VEDL has recovered from the oversold region on the RSI indicator. Also, a Golden cross might be seen on the MACD indicator in coming trading sessions.
Pricing is holding above shorter and long-term moving averages.
Longs can be taken with an SL of 249.
Here we have Bitcoin (BTCUSD) on the 4H timeframe and multiple signals that are pointing to higher prices... Patience is key.
First, we have the classic Adam & Eve bottom pattern, this normally comes up when prices are ready to move up:
We also have the high volume and reversal candle printed on 22-June, we looked at this one on a previous article:
EMA100 has...
If Bank Nifty Crosses the Level 35500-35680 then there will be excessive Buying . As it's a Resistance level and Rsi crosses above 70 and and MACD Positive Cross over.
Only For Education Propose...
Fundamentals:
+ Cheap Valuations: Market Cap/Sales only 0.37, Price to Book 1.71
+ Highest Quarterly Sales Highest Yearly Sales (79% YOY)
+ Over the last 5 years, revenue has grown at a yearly rate of 5.61%, vs industry avg of 2.84%
Technical:
+ 4 years Price Range Breakout with Massive volume in month of June
+ Price Higher High - Higher Low on W Chart
+...
Analysis:
1) Stock is trending upwards with repeated higher lows along with higher highs.
2) MACD histogram divergence has formed which is considered very bullish.
3) Stock is at very strong support from which it has previously taken support and resistance .
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
My analysis is based upon Triangle pattern breakout and MACD as helping indicator. Pnb will touch 45 in next few days hence ver goof posiiton to enter
target is 44.5 - 45
As we can a strong Resistance @ 325, was on 15 Jan '18, we can see a retracement. now its in the line P, if it breaks, it can reach R1, which is @ 295 and further @ 304. RSI - 60+, partially strong. MACD gave buy call back on 23rd June '21, its also a good time to enter. MA also cuts, volume is also comparatively good.
Deepak Nitrate, Taking support from previous resistance, Bullish flag and pole pattern, 50EMA support, Rsi cooled, Sellers vanishing(MACD), Good RR ratio, Chemical sector in Monsoon, Best fundamentals after AlkylAmines in chemicals, Buy for swing/long when it breakes trendline with volume.
Thanks.
Fundamentals:
+ Almost Debt free company
+ Highest Yearly Sales and Yearly profit
+ Highest Cash from Operations
+ ROCE increased from 26% in '20 to 33% in '21
+ Debtor days decreased from 48 to 14
+ FIIs stake increased from 7.04 to 7.73
Technicals:
+ All Time High (ATH) Breakout
+ Price Higher High - Higher Low on M Chart
+ Monthly MCAD Turning Positive...
Fundamentals :
+ Debt free company
+ Highest Quarterly Sales and Quarterly profit
+ Highest Yearly Sales and Yearly profit
+ FIIs stake increased from 1.17 to 1.58
- Debtor days increased from 2 to 42
Technical :
+ Increasing Volumes
+ Rounding Bottom
+ Price Higher High - Higher Low on M Chart
+ MACD and ADX Favorable on M & W chart
REASONS FOR BUYING THIS STOCK ON 28TH jUNE 2021.
1)MACD line crossing over signal line
2) Last day trading volume is very high with big bullilsh candle and so big bullish momentum built
3)RSI indicator ramped up and crossed 60
4) Morning star pattern formed at bottom of down move in bearish trend. So trend reversal indication.
5) Just a month ago a new big order...
SBI has Broken the resistance line and started to move upward. It is taking support everything on the trend line. May close out of the Darvas Box soon and reach 850 soon. If it Breaks Darvas Box, it will start its journey towards 500. Recent money received from sale of Shares of Vijay Mallaya will add to its kitty and reduce NPA exposure. Future appears bright for...
