This looks like it will form a flag pattern and in 2 days flag pole will be formed so swing trade. buy tomorrow and hold for 3 days
It has broiken th resistance level as you can see in diagram and as per fibonaccii retracement the next possible resistance is at 890 Rs so BUY BUY BUY.
ALSO RSI, MACD, DEMA Volume all indicators are super positive
Polycab seem to be saturated from last 5 days, no major move (less than 1%). MACD and volumes indicators too dying out, suggest loss of momentum.
it will possibly breakout and move up the trend.
watch out!!!
A cup formation can be seen on the daily charts of Coal India. A handle formation is expected. A short term profit trade can be taken, expecting that formation of the handle will benefit us. (OPEN THE CHART FOR DETAILED VIEW)
RSI shows positive growth with momentum
MACD showed a bearish crossover recently, but current momentum shows that we may see a bullish...
With the renewed chatters over the Fed’s next moves, backed by weekend comments from US Treasury Secretary Janet Yellen, the US dollar regains the safe-haven bids lost on Friday amid early Monday. This weighs down GBPUSD inside a two-week-old rectangle formation between 1.4250 and 1.4190. It should, however, be noted that the upbeat MACD could trigger the cable’s...
As per my analysis, there is a strong Buy on BATAINDIA between 1350-1415 from the support zone. From the price action and MACD, I can infer that we will probably retest the interim support at 1468 and will fall further (H&S Shoulder pattern) to enter the demand zone mentioned above.
My Trade on Futures:
Lot Size: 550
Buy around 1415 (+1 lot)
Add more at 1350...
So I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'.
All of these reasons are based on technicals and indicators.
Reasons
---------------------
1. Breakout in Daily charts with high volume.
2. Breakout of 0.382 Fibo levels.
3. Both RSI and MACD suggesting an upmove.
4. Share price crossed 20 DMA while being significantly above 100DMA &...
Amara Raja batteries is in a downtrend since late February. It has a major support at around 720 levels and MACD also suggests about a big move coming. If this stock takes support at 720 levels and bulls take charge we can expect a potential uptrend. Govts PLI scheme for ACC batteries can also turn favourable.
Tata Power is following the Medium Term trend line from November 2020. Confirmation above 115 can be considered a breakout.
RSI is climbing more and more above 50 but waiting for MACD golden crossover will be a wise decision.
recovering from lower level with stepping step uptrend pattern
sustaining above previous major selling level 174
there will be no such resistance left for the stock also
closing more close to 52 week high suggest a more up move
indicator - macd sustaining bearish crossover + RSI above 65
suggesting a spike movement is waiting in this stock
ONGC CHART HAS FORMED CUP AND HANDLE CHART PATTERN,WHICH SHOWS AN SIGNIFICANT UPSIDE FROM HERE,IT PROBABLY SHOULD BREAK ITS RESISTANCE BECAUSE ALL TECHNICAL INDIACATIORS SHOWING POSITIVE SIGHN(RSI ABOVE 60,MACD POSITIVE,BB GIVING BUY SIGNAL).
This is a definite buy for share GILLANDERS on 7/06/2021 NSE:GILLANDERS
Below indicators are strionly advicing to buy
1) RSI>60
2) MACD line above Signal line
3) Morning star pattern formed with bullish engulfing pattern too.
4) its on uptrend and resistance not yet reached so definitely will go atleast till resistance level.
5) volume is very high and indicates...
On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (183)
Target 1: 213
Target 2: 238
Target 3: 250-252
STOP LOSS: 173
TRAIL...
VARUN BEVERAGES
DAY CHART
FORMING INVERED HEAD AND SHOULDER
BULLISH CROSSEROVER OF EMA
BULLISH CROSSOVER OF MACD
BULLISH RSI @ 67
GOOD VOLUME
BUY CPM @ 1058
TARGET @ 1223++
SL @ 989
1) LIC Housing Finance Breakingout after a 9 month consolidation
2) Next Target 570
3) All Housing finance stocks PNBHousing, IndiaBulls Housing on a roll
4) Today's volumes highest since November 2020
5) RSI, MACD indicating very strong momentum and ADX indicating very strong trend
Hello Trader,
I have done my analysis for intraday trade on BAJAJ FINANCE LTD.
I shall take the trade if it crosses the below line and price mentioned.
The rationale for the trade :
1) Double top Formed in 15 min chart (Considering this is an Intraday trade)
2) MACD Signal
