The stock has made healthy retracement and have now it’s resting on the Kumo. Today’s price action was quite convincing to re-establish the buyers into the stock. The RSI is taking support on the bullish extreme levels with MACD curling up indicating momentum is picking up. If ONCG gets overall support from Nifty, the stock is expected to pull up strongly from...
SUNPHARMA: The stock bounced off from a very strong support level. The momentum is supporting buyers. The RSI is well into the bullish range along with MACD which seems to be comfortable in bullish area too. A minor resistance is hindering the move at 430 above which a move past 500 levels are expected.
IDFC FIRST BANK: The stock has taken support at multiple pivots and bounced with strength. The momentum is positive as shown by MACD as it is above the zero line in positive mode. The RSI is displaying strength above 50 levels on the daily charts. A strong close above 43 will be very positive with stock and it can move to 46 levels. A move below 40.50 will not be...
Giving a look at the Nifty weekly chart. The index is moving into gap zone plus RSI is near 60 levels. Though the daily charts don’t display any caution yet, but 60 levels on weekly’s are pressure points. The week is still on, so the analysis will make sense only after the weekly close by Friday. But the exuberance is building up, emotion outburst are generally...
The stock seems to be into a corrective pullback. The RSI is halted near 60 levels and curled down. The correction may take the shape of ABC pattern. Breaking of the upward sloping channel will confirm the pattern.
NSE:IBULHSGFIN Perfect morning Star add till 460 in small qty keep sl 424 T 500 550 600
The pair has plunged after the Australian CPI data. Now, it has formed an inverse head and shoulder pattern in the 15-min chart. Also, the RSI indicator has backed up the bullish reversal formation with an inverse head and shoulder pattern of its own. Hence, we expect the pair to pullback from the lows to the resistance of 78.870.
BUY AROUND 303 SL 297 TARGET 1 309 TARGET 2 315 TARGET3 321 POSITIONAL VIEW CASH CALL
NSE:JETAIRWAYS has corrected nicely recently falling from the levels of 590 to sub480. Jet airways seems to be respecting the support trend line. Stock made a dogi to signal the time for reversal. RSI of stock also suggest oversold stock. Buy Jey above 490 (aggressive buys can buy above 484 with high risk) Target - 530 / 540 / 580 SL - 470
Support and RSI correction on LICHSGFIN and the levels are mentioned on chart. Trade: Long above - 678 Target 1 - 698 Target 2 - 715 Stop loss - 661
Double Bottom on Daily chart . RSI at 31.45 Near long term support. Buy for target of 675 Stop loss below 600
Rsi oversold area divergence on 5 min chart and bullish bat pattern on 15 min chart of Deepak fertiliser stoploss - 255 Target - 278 and 284
Buying kotak bank because of price is at rsi oversold area on daily chart and strong bullish candlestick marubozu type formation with good volume,weekly chart is also at rsi support zone and target is based on Fibonacci Stoploss - 690 Target 1 - 747.45 Target 2 - 781.31
Beautiful Wolfe wave trade with good Risk to Reward ratio may give a good start for the NEW YEAR 2017 for my trading mates. Wishing you all to be prosperous.
BankNifty is moving in the down sloping channel. RSI is coming out of Oversold area so it may try to touch the other side of it or at least the touch on trend line is possible. One can enter long at this level.
Trade able Wolfe wave with RSI divergence can generate a reasonable trade at this juncture. One can take advantage of it with small Stop Loss and good risk to reward ratio. Good Luck