CHANNEL BREAKOUT IN INDIANB (INDIAN BANK)INDIAN BANK has got a strong channel breakout with heavy Volumes and RSI. Stock is also favourable as per technical analysis, Bollinger Bands, and other tools.
Relative Strength Index (RSI)
MACD Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss ☠️🚫 - 462
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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NIFTY DAILY - 20/2/2024The bulls successfully stretch their arms for yet another session and 6th winning strike of them.
Nifty50 has made another All Time High that is 22215.
Index has formed green body candle with upper and lower shadow.
Currently RSI is 63.
Nifty find nearest resistance 22381 level and nearest support lies around 21961 level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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IDFC LTD DAILY 200 EMAIDFC LTD is receiving very good support on daily EMA, also the monthly RSI looks positive. It also forms a good cup in a weekly/ monthly time frame, that is what the green line suggests at around 118.0 which might work as good support.
NIFTY DAILY - 14/2/2024Indian index opens with gap down with huge selling pressure due to bad inflation data from US and bears took nifty to the low of the day that is 21530.
Afterwards bulls took the charge and started filling the gap and made high of the day that is 21870.
Index has formed large green candle with upper and lower shadows.
Index has taken support at 50 level on RSI.
21912 will work as resistance level & 21632 will work as support level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 9/2/2024Bears loose its winning streak in the market.
Nifty open with negative note and witnessed heavy selling, during the day. one point of time nifty registered low of 21629.
But after making low nifty recovered and formed a big green candle with long lower shadow and upper shadow on daily chart which indicate bulls are back in the game and they are buying from lower end.
Candle is at middle band of BB indicator.
Index may reverse from here if nifty crosses 21912 hurdle level and 21632 will work as support level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Higher High Higher Lows - VARDHMAN ACRYLICS📊 Script: VARDHACRLC
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 67.
📈 Script is making Higher High Higher Lows as shown in chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 72
🟢 Target 🎯🏆 - 80
⚠️ Stoploss ☠️🚫 - 68
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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NIFTY DAILY - 7/2/2024Indian indices open with a gap up but Bear capture the Indian Indices and took the index to low of the day that is 21860.
Formed bearish candle with upper and long lower shadow that indicates bears were aggressive thought the session.
Double Moving Averages is giving crossover as shown in chart.
Nifty can find nearest support at 21893 and 22124 will be work as its resistance level.
Risky Double Digit - CENTRUM📊 Script: CENTRUM
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which indicates volume breakout.
📈 Right now RSI is around 68.
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 37.65
🟢 Target 🎯🏆 - 45
⚠️ Stoploss ☠️🚫 - 35
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
BankNifty: RSI Divergence Impact on TrendsEarlier BankNifty experienced a trend shift, we can see it with respect to RSI divergence, pausing the downward movement and initiating an upward trend.
Caution advised now, as RSI indicates a possible sideways or downtrend until stabilization. Refer to the chart for details.
USDT.D FORMRED BEARISH SHARKUSDT.D formed bearish shark pattern and double top, BEARISH DIVERGENCE in RSI which all suggests that usdt dominance will come down which is inversely related to BTC and ALTCOINS.
LONG NIFTYYou can go long in NIFTY if 15 minutes candle closes above last day's high.
Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before trading or investing.
NIFTYIf 15 minutes candle closes, only then take a trade.
Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before trading or investing.
#APOLLOPIPE #SHORTTERM #SWING #NSESymmetrical Triangle Pattern both in the Price and RSI.
RSI Breakout done.
Now will it be the price to follow ? Lets see.
Expecting a strong Breakout.
LONG NIFTY BANKA double bottom with RSI Divergence.
Diclaimer: I am not a SEBI Reg. Analyst. DO your own research before trading or investing.
Lets follow NGL fine ATHATH and ne company in pet care.
Sales going up
Levels are marked and RSI is high as well.
Lets see what happens in next trading days
Nifty RSI Diversion on Weekly ChartRSI Diversion seen on Weekly Nifty chart. There could be profit booking in coming days. Stay light on long side.
REVATHI EQUIPMENT Market Cap 346 Cr.
Face Value 10
Intrinsic Value 613
Piotroski score 8
Debt to equity 0.15
Promoter holding 72.6 %
Stock P/E 16.6
Industry PE 44.3
ROCE 10.6 %
ROCE3yr avg 9.18 %
ROE 6.66 %
ROCE3yr avg 9.18 %
OPM 8.52 %
OPM 5Year 6.15 %
EBIDT growth 3Years 10.1 %
EPS YOY 68.7 / 41.4
Nifty 50 Visualizer is BEARISH!⚠️Attached: Nifty 50 Daily Chart as of 19th April 2023
In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things:
1) Trend Lines
2) Fibonacci Retracement
3) RSI
This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation:
- Notice how Price has reacted around the Trend Lines and the Marked Arrows indicating the same
- Price has stalled at 0.5 Fib Retracement of the Decline that started in December 2022
- Daily RSI has failed to surpass the 65 level, within the territory of a Bear Market Rally
Based on the above weight of evidence,
Price can potentially see a Decline back down to the Next Trend Line Support which also coincides with the Unfilled Gap Area
TCS Long: Double Bottom & RSI DivergenceNSE:TCS is trading at its important weekly support level.
On Daily chart it has formed kind of Morning Star Candlestick Pattern & Double Bottom Price Action Pattern.
Positive RSI Divergence is also seen.
Volume is still rising, which suggests that there is more upside potential for the stock.
Support- 3100
Resistance- 3275/3400/3575
long for this expirylooking for a nice upside for this expiry
target till 1255-65
stop as per comfort
breakout based trade using indicators RSI, fibo, trend line to enter the trade
disclaimer - trade @ own risk
#NFL #SHORTTERM #SWING #NSE
Weekly setup is looking good. On the verge of a stiff resistance breakout.
A cup in the making.
Breakout from a trendline - Retest the next day - Another bullish push from resistance turned support.
RSI is also expected to follow the channel range.
SGX Nifty Bearish Reversal (RSI Divergence) SGX Nifty Bearish Reversal (RSI Divergence),
Price make Lower high where RSI Generate higher high in Day chart.
