NSE:KOTAKBANK can go down in correction move for almost 2% and then can make upmove like rocket wait and watch to break the above trendline.
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H & S Correction is almost over (It is not necessary that after H & S correction, it may move up) After the present market corrections, one may consider for entry Also note that it is already retraced 61.8 % from the top and is started to move up ( A normal concept only) Present RSI is 45.3 Two expected targets for short / long term is given. Disclaimer: It...
Aditya Birla Sunlife AMC CMP:400 RSI: 19.25 (Oversold) Doji Candle formed can reverse from here. SL:370 T1: 415.65 T2: 437
As you can see from the chart COALINDIA is at its support of 210-205 range. and the red line is 200 EMA @Daily TF, and the blue line is 50 EMA @Weekly TF. The RSI indicator is also in oversold territory . It might be a good long opportunity. Entry - 210 Target - At least twice of the risk. (234) SL - 198 **Do your own research before taking any trades**
Bank-nifty is taking support of trendline. It may revert from here and can test 43500 and 44000 soon
The chart above says it all. Daily TF Analysis :- If you look at daily TF you will find this stock made a high of 1530-1540 last year, then it fell down. This year in November 2nd week it broke out that level and right now it is retesting that previous resistance level. From price action point of view...
Hello everyone! Now is the best time to go long in SKFINDIA. I have been tracking this stock since July'22 and it has given a fabulous one sided rally of 35% since then, it is going through consolidation from last 2 month(pl. go through chart for probable target and SL). Someone might consider it after breakout from trendline but I personally prefer a low risk...
Technically, Dow is really at a critical zone. Keeping in mind that Equity is a growing asset, today's DJ:DJI session would be very Important. DJI has given a close below its neckline and completed its Pattern. There are concerns of recession as well. Will the DJ:DJI fall and complete its target or there will be pattern failure? Here ADX is showing above 24,...
GAIL, pure RSI divergence play, Buy now with SL below 127 on closing basis.
Reasons to buy Bosch: -RSI above 60 -Old MACD Crossover -Higher volume than the past 5 trading sessions
Following Chart is of Honeywell Automation which Clearly shows Tweezer Bottom at the Support Level of @39130 The trend must get reversed with Targets anywhere around @48000 to @50000 if the Strong Resistance Level is Broken @45000 The RSI is just reversing from the Oversold Region which hints a nice time to buy. All in all you will end up with a sweet 11% profit...
In the Daily chart, we can see that HUL is taking support from its previous trend line. RSI is also showing it is oversold. Take long positions for the target of 2280/2350.
NBVENTURES | Strong RSI divergence (Lower time frames), oversold in Daily time frame. Bounce and breakout from the falling wedge can give us 25% CMP : 47.50 (Ideal to enter @ 46.50) SL : 44 Target : 58 or exit near the trendline as it is getting narrow. Almost 1:6+ risk reward setup P.S : Trade with very lite position size as the volume history is not stable...
MANAPPURAM | Seeing a Flag formation in Daily time frame & Weekly time frame shows strong rejection in downside. After a scary H&S pattern the stock gave Wedge breakout but broad market pulled the price down again. Personally one more strong conviction it has taken a great 20 EMA support in Weekly pattern. CMP : 153 Strong demand zone : 140 Target : 180,190
Coalindia is oversold on monthly levels Weekly RSI is showing some recovery on Daily chart its making a triangle formation Buy above close of 135 T1 = 145 T2 = 165 T3 = 195 and more as per Fib levels SL = 118
CMP : 378 SL : 363 Target : 413 RSI Bullish divergence at Trendline Support
Greetings ! (1) Price and strength of rally: Today, TCS though has declined , strength of decline has weakened. This is demonstrated in the net change in closing price. Previous close was at 1658. Today, closing price is 1654. (2) RSI: Let us sift price drops and corresponding RSI at the bottoming out. Historically, TCS has witnessed much higher RSI at bottom...