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Bank Nifty - EMA on RSI indicator provides trend signals. Those friends who have been following me for some time, know I use EMA on RSI for estimating the trend / direction of Nifty n Bank Nifty . Many of you might have seen, (others may check my previous posts / ideas on this forum) where I have used this ( EMA on RSI ) as a effective system for determining trend. The attached chart uses an EMA (Nine periods) over RSI (21 Periods) on a Two hour Bank Nifty chart, a few trend reversals have also been marked on for better understanding with real time examples. There have been a few false signals too, as Bank Nifty has been far more volatile in comparison with Nifty, I am working on identifying some other combination of RSI, EMA periods, that provides better signals. Traders / Investors that are not much familiar with technical indicators may try this simple strategy and take better trade decisions. I must add, it is not as effective as the trend lines on RSI, but can be a effective tool for the ones not well versed with drawing trendlines manually. As it can be seen from the chart, the system is showing a clear continuation of up move . If you are a beginner, you may require help in setting this up on your system. You may post your precise queries in posts, I'll try to answer. Please consider hitting the LIKE button, if you find this post or idea worthy / informative. You may also FOLLOW me for periodic updates on Nifty , Bank Nifty or select stocks. I also share update on Silver and Gold whenever there is a major trend reversal.
NSE:BANKNIFTYLong
by ipuneet
4
RTNINDIA: Journey Above Crucial EMAsAfter experiencing a prolonged five-month downtrend, RTNINDIA has successfully breached its downtrend line and closed above this key resistance level, accompanied by a noticeable increase in trading volume. This upward momentum indicates a potential shift in market sentiment toward the stock. In recent trading sessions, RTNINDIA has not only closed above the 20, 50, and 100-day EMAs but is also approaching the 200-day EMA. The significance of closing above the 200-day EMA cannot be overstated, as it is often considered a strong indicator of bullish tendencies in the stock. A sustained position above the 200-day EMA could propel the stock toward its next significant long-term resistance level at 90 . Investors should consider a long-term stop loss set at 65 to manage potential downside risk effectively. This strategy allows for participation in potential upside while safeguarding against unforeseen market fluctuations. Disclaimer: The information presented in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any securities. It is imperative for investors to conduct their own due diligence and research before making any investment choices.
NSE:RTNINDIALong
by NiftyNotions
Strong Support From 200 EMA + Breaking Descending Trendline✅The stock is currently testing a descending trendline that has been acting as resistance since August. A breakout above the 1900 level would confirm a reversal and signal a potential move toward higher levels. Traders should watch for a close above this trendline to confirm the breakout. ✅ The stock has successfully held above the 100 EMA and 200 EMA showing strength and a long-term bullish structure. The EMAs have provided solid support during recent pullbacks indicating that buyers are stepping in at lower levels. ✅ The stock has been consolidating between 1800 and 1900 for the past few weeks forming a base. This accumulation phase typically precedes a breakout as buyers accumulate shares in anticipation of a move higher. ✅ The RSI stands at 55 which indicates a gradual build-up in bullish momentum without being overbought. The RSI has been rising steadily suggesting that the stock is gaining strength and may see more upside if the trendline is broken. ✅Once the stock breaks above the descending trendline the next resistance will be around 2050 where previous highs are located. A successful breakout could push the stock towards 2200, representing a 15% upside from the current price.
NSE:JBCHEPHARMLong
by Marketik
Approaching Key Resistance with Strong Support from 50 EMA ✅The stock is in a strong uptrend, consistently forming higher highs and higher lows, supported by the 50 EMA and an ascending trendline. The stock is now approaching a key resistance level around ₹520, which has been tested multiple times. A successful breakout above this level could lead to further bullish momentum. ✅The 50 EMA has provided reliable support during pullbacks, maintaining the stock's upward trajectory. The confluence of the 50 EMA and the ascending trendline reinforces the strength of this support zone.
NSE:PRICOLLTDLong
by Marketik
APTECH Testing Support at 200 EMA with Potential Trend Reversal✅The stock has been in a downtrend, forming lower highs and lower lows, indicating bearish momentum. However, it is currently testing a key support level near the 200 EMA, which often acts as a significant level for potential reversals. The 200 EMA, combined with the horizontal support, creates a critical zone where the stock could either bounce back or break down further. ✅The area around ₹210-₹220 has acted as a strong support level, preventing the stock from declining further. The confluence of the 200 EMA and the horizontal support makes this an important level to watch for potential bullish reversal signals.
