USDCAD rises for the fourth consecutive day while poking the 200-SMA as the pair traders await Canadian inflation data, namely the Consumer Price Index (CPI) and the Bank of Canada (BoC) CPI. It’s worth noting that the firmer RSI (14) line and the bullish MACD signals favor the latest bull run. Adding strength to the upside bias is the daily closing beyond the...
-possible resistance breakout with high volume
-Breakdown did not sustained because no volume confirmation
-macd crossover & rise in adx
-keep in radar this can give decent return
Prices have moved past its previous all time high of 2712.
The MACD has also crossed above its trigger line, confirmed the bullish trend likely to continue.
If price is to continue its past behavior, it could head to 3730 (423.6% Fibonacci Retracement level).
Bullish view remains intact as long as price is above 2700.
Hello Guy's i hope you all will be doing good in your trading and your life as well. I have brought a stock where weekly volume is higher than previous few weeks. Stock has given falling resistance trendline breakout and formed double bottom and given a huge breakout of neckline in last trading week. Now price is above neckline breakout and sustaining above. So...
JP Power has made head and shoulder pattern on monthly chart. Patterns on monthly chart are very powerful, and once it breaks, we can have a return of almost 100%. Other criterions:
1. RSI - above 60
2. MACD - positive
3. Volumes increasing.
Power sector is anyway witnessing buying. Keep a tab!!
"Clean Chart, Easy Chart"
Learing and Earning!!!
Cheers!!
eClerx Services Ltd and given a ATH breakout. on a shorter time frame it has broken out of flag pattern as well. With RSI above 60, positive MACD, we can expect a good movement and expect an increase of 50% from current price.
"Clean Charts, Easy Charts"
Learning & Earning!!
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LIC Housing Finance is on an up-trend. It is moving along EMA 10, which is short-term bullish. We can expect a price rise to 538-623-785. Other parameters on weekly basis:
1. RSI - above 60
2. MACD - posotive
3. Volumes - good
4. Fundamentals - Highest TMM revenue, gross profit, PBT. Book value only 0.96.
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
Godrej Properties has shown trend-line breakout and retested the same, and is now ready for a big move. We can expect a move till 2000. Other factors:
1. RSI - improving
2. MACD - Positive
3. Real Estate Index - Positive
4. Highest TTM Sales, Net Profit, and we can expect a good quarter results
"Clean Charts, Easy Charts"
Learning, Earning!!
Cheers!!
Deepak Nitrite has broken daily resistance. It has retested couple of time and now has started taking support of EMA20. We can expect the price to move to 2700 - 3200. Other factors:
1. RSI above 60
2. MACD making green histrograms
3. Price testing EMA20
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
In July 2023, price decisively cleared its previous interim peak of 1210, along with Monthly MACD going above its Trigger line.
This confirmed resumption of longer term up-move.
Price is initially expected to test its previous all time high of 1722.
A decisive clearance of 1722 would open higher target of 3000 (261.8% Fibonacci Retracement level).
Bullish...
Stock is testing Flag & Pole, key and important levels now to sustain is 471. RSI & MACD is at present neutral to positive but not bullish. However, the stock is witnessing a good volume. Thus, it may test a bit of patience but it kept will likely to witness levels beyond 700+
EURUSD remains mildly bid within a 10-week-old bullish channel as market players seek more clues to justify the previous day’s strong US inflation report, as well as comforting comments from ECB President Christine Lagarde. That said, the 21-SMA and Thursday’s Doji prods the Euro bulls amid bearish MACD signals. Even if the pair buyers manage to cross the 1.0985...
Key Metrics:
Market Cap: ₹103,238 Cr
CMP: ₹4871.85
PE Ratio: 85.41
Dividend Yield: 0.11
52 Week High: ₹4990.05
52 Week Low: ₹2752.05
Technical Observations (45 Min Chart):
RSI signals bearish divergence.
Possible break below support in the channel pattern.
MACD signal moves below its signal line.
Disclaimer:
This analysis is for informational purposes only and...
