SBI Cards & Payments - Long
Currently trading in over-sold zone.
Refer the RSI & MACD indications in the chart.
Its good time to invest in this stock
Invest and Trade Wisely! Good Luck!
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On weekly chart the higher high is made is with or next to no power which can be witnessed on MACD historgram. The stock will remain in correction, best time to look for short position. If you are looking to take a position than you'll have to wait and even I'll update the details if I see best position for going long. Till than wait for the right opportunity....
All eyes are on Reliance's second virtual AGM that comes in the backdrop of world's worst coronavirus outbreak. India’s most valuable company is expected to give a glimpse of its 5G rollout plan, possible listing of its digital unit and a cheaper smartphone being developed with Google and many more.
Technical view: Bullish Flag Pattern, Trading above all SMAs...
price action in the script has formed lower lower but with less power indicated by MACD histogram. Best time to hope in once you look at any bullish candle forming.
more details will be updated
Will Relaxo footwear continues bull rally ? After considering below aspects we can come to a conclusion.
1.Stock in Uptrend
2.Bullsih Flag Breakout
3.Resistance Breakout with good volume
4. MACD Cross over About to Happen
5.RSI Above 60
->> Always Enter With good confirmation & Maintain proper Risk Reward.
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There was a breakout on the weekly chart with volume confirming the movement. If you look at daily chart it shows that there is a retest that is witnessed and it is likely to move +ve tomorrow as there was a MACD divergence was noted on 3hr chart with doge candlestick formed at the new support line.
If you want to buy than this is the right time it's just that...
With 4.79 MACD and 66 RSI , This could be a perfect buy. This stock price has been hovering around at this level since 2019 but with high volume. Right now, the stock is trading at 211.35 ,( 4% up today ) . can further go higher.
Exit Now. Down move has started and MACD has sharp convergence. If you have some profit, take it and never look back. This share was 600 plus once upon a time.
Risko-meter Lethal
Concor has given parellel channel breakout along with all good setups
can go long at current levels, All key levels are mentioned in chart along with stoploss and targets.
Key Levels
Bollinger Band
Dmi Adx
RSI BUY
MACD
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Indian Bank after giving up move 96 to 150, have consolidated between 150 and 135 and in process have formed Flag pattern. Close above 150 will be BO of pattern.
Stock is trading above all moving averages ie 20/50/100/200 where 20MA>50MA>100MA>200MA.
MACD is about to give positive cross over.
Though it's not very accurate for every stock, whenever there's a death cross on hourly chart, the price has gone down. If that happen, it may show levels around 77. An up move from that level would be a good idea to long. But yesterday's up move has averted it for now. May show upside of 88 and 92. SL 81.50. A sign of concern is that RSI going into over bought...
Nifty FMCG index is outperforming the index on broader sense with its second continuous wave as we can see through PSAR. As what I have observed that that PSAR detects the trend much earlier either before the RSI or the MACD and HUL is the trend setter in the falling apart markets where the markets are falling its standing strong. Best to buy Tata Consumer, Godrej...
City Union Bank Ltd - 21.06.2021
The stock has made an intraday high of 165.70
Prices are below ema
Let the prices go above 168
There is a MACD Bullish Divergence in daily chart which needs a confirmation with prices above previous candle high, hourly chart have prices above ema
one can initiate a buy position above 168 with support @ 163
