The movement of Nifty was directionless this week. From last three weeks Nifty has kept traders on the edge and has been teasing both buyers and sellers. We can see a tri star doji formation on the weekly charts at resistance, tough doji does not mean outright sell, it depicts chaos and confusion. We should not discount the fact that the trend is up and yet no...
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...
HEROMOTOCORP: The stock has been into tight sideways consolidation since few week. The whole auto sector picked up, leaving behind hero motocorp. In todays session the price broke away from the kumo. Even on the weekly charts the price is below the kumo. RSI is into 60 – 40 zones, displaying no signs of strength as of now. To establish strength Heromotorcop needs...
American Airlines Group – AAL has resigtered a fresh breakout from a consolidation zone. The RSI on the daily charts is close to 72 levels, on the daily charts the big white candle closing above the kumo is an indication of strength. Further there is a kumo crossover as well that indicates strength. The stock is expected to move to 35 levels in coming sessions,...
ITC HAD MOVED DOWN WITH HUGE VOLUMES AND FORMED A GRAVE STONE DOJI.
ONCE THE PRICE OF 279 IS BREACHED, TARGET IS 274.
A PERFECT CASE FOR SHORTING, AS PER ICHIMOKU.
Though i do not trade crypto currencies and also not much aware about the fundamentals of various such existing currencies but i try to do technical analysis of some prominent coins as it helps me understand the play in highly volatile setups.
BNB looks to have made substantial gains in short term and its bullish structure is still intact as per ichimoku.
I expect...
CUMMINSIND has gained 3.16% on NSE with 3.45 times its average volumes supporting fresh long positions in FNO segment on NSE. The stock is in an uptrend trading above ichimoku.
Take a JAN Positional Long on this stock in Options. Please consult your financial adviser before investing.
BUY AT : 848
Stop-Loss: 828
Target 1 : 890
NSE:JISLDVREQS BSE:JISLDVREQS
Present scene..
1.The Kumo cloud in the weekly will give temporary support to the falling prices ..
2.The Price action is present between weekly support S1 and weekly pivot
3.The 0.283 arc support
4. Median line of pitchfork , price magnet theory..
5.Fibo support of 0.5BC of the Reciprocal ABCD...
Why crack down expected......
HDFC is definite uptrend channel. Pure price action suggests decent trade available for 5/7 or a profitable swing trade for this month's futures contract. But observe Ichimoku.
1. Chikou (Lagging Indicator/Light green line) is well clear of price and upward pointing. Bullish
2. Kijun Sen (Red line) is a very strong support. Price seems to have rebounded. (Candle...
Nifty Analysis:
Previous OI PCR: 1.3
General Trend:
Nifty has spent 5 months near the middle of the channel on the monthly chart and is now looking to break out.
On the daily chart, since June 10, Nifty has been trading within a narrow 300-point range.
From June 5th to 14th, no candle on the daily chart has closed below the previous day’s low.
Over the past...
Formation of descending triangle having ichimoku cloud as range shift is extremely useful for traders. If breaks neckline along with 200 ema then serious drop else if breaks out ichimoku cloud and descending channel then great for long.
Do not assume and enter until unless either side of mentioned criteria fulfills
Buy below .6698
Target 1 = .7167
Target 2 = .7604(only with trailing stop loss)
Stop loss = .6235
And like I always say do not believe in what I say or post, sometimes I don’t believe myself. It’s not a suggestion/recommendation/advice to buy/sell
Just paper trade.
GG.
In the dynamic world of stock markets, where fluctuations are the norm, NIFTY has recently exhibited a fascinating trend – a volatility compression for 5 days in a range of 20780 to 21050. Over the last five trading sessions, the NIFTY index has remained remarkably stable, fluctuating within a range of nearly 1%. This pattern, often associated with the strategies...
MANYVAR qualifies for long entry now.
Volume is greater than previous session by 70.69%.
Volatility:
ATR% of the stock is 2.56%
Moving Average Observations:
Price above 50-day, 100-day and 200-day Moving average.
RSI Observations:
The Daily RSI indicator has crossed above 70 in the current session. Current Daily RSI reading is 70.99.
ADX Observations:
The...
CRUDEOIL LOOKING WEAK AS PER ANALYSIS
Moving Average Observations:
Price below 50-day, 100-day and 200-day Moving average.
RSI Observations:
The Daily RSI indicator has remained below 50. This is a bearish zone. Current Daily RSI reading is 42.43.
ADX Observations:
The Daily DMI position remains bearish.
Donchian Channel Observations:
Price is below middle...
