A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:SNOWMAN
MACD already 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.
If you like it Make the rocket fly to boost the idea.
Risk...
Jagran Prakashan is showing a breakout from Flag pattern on shorter time and a cup & handle pattern on a bigger time spread. This can lead to price rise to 162-200 from the current price of 112. Other factors:
1. Election time: We can expect good revenue
2. MACD : positive
3. RSI : above 60
"Clean Charts, Easy Charts"
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Cheers!!
The Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.
The US CPI beat expectations for the second consecutive month with the disinflationary trend reversing.
The US PPI beat expectations across the board by a big margin.
The US Jobless...
As the stock is trading in limited range from last 4 months, now the following is noticed :-
1. MACD crossover on daily chart near just below the centre line which can be crossed with heavy price action.
2. RSI crossed yellow line turning to be bullish.
3. Trading above 20 and 50 days moving averages.
4. The consolidation phase between 240 and 300. The stock...
EURUSD seesaws between a one-week-old rising support line and the 200-SMA resistance after rising to a three-week high the previous day. In doing so, the Euro pair portrays the market’s indecision ahead of the second-tier German statistics. Even so, the major currency pair is on the way to posting the biggest weekly gain in 2024. That said, the sluggish MACD...
NSE:SKIPPER is expected to break past its resistance and may rally up to 20% in the near future.
Technical Reason - NSE:SKIPPER had been on a downtrend in the first half of December before resuming its upward movement from 22nd December. NSE:SKIPPER has been on an uptrend ever since breaking out from its downtrend channel. NSE:SKIPPER has always...
Gold price remains firmer for the fifth consecutive day while extending the previous week’s rebound from the 100-SMA within a nine-week-old bearish trend channel. In doing so, the XAUUSD buyers prod the 50-SMA upside hurdle while keeping eyes on the Federal Open Market Committee (FOMC) Meeting Minutes, up for publishing late Wednesday. Given the quote’s sustained...
The Nifty 50 is currently trading at 22,196.95, up 0.34% from the opening price.
The intraday high was 22,215.60, and the low was 22,045.85.
Technical Analysis:
Overall Trend: The medium-term trend is upward. The index recently broke a resistance level, indicating a positive signal for the short term.
Moving Averages: All major moving averages (5, 10, 20, 50,...
As per daily time frame chart layout, the fwg noticed :-
1. MACD crossover at support.
2. RSI likely to come into bullish.
3. Reversal seen from its support line which is 940 and 960.
4. Market in bullish trend.
So, one can long with SL 940 for 1080 and 1160 levels in Mar series.
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:NATCOPHARM
MACD already 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.
HIT THE ROCKET BUTTON IF YOU LIKE TO BOOST THE IDEA.
Risk...
Hello Guy's, i hope you all will be doing good in your life and your trading as well. I have brought another good stock, which has given Multi year breakout on weekly time frame with huge volume spike on weekly timeframe. This stock has shown very aggressive move in last few trading session. Stock has been double in very short of timeframe. Just 2 months ago on...
Nava – CMP 519.75 | Date 19Feb
Strong uptrend, ready to break the resistance area
ADX upside momentum MACD Signal line bullish crossover
Focus if the price is sustained above 530 with the target of 555 and 587
A Bottom Triangle/wedge shows two converging trendlines as prices reach lower highs and higher lows.
The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
There is divergence seen Price vs RSI and Price Vs MACD .
PLEASE NOTE THAT:
This chart...
Sonata Software Limited (CMP 842) has been making waves in the stock market lately, drawing attention from investors seeking opportunities in the IT sector. Today, we delve into the technical analysis of Sonata Software, focusing on its daily timeframe chart to identify potential trends and opportunities.
Bullish Momentum:
The daily timeframe chart reveals a...
-w pattern breakout did not sustained
-resistance tested multiple time
-support from lower zone
-trading near resistance in higher levels
-volume build up
-rsi taking support
-trading above all crucial levels and ema
-waiting for adx, macd - keep it in your watchlist
-upper trend breakout with high volume
-rsi also gave breakout and looking strong
-rise in adx and macd crossover
-i am expecting high momentum in short term
-can give decent return keep in radar
