#PNB Rsi divergence in daily chart.#PNB Rsi divergence in the daily TF. also trading at key resistance level of 68. MACD is also showing a buy here. Will be good buy @68 with 65 stop and 74 profit booking.
Reversal
Simple Volume and RSI Analysis The price is clear in downtrend and forming lower lows. Volumes are increased at the bottom and RSI is trading above the Oversold mark. Those who want to prefer an entry at the lower level could try a long here with the recent low as Stop Loss. One can look for a 10-12% retracement move from here.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BEL Long Setup [Intraday]Please Consult Your Financial Advisor Before Taking Any Decision.
Educational Idea
NSE:BEL long setup on 1h zone, entry at 92.65 with 1 point SL and 2 point TP
Note: Always risk 1% of account size per trade, adjust the position size accordingly.
Double Bottom Reversal The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of 3.50.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Victor Sperandeo 2B Reversal Pattern RSI Diverg Small Risk TradeThe stock is in deep downtrend but has made a Victor Sperandeo 2B Reversal Pattern with RSI Divergence therefore it looks good for trading/investment. Traders can enter a long at current level with SL of recent low which is quite affordable. One can easily fetch 2.5 - 3 times reward of the risk being taken into this trade. I know that following the trend is better but sometimes taking small calculated risk for reversal also rewards well.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
LSK/BTC - Golden Cross & Momentum ShiftLisk to Bitcoin pair is showing some serious momentum shift in the price actions.
Oscillators are indicating a strong upcoming momentum swing high what might be round the corner.
Golden Cross is right around the corner, buy pressure is building up across a lot of exchanges.
I'm going to keep a close eye on this one.
This thing is going to pump hard in the mid term!
Axis Bank | Double Top patternAxis Bank had been on a good bull run tracing a rising channel. Strength in bulls looks to have lost steam where it couldn't make new highs.
Right now, looking at the chart we could identify a Double top pattern with neck level at 760. Yesterday's close below the neck level has confirmed the pattern and it would be right to take bear bias. However do look for a retracement for better entry to manage risk-reward.
Target according to the pattern comes in at 700.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
SHORT : Big M Pattern Beauty of big M pattern is the good reward potential of reversing the complete trend from where it has started. We can see that stock has formed the pattern nicely and with little luck one can expect the price to the level of 90 which is a good reward. Stop Loss I leave at your discretion on your risk taking capacity.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Tata Chemicals | Double Bottom - WeeklyDouble Bottom pattern observed in Tata Chemicals. Neck level was broken in second week of May thereby confirming the pattern. The recent fall could be counted as neck level retesting. In that case the stock will move up to 672 where the pattern target falls. However, a trendline still holds and we could see noticeable resistances at 635 and 658. A break above 635 will be key. Hence, if resistance at 635 fails Tata Chemicals could move swiftly towards double bottom target.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
A Nifty Comeback Possible?NIfty Gap Covered. RSI Oversold. 9 consecutive days Red Bars. S1 @ 11070. High RTR.
TREND REVERSAL MORNING STAR AT SUPPORTM NSE:TVTODAY
MORNING STAR PATTERN AFTER LONG DOWN RALLY TREND REVERSAL ACTIVE BUYERS ENTER FOR BUYING
Bouncing bank from 400!Analysis:-
- After a sufficient fall, we see Dabur fighting and denying to break the downward support of 400 for the past 6 trading days. Today finally a green indicating a probable bounce back from these levels on the trendline.
- Looking back at how it fared with bollinger band shows a higher probability of reversal when it touches the lower end of the bollinger band - .
- Similar trend reversal indications from RSI and MACD as well.
Action:
- Buy at Current levels (400-405).
- Upward immediate target could be 420, then 440 and eventually 460.
- A less probable break downwards could take it to 370 ( Chance to accumulate! ).
Conclusion:-
With upcoming elections and results as the two important events which could move this counter, a long position here at the current levels could prove out to be fruitful in short term.
HINDPETROHINDPETRO is looking good but the 290-300 level is big obstacle for this stock by comparing previous months so it can make a good move on above 300. still need to wait few days to get confirmation.people can buy this stock who can average if it goes down. but overall trend positive.......share your view as a comment please.....
MGL Ltd : Morning star chart pattern.NSE:MGL
MGL Ltd : Morning star chart patter on weekly chart which is a bullish and strong reversal setup.
If starts trading above Friday high then we can expect good upmove in coming week ahead.
3 Drives Reversal with good Risk to Reward.Prices have formed nicely "3 Drives Reversal" pattern and offering a good trade at current level.
Entry 74
SL 72.5
Target 79
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BPCL | short | 1d | 100% gauranteedwe can see the signs for reversal
Doji candle stick + 2 red candles ---> confirm short sell
Alkem lab | 1d | long yellow lines are showing the key levels.
alkem should be in the watch list.
it's a time for a reversal.
Inverse Head & Sholder ReversalI've observed nicely formed Head & Sholder Reversal pattern. It has given good breakout and retesting the Neckline from above which offers a good opporutunity to go long with the following details
Entry 262
SL 255(closing)
Target 284
Risk/Reward Ratio above 3.14
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
SHORT : Victor Sperandeo 2B Reversal Pattern RSI DivergencePrice formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI divergence is one more confirmation for the trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Sometimes you have to leave the crease to hit a six - PCJ BUYBUY PC JEWELLER ABOVE 85
TARGET 97, 110, 136
SL 71.5
A disciplined trader should avoid such scripts on regular basis but kabhi kabhi spinner ke sath bhi crease se bahar ana padta hai. :)
Some points:
1. OBV and PRICE Bullish divergence
2. Healthy candles
3. An upmove followed by a retracement
4. Has started to move up again (Latest candle)
5. Oversold
