NSE:BLUESTARCO
The stock is seen trading presently in a broad ascending triangle pattern. This is a bullish pattern and especially more potent as it is formed over couple of months. The stock is staring at a breakout from the current formation. Daily MACD has reported a positive crossover. Weekly MACD too has reported a positive crossover. They both are bullish...
We seem poised to breach 100EMA on the daily chart . My hypothesis is that if that happens, we might see a brief rally to around 9.9k before a potential ominous news pulls us back below that line. The precedent can be seen when this happened last on 2/27. BTCUSD 0.19% had closed at 10.4k that day after briefly teasing the 100EMA on the daily. That day, MACD was...
Expecting the scrip to surpass 52-week high with ascending channel as the small-cap company has strong fundamentals as also mentioned here :
www.moneycontrol.com
"The company’s names is Fineotex Chemical which is also known as FCL. Let us put it this way the company is one of India’s largest textile chemical manufacturer which provides customised solutions to...
The stock tested highs at 1425 in the early part of 2018 and since then has been under corrective consolidation. The stock formed a base around its multi month pattern support area of 1190-1220 which falls within close vicinity of the 200-DMA. After pulling back, stock attempted a breakout while closing above its upper Bollinger band. However, it saw a temporary...
Pls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target.
Vijayaraghavan
Kovilpatti.
After long downtrend in Tata Motors, It looks like trend is on the cusp of reversal. Please wait for trend confirmation on MACD line to cross upward as well as upward price on high volume. Following positive points Few points to keep watch.
Hourly chart shows 50 SMA upward diversion around 370 price. If it can maintain 370 support and start moving up in channel...
One of the strongest coins fundamentally in 2018. Saw significant price action when Lightning network was finally implemented. One of the most undervalued cryptos from the pre-August bull run. Stoch RSI is nearing 0, MACD is making high lows indicating the downtrend has run out of juice. As LTC falls, MACD is rising, showing negative divergence. Moving as per...
Bullish Divergence noticed in NSE:GODREJCP along with Bullish crossover (%K line rises above %D) and bullish MACD crossover (MACD crossing above signal line). Bullishness should remain for next week (26thFeb to 2nd March) that can take stock to 1070, 1092 & 1128 levels.
HDIL (NSE) for some time is trending in a rectangle and currently at a very strong support zone. It seems to be bouncing off it. It a good opportunity to go long. I am waiting for 1 day candle to close above 52. RSI shows a reversal however MACD is yet to cross over.
Three things to keep a note of-
1 day candle closes above 52.
MACD crossing over
RSI showing...
WELCORP
1) ON DAY CHART RSI IS 68, RETEST OF BREAKOUT WILL OCCUR, RSI COME DOWN, MACD LINE MAY COME CLOSE TO MACD SIGNAL LINE, THEN PRICE COME TO BUY ZONE
2) FROM HERE IF PRICE MOVES UP IT CONFIRMS THE UPTREND
3) TAKE SMALL LOSS IF IT GOES AGAINST THE TRADE PLAN
as we can see after checking price movements and checking the MACD & RSI & specially MACD STRATEGY , we can find out the price will continue going up! 3 target point can be the goal. and each one is possible after breaking up the last one and confirm staying top of that, good luck
BTC bull run has been a wonder of sorts in 2017. No trader in their history of trading would have seen anything similar to this. No technical analysis can be applied to BTC movement, but despite that I'd do this TA.
The ticker is known to trade in a parallel channel. It's been in this channel since a long time and it's currently at fib level 1. It'll most likely...
This is going to be a risky short term trade. I see a flag formation in the 1 hr chart.
MACD is about to get into a +ve divergence.
The pole length is ~77 points.
In the 4hr chart MACD is still in a bullish divergence.
RSI is over bought, but my guess is it still has some room for buyers.
That said, I'd recommend to enter ~336
Target ~418
Stop Loss ~320
As...
Good positional traders always look to trade the range.....
Now there are two different chart patterns on different time frames
1)WEEKLY
Chart shows the stock is in almost a flag formation with a pennant shape
I rule it as a pennant price is reaching its upper end and the stock has gained momentum shown by "MACD"
It is important that in the expiry week the...
Weekly MACD cut and daily MACD Crossover will helps to break the triangle. In mid term view it may reach the new higher levels.
CMP: 3557
Targets are
3780, 3807, 3920, 3994
4084, 4110, 4206, 4243
4286, 4365,, 4392, 4619
Stoploss: 3376
Vijayaraghavan,
Inditrade,Kovilpatti
