MATICUSDT forming pennant and testing Fibonacci lines. If it breaks the major resistance more highs can be seen , breakout can be confirmed with crossing resistance and crossing Fibonacci levels , MA , MACD levels seems positive.
An inverted Cup and Flag Formation can be seen in the daily chart. RSI trendline suggests that it may fall in upcoming days. MACD is showing momentum, but still in negative zone. (OPEN THE CHART FOR DETAILED VIEW) AU SMALL FINANCE BANK looks weak if it breaks below the flag formation. Thanks FOLLOW IF YOU LIKE IT!!
1.good macd formation ( going to form bullish) 2.RSI Confirmation 3.Trendline support
A Triple bottom (encircled in the chart) can be seen on the weekly chart of Reliance Inds. RSI shows good momentum in the stock. MACD giving bullish signs. I would recommend a LONG swing on Reliance Inds. Target 1: 2140 Target 2: 2194 Target 3: 2320 (A long jump is expected after crossing target 2) Stop Loss: 1927 Note: Trail your stop loss to avoid losing...
Cup and Handle formation breakout on weekly charts. Volumes not high, neither low, hence low chances of prices falling. I would suggest going long on CMP as a swing trade. (OPEN THE CHART FOR DETAILED VIEW OF THE ANALYSIS) Target 1 : 50 Target 2 : 60 Target 3 : 70 Target 4 : 76 Stop Loss : 36.5 (TRAIL STOP LOSS) Risk-Reward Ratio favorable MACD bullish RSI...
#banknifty analysis for 1st June'2021 Can you ignore the following, if you follow technicals? 1. First time in 11 weeks, BN closed above 35,500. 2. BN is trading above All DMA (5/10/20/50/100/200). 3. All momentum oscillators (RSI, CCI, ROC, Ultimate Oscillator) are in buy mode. 4. All trend oscillators (MACD, ADX, Bull/Bear Power) are in buy mode. 5....
Chemcon is consolidated between a price range, which forms a channel pattern. Upper line is Resistance line and lower line is Support line You can see many times the support & resistance tested as well. In such patterns we can take positional entry at the breakout point. How to calculate the target? I have marked resistance and support points namely A & B...
Mahindra Life may continue its previous trajectory upwards, looks good from a short term perspective. Track MACD in chart ... Leave your views in the comments below
According to the MACD, it seems like a slight chance of a bearish situation in this week only and then bullish moment will show-up.
Description: The counter XAGUSD is moving upwards in the support trend line from 06th May. The support trend line has been tested thrice at the prices 25.68, 27.18 and 27.55. The price is still maintaining above the support trend line and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. The existing...
flag and pole on hourly chart just macd going to cross down but a buy spike can be seen need to be open above previous day close 52 week high is broken few day before and price is cooling down, a last spike of buy can be seen as base is form which is our stoploss
Its moving in a channel. The weekly swing high is 261. For any uptrend to continue in future in broader time frame. It has to take that 261 down. MACD in weekly TF is about to get bullish. And FIIs won't do anything wrong. I trust them. Simple.
Rama Phosphates is involved in the business activities of Manufacture of other fertilizers. The Stock broke out of a Multi Year Resistance with a very good volume and Rounding Bottom Formation on charts. The Stock retraced back to test its breakout level and is ready to bounce back. There is a continuous good volume seen in the stock. The stock from a technical...
1. Bank Nifty is in Rising Wedge. So, it indicate that Bank Nifty will Fall Soon. 2. Negative Diversion is on RSI Indicator. 3. Negative Cross Over on MACD Indicator. 4. Sell Below 34937 Target:34733 , 34527 Stop Loss:35405 NOTE: THE ABOVE TARGET ARE APPLICABLE ONLY WHEN PATTERN BREAK DOWN HAPPENS ONLY ON MONDAY ITSELF.
BTCUSD has started its downtrend from 60Ks from the first week of May, driven by various factors including tweets, crypto ban speculations, crypto mining energy concerns etc. There is a strong bearish momentum and the price is trading below the current moving average. MACD also supports the downward momentum. This sell off is forecasted to accelerate till...
EUR USD had a fake out on trendline , Now acting as a major support , Even has hidden bullish divergence on macd which is about to crossover signalling price to continue its bull ride
Looking at the chart we can see HDFCBANK just got a bounce from EMA200 MACD shows fairly a positive signal Gets to break the recent high and retest the same finally a bullish engulfing 1hr candle which concludes that we can go long on HDFCBANK with SL at 1472.40 which is the recent previous low just below the breakout zone and TP at 2:1 ratio at...
potential target of 1418 and 1600