent.
It is been observed on the daily chart that the price action is forming a bullish hidden RSI divergence where price action is forming higher lows where as RSI oscillator forming lower lows, indicating a trend change and bullish move ahead. Target 1: 1550 Target 2: 1600 Stoploss: 1450
sell nifty future around 9185 sl 9220 target1 9150 target2 9110 time frame 2,3 trading days We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
buy around 1270 sl 1240 target 1350 We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90 We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
buy around 196 sl 192 target1 198 target2 202 time frame 3,4 trading days
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Stock giving breakout with good volumes. Also, RSI & MACD are in buy mode.
The stock has formed a beautiful MPL and Action Reaction method is suggesting that price may get reaction at this level. One can short the stock now with appropriate stop loss and can expect the price range 116 - 114. RSI is coming out of Overbought zone confirming the potential short.
Bullish Wolfe Wave, Positive Divergence of RSI and Price equality in 4-5 move.
* Bullish Harmonic * Overbought RSI * Overbought Stochastic
The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.