Coromandel has given a breakout for cup and handle pattern.
For the benefit of those who are new, it is a bullish pattern.
On 29/6/22 it has given a MACD breakout with good volume.
It is followed up by cup and handle breakout on 4/7/22, the breakout has happened with good volume as shown in the chart.
On next day it has retested the breakout level and today it...
HDFC AMC has completed its correction and there is crossover in MACD and RSI has also moved from oversold to buy zone . Stock is trading below 200 DMA . Target recommended from Fibonacci retracement .
Target 1 23 % retracement .
Target 2 - 38 % retracement .
SL-2580
(Please note : DO your analysis as I am not Sebi-registered analyst)
In ICICIGI, Bullish MACD crossover on daily timeframe indicating reversal sign in this stock. Also, This trading near support level of ascending triangle pattern and 200 EMA. Expected this will give upside rally upto 1600+ level in upcoming few trading session.
Possible Trade:
Buy ICICIGI @1470-1480
Stop loss - 1400
Target - 1600+
On a daily timeframe , i observed that it has given symmetrical triangle breakout and also formed inverted Head & Shoulder pattern.
Also i could see MACD crossover .
So in the coming days i expect that it may retest the trendline and move further upside.
*This is only for educational purpose.. do your own analysis before making any investment..
The stock is in downtrend making lower lows. IT has given first reversal signal forming double bottom and also divergence at this level in MACD/RSI. One can enter the long trade now as the risk is low. How far it would go only time would tell but 325 seems quite reasonable expectation.
MACD -- Momentum indicator
when we can use this
1) for trend reversal(if gap bw two MA is decreasing and crossover)
2) for continuation of trend( if gap bw two MA is increasing )
3) as per my assumption it cannot be used for price divergence.
Observation in Nifty50 chart:
1) High in MACD not broken till COVID but market doubled from 2007 high (6118 mark to...
The stock is at a good support area. MACD indicator is showing divergence. Although it is making lower high and seems to be in downtrend one can enter long here with small Stop loss and look for a target of 141. Very good risk to reward ratio.
