ITC will now take the charge from here on to take the nifty to new higher levels and I’m betting on this is biggest joker of all time from here on too. This is also triangular breakout and RS Nifty is also giving an impulse upmove and the MACD is also supporting along with the volumes. Ab our kya loge ITC ko jo jaise chase Karna chahe Karlo.
Tata Consumer has taken support from its 100 days moving average. RSI is in oversold position and now moving upward. MACD is about give a positive crossover.
This has consolidated for quite a long time at current market price.
It has taken support from its 100 days EMA.
MACD is about to give positive crossover.
RSI is in oversold zone.
ADX will also give a confirmation soon for the upward rally.
Another Typical price pattern getting ready for sharp move on the upside.
HDFC BANK
Price Retraced from All time High, Retracement is 18.5% from top approximately.
As of now price is forming Higher-High structure on Weekly chart's & now Broken Out of Triangular pattern decisively.
Price movement will be sharper once we closed above All time high on Daily...
NBCC is looking bullish forming a possible head and shoulder pattern.
RSI is having positive momentum above 50
MACD is diversing.
Volume is increasing.
Looks good for going above 60 before Diwali and gradually it will move towards 69 which is its long term resistance.
NBCC is a good long term bet.
Disclaimer: This is an educational technical chart. Please do not...
Buy BHEL at CMP also, it had taken support from up-trendline and then RSI and MACD have also given confirmation for stock up-movement. Now it has entered into Ichimoku cloud. You can buy at CMP for the target of 80 or ATH
The stock has taken a support at it's 400 days EMA. RSI has given an indication of trend reversal and MACD is also bound show a crossover shortly! Keep an eye on this script :)
After a good rise of around 30% in first week of June, Mazdock has consolidated well now for two months. It has formed a flag pattern and very well respecting the levels. I expect it to give a flag breakout in near future. My targets are 266 (7.5%), 283 (15%) and 296 (20%) . MACD is weakening and I expect it to go positive in the coming week.
Monthly timeframe
making long term cup pattern
Hold for long term invest low amount
volumes are very high
RSI showing Divergence (Upward)
MACD is Bullish
South india bank is gearing up and is bullish on chart.
RSI above 50% with positive momentum.
MACD is also in favor.
20 and 50 DMA is acting as good support and favoring the upward movement.
Price action is range bound and is just bouncing back from its lower support.
We can see the upward journey very soon.
Disclaimer: This is for educational purpose. This is...
there is nothing much to discuss, lets keep the chart as simple & clean.
retracement move is over, as MORNING STAR in GOLDEN ZONE , third touch in the same zone is added advantage to our analysis.
You can simply either enter the trade keeping stop loss slight below 0.618fib.
No need of any EMA/MA/RSI/MACD in the CHART.
