A resistance of 29 which was honored thrice have been broken , signal line of macd shows a positive long sign so do the volume , rsi have crossed 60 and is below 70 so there is a good possibility for the price to move up
IOC is showing a flag pattern after recovering from lows of 72 to 94 price levels, has been in consolidation mode for past 40 odd days.
On friday the stock gave a breakout on MACD indicator and most probably might give a break above 88 levels tomorrow.
I am looking for a gap-up open tomorrow above 88 levels for target of 96 & 106 for this expiry.
Keep a watch on...
My basic analysis using 14RSI shows divergence with negative RSI slope also this fact is supported by MACD Indicator. So I believe markets gonna go down.
STOCK CLIMBING NEW HIGHS.
MACD CLOSE ABOVE TL RESISTANCE.
BOTH ABOVE IMP RESISTANCE.
CLOSE ABOVE 580 AND NEW LIFETIME HIGH.
STRONG STOCK IN WEAK MARKET.
Here you can shee MACD abd RSI CHART bothe showing bulish movement, if rsi brake the resistance above 70 than you can see the movement of btc till 10.5 k easily
The weekly banknifty chart has closed negative this week, back to back two bearish candles also indicates momentum suppression in the index. 31800 will provide immideate support to the index, giving away this may push the index to 31300 levels. However the trend is still up and any bounce from the support will push banknifty up 32600, 32800 & 33300 finally. The...
Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only.
Vijayaraghavn,
Chennai
The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support....
