Happy Diwali to all !!!!!
Alkem Labs has broken the neck from a cup &handle pattern. On daily basis it has shown 2 green candles post the neck breakout. We can expect a rise in price up to 30-35%. Other parameters:
1. RSI is above 60
2. MACD is making green histograms
3. Volume looks good
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
IRCTC is showing 3 patters - 1) Flag pattern breakout 2) Cup & Handle and 3) falling wedge breakout. We can expect a target of 914. The beauty is the flag pattern and cup and handle are showing same target. The falling trendline has been broken and we can expect the price to move up. Other parameters:
1. MACD positive
2. RSI positive
"Clean Charts, Easy...
Balkrishna Industries - Cup & handle Breakout. There is one small embedded in a bigger one. We can expect first Target of 2722, and thereafter, a target of 3450; 34% increase of current price. Other parameters:
1. RSI - above 60
2. Volume increasing
3. MACD - will improve
"Clean Charts, Easy Charts"
Learning, Earning!!!
Cheers!!!
Union Bank is making 2 cup and handle pattern - one embedded on another. Once its crosses 98-99 with good candle, we can expect first target of 131 (small cup and handle break-out) and second target of 180 (large cup and handle break-out). Other parameters:
1. Volume increasing
2. RSI above 60
3. MACD positive
"Clean Chart, Easy Chart"
Learing and Earning!!
Cheers!!!
Aarti Industries is on a downward trend and is respecting the trendline. We are also seeing a small cup and handle pattern as well where on breakout we can expect a movement till 651. In any case once it breaks the trendline, we can expect the price till 745- 800, with no resistance. Expected price movement 651-745-800. Other parameters:
1. MACD - slowly getting...
The stock is trading in uptrend, good volumes seen in the past months, MACD positive divergence and RSI bullish, like moving averages are in favour of stock, so this stock can touch all times high and go beyound that, so buy and sit tight.
Weekly chart looks good, MACD crossover is likely to be happened in coming days and moving averages are reqd to fly the stock are in positive side, RSI which is bullish, so next leg of move will shortly start in the GRSE.
Forming Rounding Pattern , Almost ready to break the resistance , Volume is looking good
MACD Line crossing Signal Line and above central line.
Everything looks positive on the weekly chart. The stock can go till 300 levels from here.
-after a long run consolidated for long and again ready for another run
-rise in volume & RSI
-above evey single EMA & SMA
-MACd crossover & rise in ADX shows strength
Gold price lacks clear directions after bouncing off the lowest level in five weeks, as well as snapped a two-day losing streak, the previous day. That said, the previous support line stretched from early November guards the immediate upside of the XAUUSD around $2,022. As the RSI (14) line’s recovery joins the impending bulls cross on the MACD to back the...
Major price corrections in the past had been around 50-65%, which was expected to be done when stock made low of 1660.
In December 2023, price cleared its resistance around 2435 along with the Monthly MACD crossing above its Trigger line.
This suggests that the long term uptrend is now likely to resume.
If price is to continue its past behavior, it could...
Indus tower recently made a bold move, breaching its long-standing resistance at ₹206 with strong volume. This breakout signaled potential bullish momentum, exciting traders and investors alike. However, the excitement seems to have cooled down as the stock is now retracing towards its support level, leaving many wondering: is this a temporary dip or a sign of a...
EURUSD extends recovery from a five-week low while defending the previous day’s bounce off a one-month-old falling wedge’s bottom line. The Euro pair’s recovery also traces the RSI (14) line, as well as justifies the impending bull cross on the MACD indicator, which in turn suggests further advances of the major currency pair. However, the 200-SMA hurdle...
Eros Intl Media has been on a tear in the past week, exhibiting a strong upward trend with consistent gains. While some pullbacks have occurred, overall bullish momentum seems to be building. The 30-day EMA is trending upwards, confirming the bullish trend and MACD line above the signal line indicates an increasing bullish momentum.
GBPUSD remains pressured at the lowest level in eight days after breaking a five-week-long trend line support the previous day. Apart from the support break, bearish MACD signals and an absence of oversold RSI also keep the Cable sellers hopeful. With this, the quote’s further downside toward the 1.2600 support confluence, comprising a 50% Fibonacci retracement of...
