Price Momentum is decreasing in Daily chart and the price is at Daily resistance area. Volume is also decreasing according to daily chart. Price is at thinnest part of Ichimoku Cloud and about to breach it.
If breached 3280 Convincingly , It could be a major Breakout. Otherwise it may reverse till 3200.
Long above 3280, SL 3235, Target 3345/3380
***Positional Trade***
Trendline and Ichimoku Cloud Bottom Break At the Same time
with Volume Supporting a break.
Short Below 492.50, SL 497.20
TRGT 483.50,
BUY UNION BANK ABOVE 60 WITH A STOPLOSS OF 58 FOR A TARGET OF 65
ICHIMOKU ANALYSIS IS STRONGLY BULLISH , STOCK IS AT KIJUN BOUNCE.
GOOD OPPORTUNITY FOR FRESH LONG
THOSE WHO ARE ALREADY BULLISH CAN DO PYRAMIDING HERE.
JOIN MY FREE TELEGRAM CHANNEL SEARCH @TWITTERMEMBERS
ITC signalling a buy @ 250 according to Ichimoku daily charts and what makes the trade even more interesting is that the price is supported by the 50 days Moving Average. However be cautious as there is a Signal Line crossover above the MACD line which may well be a false signal as ITC has been making higher low and higher high in the daily chart since Sept 2019...
There is a bearish divergence in it's hourly chart and since it's breakdown on 30th Sept, 2019 (with a previous swing high of 1555), This stock had hit a low of 1191 and had retracted excess of 50% since then. It is strongly Bearish according to the Ichimoku cloud system in both the hourly and weekly charts and it is very likely that this downward trend with...
Considering the lagging Span closing above the clouds and the last bar closing high at the end of the market timing it could be said that SBIN is a good buy on Monday.
Traders and some people are still biased bullish after we broke the long term support trend line , the market is trying to say something follow the trend MA's are curling down price is out of the weekly Ichimoku cloud my next confirmation of a longer term bear market will be if we have a monthly MACD cross ,3 day CMF going negative , weekly RSI going below 40 ,...
On HDFC Chart 4th Nov. '19 Bar has closed above the cloud and today i.e. 6th Nov. the Chikou Span indicator is also showing above the cloud. It signals a very good setup to go LONG. There has also been an unwinding of CALL Open Interest at different strike prices. Its a good sign.
Medicine Man Technologies Inc (OTCMKTS:MDCL) shares have been ripping higher as the company continues to pile into an aggressive M&A roll-up strategy that could spell accelerating top-line growth for the company. Right now, the stock is trading at 14x sales, which puts it solidly in a sweet spot for momentum/growth strategies.
The company is capitalizing on...
PNC INFRA HAS A DOJI FORMED YESTERDAY.
GO LONG FOR TARGET OF 220 / 240 IN THE COMING DAYS, ONCE IT IS TRADING ABOVE 210.
IF IT BREAKS 196 LVL, THEN IT CAN GO DOWN TO 175 LVLS.
AS ICHIMOKU CHART IS BULLISH AND PRICE HAD COME BACK ROM 220, IT IS ANALYSED THAT IT WILL HAVE UPWARD MOVEMENT.
Bank Nifty is a probable Bullish Harmonic Dragon set up, currently at Ichimoku based support level. A bounce back from here could take it to 29000 where both daily/weekly resistance is found next. View would be negated if it goes and sustains below 27775
AS PER REQUEST FROM MR. ATREHAN ON HOW 70.73 EXACTLY SHOWN. THIS IS THE 50% FIB LEVEL AS SHOWN BY THE KIJUN.
THE CHART IS BULLISH IF ONE WANTS TO ENTER, LET THE RESISTANCE AT 71.1 BE CROSSED.
BUT, ICHIMOKU WAVE PATTERN AT 71.1 IS NOT ACCEPTING. HENCE, WAIT FOR EITHER SIDE DIRECTION.