NSE:APTECHTLong
by Marketik
EURUSD rebounds from key EMAs as bearish channel, US NFP eyedEURUSD remains mildly bid around 1.0830 early Thursday as it defends the previous day’s recovery from the 200-day and 100-day Exponential Moving Averages (EMAs) after the US Federal Reserve’s (Fed) dovish halt of the benchmark rates. It’s worth noting, however, that bearish MACD signals and a week-long descending trend channel challenge the Euro pair buyers ahead of the top-tier activity and employment clues from the US, scheduled for publishing later today and on Friday. That said, the steady RSI (14) line hints at a continuation of the latest rebound. As a result, the bulls should wait for a clear upside break of the stated channel’s top line, close to 1.0855 at the latest, and the US ISM PMIs and Nonfarm Payrolls (NFP) data for conviction. Following that, the quote’s gradual run-up toward the 1.0900 threshold can’t be ruled out. However, an upward-sloping resistance line from early April, near 1.0950 by the press time, followed by the 1.1000 threshold, will be tough nuts to crack for the buyers to crack. On the flip side, an area comprising the 100 and 200 EMAs surrounding 1.0810-800 restricts the short-term downside of the EURUSD pair. If the Euro bears manage to smash the stated EMAs on a daily closing basis, the falling channel’s bottom line will act as the final defense of the sellers around 1.0785. It’s worth noting that the 61.8% and 78.6% Fibonacci ratios of the pair’s April-July rise, respectively near 1.0730 and 1.0670, could act as intermediate halts during the pair’s weakness past 1.0785 and on the way to the yearly low marked in April around 1.0600. Overall, EURUSD is likely to remain firmer but the room towards the north appears limited. Also challenging the pair buyers is the cautious mood ahead of the US ISM PMI and employment figures for July.
by MTradingGlobal
Breaking Triangle Pattern, Strong Support From 50 EMA- Triangle Pattern Breakout: Sobha has broken out of a triangle pattern, indicating a potential change in trend direction. This breakout is a bullish signal and suggests the possibility of further upside. - Rising RSI: The rising Relative Strength Index (RSI) indicates increasing strength in the stock's uptrend. This is a positive sign and supports the bullish outlook. - Support from Lower Trendline and 50 EMA: Sobha is receiving strong support from both the lower trendline of the triangle pattern and the 50-day Exponential Moving Average (EMA). This support adds to the bullish case for the stock. - Technical Outlook: - Breakout Confirmation: The breakout from the triangle pattern confirms a potential uptrend. - RSI Strength: The rising RSI suggests that buying pressure is increasing, supporting the bullish momentum. - Support Levels: The strong support from the lower trendline and the 50 EMA indicates that the stock is well-supported and may continue to rise. ### Conclusion: Sobha has broken out of a triangle pattern with support from rising RSI, indicating strength in the uptrend. The stock is also well-supported by the lower trendline and the 50 EMA. Traders and investors should consider the breakout and the supporting factors in their analysis and watch for further confirmation of the uptrend before making trading decisions.
NSE:SOBHALong
by Marketik
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND) Timeframe: Weekly and Daily Technical Analysis: Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term. Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND. 50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement. Trade Rationale: The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment. Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND. GODREJIND is currently in a demand zone, providing additional support for a potential upward movement. The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory. Trade Parameters: Entry Point: Within GODREJIND's demand zone. Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management. Take-Profit: Targeting a conservative upward movement of 20% to 50%. Exit Strategy: Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated. Risk Management: It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy. Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
NSE:GODREJINDLong
by nidinsree
Nifty: Trading between 21 day EMA and 50 day EMAFor most part of the August month, Nifty has been trading between 21 day EMA and 50 day EMA - the monthly average for Nifty Futures is around 19490 Nifty likely to open gap up. However one needs to watch out for 19389-19424 zone If after gap up, Nifty sees rejection in this zone and falls below 19385, then pullback rally may be considered to be over and we might see continuation of downfall. Cautious if Nifty trades above 19430. View gets invalidated if Nifty closing above 19490 Take care & 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
NSE:NIFTYShort
by indiamarketoutlook
1