GNA AxleMACD Indicator: The MACD histogram is currently negative, suggesting that the momentum is still bearish. However, it is starting to flatten, which could potentially signal a slowdown in the selling pressure.
Volume: The volume appears to be relatively low, which could indicate a lack of interest or a potential accumulation phase.
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SWING TRADE (20% Upside expected) - HPCL LTD.MACD Crossover is almost formed on the daily chart, stock is currently trading around its crucial support level (164).
The stock was up by 3.20% on 16 Oct. 2020.
With keeping the MACD crossover in mind, one can look forward to a swing trading opportunity in NSE:HINDPETRO .
SWING TRADE :
BUY IN 160-175 RANGE
STOPLOSS - 140
TARGET 1 - 200
TARGET 2 - 205
TARGET 3 (FOR LONG TERM, 6-12 MONTHS+) : 240
DISCLAIMER : INVESTING & TRADING IN STOCKS OR OTHER INSTRUMENTS ARE SUBJECT TO MARKET RISKS. THE TRADE PLAN DISCUSSED IN THIS IDEA SHALL BE CARRIED OUT BY THE VIEWER AT THEIR OWN RISK. KINDLY SEEK ADVICE FROM YOUR FINANCIAL ADVISOR BEFORE INVESTING OR TRADING.
Reliance power short term and mid term view from weekly chartMacd line crossover, stochastic turns from oversold region in weekly chart then Macd line crossover in daily chart. These indicators will help to breakout the triangle pattern. Can buy at CMP for the first target range(47-50). If closes above 49.5, it may reach the second target range of (60-63).
Target: 47-50
Stoploss: 38.60 on closing basis.
Vijayaraghavan,
INDITRADE,Kovilpatti.
Ambuja cement given breakout of falling trendlineMACD, RSI, and price action indicating a price reversal from these levels. Please keep a watch for tomorrow. Chances are high we can see upside till 415+ levels. right now it is trading at 406.
Use proper stop loss to go long.
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