On Day chart, BN still showing negative trend for short term,
An "Insider Candle" pattern formed and today closed in down side direction of child candle,
Also, RSI is weak, MACD negative diversion formed,
Even if it touch 39800, A sharp down fall possible, and If it start trading & closed below 39300 without upper side movement, we can see a lower level up to...
On Day chart, BN still showing negative trend for short term,
An "Insider Candle" pattern formed and today closed in down side direction of child candle,
Also, RSI is weak, MACD negative diversion formed,
Even if it touch 39800, A sharp down fall possible, and If it start trading & closed below 39300 without upper side movement, we can see a lower level up to...
Banknifty closed at important support level after a volatile session, Possibility of breaking 15 minute trend line at down side, RSI weak and MACD Parallels
If opened and sustain below 39000 tomorrow,
Short BN
SL 39200
TGT 38800, 38550, 38250
If crossed and sustain above 39200,
Long BN
SL 39100
TGT 39300, 39450
After a Breakout with good volumes
Stock is in pullback with negligible volumes
MacD is on the Verge of turnaround
If so happens now we may witness price going up again with heavy volumes & not turning back soon
Entry may happen some around at current area 2470-80, rest only above 2550 only for better Trade Management
View negated below 2440 (CLBS)
Excellent Volumes in previous 2 sessions
Turn around from previous Resistance turned Support Area
Turn around visible in MacD too
Buy on any pullback (Near 880/900)
View negated with any close below 848
New highs expected in coming days
Risk to Reward Moderate
Reasons for buying Eicher motors
1. Support from 400 days EMA
2. Oversold RSI
3. RSI Positive Divergence
4. MACD is about to crossover
5. Sales figures for the month are very good
6. Result is on 2nd Nov. Results are going to be good
7. Festive season pent-up demand
8. Very good Risk to Reward ratio
Buy Eicher Motors at CMP for the target of 20% on the up side...
EURUSD defies a three-day recovery ahead of the key US Consumer Price Index (CPI) data on early Wednesday. The major currency pair’s weakness could also be linked to the failures to cross the 200-SMA, bearish MACD signals and RSI retreat. Hence, the quote is likely to decline further towards monthly horizontal support near 1.1525-32. However, the yearly low around...
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