BPCL is trying to break flag pattern. We shall buy it once it breaks the pattern for an immediate target of 800 and then to 920+. Other factors:
1. RSI will start moving up
2. MACD will also improve
3. BPCL on daily basis has bounced from 20EMA, showing a strong bullish pattern.
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In February 2024, the stock cleared its previous all time high, suggesting resumption of the long term up-move.
Monthly MACD has also crossed above its Trigger line.
In the past, the stock has shown a minimum test of the 200% Retracement level after clearing all time high.
Hence, price is expected to now touch 5150-5850 zone.
A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:GTPL
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is...
EURUSD bulls take a breather at a six-week high as a rising wedge challenges the quote’s further upside. Apart from the stated bearish chart formation’s top line, the overbought RSI (14) line and sluggish MACD signals also challenge the Euro pair’s further advances. As a result, a pullback toward the 38.2% Fibonacci retracement of the pair’s December 2023 to...
price is at support level and last session green candle with good volume shows reversing from support.
MACD showing reversal signals.
since price is falling from last 2 yrs and this is small support , good to exit soon with nearby resistance
Entry - CMP
Target - Previous resistance
Stoploss - below support line
DAILY: uptrend, but price has not confirmed to cut Ma10 up.
4H: the price adjusts for 2 beats and touches the 6.8 fibo zone in the previous up phase.
-price has increased by 10%.
- The buy signal candle has a full candle body and a large volume that crosses above ma10
-MACD confirms cross up.
-act
- Wait for the price confirmation to increase within 10 days before...
The following observed in the stock:-
1. Bulish Flag Pattern.
2. Breakout from the downtrend.
3. MACD is positive on weekly and daily time frame and crossed centre line.
4. RSI is supper bullish on weekly and daily time frame.
So, 615 and 650 levels can be expected in the Mar series, 560 CE with 540 PE is good to hold for Mar series.
5.
USDJPY reverses the first weekly loss in five while printing mild gains around 150.50 early Tuesday. In doing so, the Yen pair seesaws near a three-week-old horizontal resistance surrounding 150.90-151.00. It’s worth noting that the lackluster RSI and sluggish MACD signals suggest further grinding of the quote below the stated key resistance. The bearish momentum,...
Hi,
Eecepting NSE:BPCL to reach target of 900 Rs. in coming days/weeks. A very nice price action supported by good volume is seen in BPCL. It is also bullish on daily, weekly and Monthly MACD Charts. Expecting the momentum to continue...
NSE:BPCL is currently trading at very good buying levels.
This is for educational purpose only...
USDCHF stays pressured toward 0.8800 early Monday as traders await the key Swiss inflation data, namely the Consumer Price Index (CPI) for February, as well as this week’s Testimony from Fed Chairman Jerome Powell and US employment report for the last month. In doing so, the Swiss Franc pair extends the previous day’s retreat from the highest level since...
Bullish On-Neck Pattern is visible on the weekly chart of NSE:NCC
The stock is making higher high which indicated a breakout on the upper side.
MACD is in positive zone on daily, weekly and monthly time frame.
Entry and Exit levels are mentioned on the chart.
Disclaimer: This is for educational purpose only.
