Good Swing trade opportunity found in tata Steel Bst
👍Following points for understanding
-Taken support from support area and bounced
- RSI tracking support from 60 level
- MACD Crossover done
- + Sector positive +
@ first Target 110/- Second target 125/- and above trailing
SL Below 85 level
Good weekly chart
Indicating downtrend reversal on daily chart with strengthening MACD
Stock outperforming market.
Buy , at CMP or 150 levels
Stop - 130
Gives a breakout on weekly basis candle. MACD looking gud
Pattern - Head n shoulder
everything looking in charts
Note- only for educational purpose not any advice
MAHINDRA LOGISTICS four year brackout with the good volume, you can see the Trend is Positive and RSI, MACD is also support the trend, You can Buy or waite for Pullback.
( Note:- i am not SEBI Registerd Advisor)
Reasons to buy:
1)Indicators like MACD, RSI, DEMA all support buy.
Volume is superb.
Look at the Beautiful Morning start pattern formed today.
Also The Fib retracement is respected well and the resistance band is broken of 23.6% SO even though it may take some correction minor tomorrow due to big bullish candle stick today , but its definitely going to move till...
AS PER THE CHART THERE IS A CHANCE OF TCS SWING TRADE
TCS IS TRADING BETWEEN THE ZONE FOR QUIT A LONG TIME
POSITIVE CROSSOVER ON MACD
ENTRY ARROUND 3190-3205
SL - BELOW 3110
TARGET - AT LEAST 3400( IF BREAKS ON THE UPPER SIDE OF THE RANGE TARGET MIGHT INCREASE AS WELL)
*# THIS IS NOT BUY/SELL CALL ITS MY OBSERVATION, PLEASE DO YOUR ANALYSAIS BEFORE TAKING ANY TRADE#*
The stock broke out of the pattern today, supported by high volumes.
Considering that the results are expected tomorrow, they can either play a spoilsport or add fuel to the fire and take the stock easily to its 52W high levels.
Supporting technicals:
RSI: 68 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator
P.S:...
This stock has formed the classic cup and handle pattern indicating a possibility of a breakout.
Stop loss can be maintained at 158, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should...
Stock Of The month: Buy Tata Coffee: SL 203 Tgt 215, 220, 235, Global shortage of coffee, but in India bumper crop to benefit, Coffee prices up by 35% in one month. 1) Cup with handle breakout 2) Bullish market structure 3) RSI, ADX, MACD R Bullish...
The stock have made all time high today (26th Jul) with good volume which shows the strength and momentum in stock .
MACD bullish cross over would be the double confirmation. the stock is trading above 5,9,20 days EMA .
PERSISTENT SYSTEMS is potential candidate for intraday and swing trade tomorrow.
RSI > 50
Breakout of higher highs / upper trend line with good vol.
Outperforming against broader market
increasing vol
MACD showing strength
Stop Loss - 999
Target - 1200
Nifty Closed @ 15820. Whole day spent time between 15820 - 15860. None of the 15 Min. Candle closed above or below said nos. At the time of closing it broke 15820 and settled. MACD gave Bearish Sign at day end. One Can Sell at opening with SL of 15900. Don't expect big target, cover your shorts near 15720 (+/- 10) points. Try to long near same.
BTC started the week of July 19th to 25th with the bearish movement, falling to the low of $29,300 on July 0th, however, a strong pullback rally followed and helped BTC to close the week in the green territory and formed a big bullish engulfing candle to close the week with 11% gain at $35,428. At the time of writing, BTC is trading slightly above $38,200.
This...
