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...
POSITIONAL TRADE IN PNB
VIEW:-
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
BUY@67
STOP@60
TARGET 1@75
TARGET 2@84
LOT:7000
QTY:2
Nifty has gained around 9% in one month and it is very likely that it may reverse.
RSI and MACD have also shown a signal of reversal.
Short nifty for a target of
TGT 1 - 11390
TGT 2 - 11330
TGT 3 - 11250
SL - 11650
BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...
NSE:TATACHEM
CMP:720
1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Vijayaraghavan.K,
Kovilpatti
All indicators are slightly turning to positive side on weekly and daily charts. Buy @ CMP or (283-286). Weekly low RSI,Daily MACD Crossover are helps to reach the targets. Triangle breakout also slightly done.
Vijayaraghavan.K
Kovilpatti.
Indicators are slowly turning to positive side. MACD crossover may happen on coming weeks in weekly chart and RSI,CCI,Stochastic are in positive mode in weekly chart, ADX showing bearish reversal. These are in Indicators/Oscillators side. Patterns side, Round bottom and triangle breakout also leads to finish the targets.
Vijayaraghavan.K
Kovilpatti
1 hour and daily chart indicators are going to turns positive side. If it goes positive side, weekly chart will turns positive. MACD crossover also going to happen. Buy at this level with minimum stoploss.
Vijayaraghavan.K
Kovilpatti.
In weekly and daily chart, signal line cross over in MACD,RSI positive will help to move up further.
Targets are from weekly chart
84.2
87.2
90.6
91.15
93.25
Stoploss: 78.4 on closing basis.
Vijay,
Inditrade,Kovilpatti
I waited patiently for Price to Reach the Top of the Trend Line Channel. Once it reached the top i realized the Highs on the MACD were higher than the Last Swing High (Hidden Divergence). Momentum started pushing towards the Down Side. I placed a Sell Stop at 1.65074 and set the Stop Loss at the bottom of the last Demand Zone.
After Marking up my charts on the Daily Time Frame I realized that Price was at the bottom of a channel at 0.85209. Price then consolidated and retraced to a Stronger Daily Supply Zone. MACD was showing strong a Divergence directly at the channel. Once i seen Momentum in the upward direction I waited for Price to Cross the 20 EMA. Entered and set the Stop Loss at 0.84971.
