IRCTC: Ready for a Breakout with Strong Support from 200 EMA
The stock is currently trading near a strong horizontal support zone at 880-900 levels, supported by the 200 EMA, which indicates strength in this area. A descending trendline resistance is observed at approximately 950 levels. A breakout above this trendline with increased volume could trigger a bullish move. The RSI is also showing a positive divergence, hinting at a potential reversal. Traders should keep an eye on the breakout from the trendline, which could take the stock towards higher levels, making it an attractive buy for swing traders.
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MOIL | 50 EMA BO | Huge Potential Upside | Demand Zone MOIL is currently seems in hold position. The stock is near a strong support area, aligned with the 50 EMA, indicating a potential for a bounce if buying pressure builds up. However, there is noticeable resistance in the supply zone above. The RSI is neutral, pointing to a possible consolidation phase. A breakdown below the support area could trigger a sell, while a breakout above the resistance would signal a buy. For now, it’s advisable to hold and wait for a clearer movement in either direction.
Disclaimer this is strictly only for study purpose.
Strong Support at 50 EMA with Breakout Potential- Looking Strong###
Timken India has established a strong support zone around ₹3578, coinciding with the 50 EMA, providing a robust base for further upward momentum. The stock is trading above this support, and the RSI is showing positive divergence, indicating growing bullish momentum. A successful breakout above ₹4000 could propel the stock towards the ₹4500-₹4700 range in the near term. Traders should watch for increased volume on the breakout for confirmation.
Breaking Out, Supporting 200 EMA in Accul. ZoneNSE:HINDCOPPER is breaking out of key levels with strength respecting 200 EMA, which was accumulated between 290 and 320 Zones.
With China's Stimulus and Rate Cut ExpectationsCopper Prices have risen. Nifty Metal also Went up Today.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Rico Auto near EMA support.There is a very high probability that the stock of Rico Auto can bounce back from the 50 EMA levels. In the past, we have seen many times, that the stock has taken support from the same level. On any bullish signal, we can take entry for the next swing trade. Keep the stock in your watch list. This is for your educational purpose only.
TITAGARH : Fib + 200 EMA SupportThe chart shows that the price is currently near the 200 EMA, coinciding with the 0.618 Fibonacci Retracement level, which is considered a strong support zone. These two indicators are likely providing solid support. However, it's possible that the price will consolidate or remain range-bound before making an upward move, which could further strengthen this support.
Breakout from Symmetrical Triangle with 100 EMA Support
✅ The stock is trading within a symmetrical triangle pattern, indicating a potential breakout. It has recently crossed above the 100 EMA, which acted as dynamic support, strengthening the bullish sentiment.
✅ The RSI is trending upwards and is currently around the 63 mark, suggesting increasing bullish momentum. The recent surge in volume further supports the possibility of a breakout.
✅ A successful breakout above the upper trendline, combined with sustained volume, could push the stock towards higher levels, potentially targeting ₹1,900. Traders should monitor for a close above the trendline to confirm the breakout.
State Bank Of India Support on 200 EMA | Swing Trade SBIN Stock Support on 200 EMA
RSI above 40
(Long Term price Support at 730 if you are long term investor that you enter 50 % Near 780 or 50% add amount Near 730) SL 720 TG 885
Short term trader enter @785/775
SL 760, TG 825/885
Disclaimer :-
: I am just share my personal view as a trader.
: Everything I discuss is for educational purpose only.
: Please consult your financial adviser before taking any decision.
: Trading in Equity market involves risk.
: I am not responsible for any losses incurred by following this chart.
LIC Housing Finance Rebound from 50 EMA Support
✅ The stock has rebounded strongly from the 50 EMA and is approaching the upper trendline of the channel. This indicates renewed bullish momentum.
✅ Immediate resistance lies around 725. A breakout above this level could push the stock higher. Support is seen at 675, reinforced by the 50 EMA. RSI is near 56, showing positive momentum with more room for the upside.
TON trying to breach the 200-day EMA Notably, the TON price has started to display a bullish presence from a critical support zone of $5. At press time, the TON trying to breach the 200-day EMA but was struggling to breach at that point. The price needs a driving catalyst, and the probability of Pavels releasing news could fulfill that role.
Now, based on its release, the enthusiasm could advance, which can take its price higher. So, the upcoming month is crucial for TON and has a nail-biting suspense regarding Pavel's case.
Nifty: Is 21 day EMA retest on the cards?- we are looking at Nifty daily charts
- Nifty is currently roughly 540 points (more than 2%) above 21 day EMA
- the gap is above historical average levels
- some cooling off in Nifty can not be ruled out
Given the set up, my strategy
Sell Nifty 29 Aug 2024 25200 Call Option around 180
Yield potential 8% approx. on Margin
In built protection for a rise up to 25380 levels
Review point 25100
For those looking to reduce risk even further, they may consider to Buy 25500 Call Option currently around 105
The modified strategy can provide an ROI of around 10% and limit the loss as well
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Detailed Technical Analysis of SJVN LTDKey Observations:
1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern.
2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest.
3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes.
4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA.
Entry point : An entry point around 140 offers a favorable risk-reward ratio.
Targets:
Target 1: 150, which is the next resistance level.
Target 2: 160, near the all-time high (ATH) zone.
50-day and 200-day EMAs are bullishDespite pessimistic news regarding the Toncoin (TON) and deteriorating major metrics, the TON technical charts exhibit bullish behavior. A higher-high swing price action was witnessed on the daily chart.
The long-term trend-based 50-day and 200-day EMAs are bullish, as the prices are trading on top of them, and the bands are acting as dynamic supports for them.
The other technical tools, including the MACD and RSI, highlight pessimism for the crypto asset. As MACD has formed a bearish cross, and RSI is below 14-SMA. Therefore, if the TON price breaks the trendline below and surpasses the last swing low, the TON price could turn bearish.
On the contrary, if the TON price surges from the upward trendline, it could go to a higher level once it crosses the $8.0 mark.
Pepe Crypto Rebounds From 50 day EMA!Pepe Crypto Rebounds From 50 day EMA!
Pepe crypto has stabilized near the 50 day Exponential moving average and bounced back to the higher side. The crypto made a breakout of a trendline resistance marking an end to its correction phase. The weekly gain stands around 15% despite the weakness in the broader market weakness.
Pepe enjoys being the 23rd cryptocurrency by market capitalization with a live market cap of $5.2 Billion. The transaction volume has jumped by over 19.47% a day to $1.04 Billion. The volume to market cap ratio is 19.53% suggesting mild volatility in the crypto.
The positive volume inflow along with the breakout points towards the continuation of the higher low pattern formation. The PEPE price may look to reclaim the upper supply of $0.000017 if the bulls successfully conquer the recent hurdle of $0.0000135
This Stock Has Broke A Long-Term Resistance with EMA Support✅The stock has been trading within a rising channel, encountering a 4.6-year-old strong resistance. Recently, the price has broken above this resistance, showing a potential bullish continuation.
✅ Immediate support around ₹180, aligning with the lower trendline. Stronger support near the 50 EMA at ₹154 providing a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 67 trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line close to crossing above the signal line, suggesting a buy signal.