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.
The stock has been in an uptrend since its listing.
In February 2024, the stock cleared its recent consolidation phase by clearing its previous all time high, along with Weekly MACD crossing above its Trigger line.
Past price behavior suggests that rally could be strong and quick.
Conservative target (decreasing FR sequence) is around 2800.
Bullish view...
Set of the stock,
1. MACD reversal seen on daily time frame just below centre line.
2. RSI is in bullish.
3. Stock trading above 20 and 50 days moving average
4. Most important volume is all time high in last 7 years.
5. Stock away from his 52 week high.
So, hold for 650 and 750 target in next two months.
The setup in HDFC LIFE for next one
month :-
1. On 4hr time frame chart layout, MACD crossed centre line, stock can be considered in uptrend.
2. RSI is above 55, can be considered bullish.
3. On weekly time frame, the reversal seen due to formation of bullish candel.
4. Stock trading in a range beyween 560 and 590 which is a signal of bottom down of the...
The stock has decisively cleared its previous all time high of 2485.
The Weekly MACD has also crossed above its Trigger line.
The recent rally has been supported by high volumes.
Past price moves suggest that the up-move is expected to continue and test 261.8% FR level around 3700.
Bullish outlook remains intact as long as prices sustain above 2485.
NSE:AGI
This stock has formed a pattern called Double Bottom.
A "double bottom" is a chart pattern used in technical analysis to predict a potential reversal of a downtrend. It typically occurs after a prolonged decrease in price and consists of two distinct lows at approximately the same level, separated by a moderate peak.
target price for the intermediate-term...
ABFRL price is rested at good support zone and reversing with good green candles and good green volumes.
MACD also showing good reversal.
good for swing entry
EURUSD stays defensive around 1.0820 as it rebounds from the 50% Fibonacci ratio of the October-December 2023 upside. In doing so, the Euro pair prints the first daily gain in four while approaching the 200-SMA resistance surrounding 1.0830. Not only the 200-SMA but the 50-SMA level of around 1.0870 also challenges the pair buyers. Following that, the lat January...
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:IOC
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 based on my...
A Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:IOC
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...
The price of spot Gold (XAUUSD) defends the previous day’s rebound from a weekly low despite lacking momentum around $2,035 early Thursday. In doing so, the yellow metal portrays the market’s anxiety ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the US Core Personal Consumption Expenditure (PCE) Price Index. It should be noted that the...
Today price break the trend line. As we can see price create a head and shoulder pattern. It's indicate that price will go down with in couple of days.
Indicator:
MACD divergency.
Support 1: 1042
Support 2:1032
if we can see a bearish candle create near 1042 then we can take short position target of 1032 .
KNR construction
price is at 200 day EMA and also testing neckline of previous rounding bottom
MACD 12-26 crossover
momentum is yet to set in ...can accumulate at current levels
