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Gold Still in Bart Pattern, Struggling in $1190-$1205 XAUUSD Technical Overview:
Pivot: 1193.70
Key Resistance: 1197.45 - 1200.25 - 1203.59 - 1207.89
Key Support: 1193.70 - 1190.55 - 1188.10 - 1184.22
Day Trading Range: 1186 - 1204
Technical Indicator:
RSI: Indicator shows down side momentum, moving around below 50 level.
MACD: MacD loosing bulls side power.
Moving Average: SMA 55 (1200) & SMA 200 (1198) both are strong resistance for Gold today.
Technical Trade Idea:
Most Likely Scenario: long positions above 1193.70 with targets at 1200.45 & 1204.55 in extension.
Alternative scenario: below 1193.70 look for further downside with 1190.25 & 1187.25 as targets.
Overall, Gold is still range bound with support levels lined up at 1193.90, 1192.70, 1189.50 and 1187.50. Technically, the trigger point for an acceleration to the downside is 1187.50. This is because under this level, there is no support until $1167.10. If buyers continue to come in to defend 1193.90 to 1187.50, then this could generate enough counter-trend momentum to fuel a rally into 1205.90 then possibly 1215.10.
Gold futures closed lower on Wednesday mostly in reaction to the Fed’s widely expected rate hike. However, there was a little improvement late in the session after the initial reaction to the news as traders interpreted the Fed’s monetary policy statement and comments from Fed Chair Jerome Powell as dovish.
Gold could pick up a bid on Thursday if investors continue to price in a dovish Fed. Furthermore, the market could get support from lower Treasury yields, a softer U.S. Dollar and a drop in demand for higher-yielding assets.
Thanks
YoCryptoManic
EURUSD could be panic further todayEURUSD Technical Overview:
Pivot: 1.1745 (Time of writing EURUSD 1.1705)
Key Resistance: 1.1718 - 1.1739 - 1.1758 - 1.1788 - 1.1820
Key Support: 1.1688 - 1.1665 - 1.1645 - 1.1624 - 1.1610
Day Trading Range: 1.1625 - 1.1745
Technical Indicator:
RSI: The RSI moving around 30 level, from this pair can take some pull back but strong downward momentum.
MACD: MacD loosing bullish scenario & trying to get strong volume in bearish side.
Moving Average: SMA 200 (1.1724) & SMA 55 (1.1756) both are strong resistance for pair today.
Technical Trade Idea:
Most Likely Scenario: short positions below 1.1745 with targets at 1.1685 & 1.1665 in extension.
Alternative scenario: above 1.1745 look for further upside with 1.1775 & 1.1795 as targets.
Fundamental:
The EUR/USD pair created a bearish outside day candle yesterday and could suffer a negative close today on a hawkish interpretation of the Fed policy. The US central bank raised rates by 25 basis point (bps) yesterday. More importantly, it removed the word “accommodate” and kept the interest rate dot plot unchanged, triggering speculation that the tightening cycle is nearing an end.
Despite the “dovish” outcome from the Fed, the overall tone remains the same and the reversal last night was telling that there are still buyers in the dollar and we’re seeing more of that now.
Moving forward, the EURO could suffer further in case the German CPI reading due for release at 12:00 GMT has worse than expected outcome while US Greenback could gain further support for its bull run if the US Q2 GDP and August durable goods figure, scheduled for release today has better than expected outcome which would indicate positive economic scenario in US markets.
Thanks
YoCryptoManic
The Midcap Carnage is Over. -The Midcap sector showed great realitive strength yesterday when the Nifty was down and Midcaps were up. This happened after a long time.
Weekly chart
-Sector breaking out of a falling wedge pattern on the weekly chart.
-Found support at 50% Fib retracement.
-Bullish divergence on stochastic.
-Converging MACD lines.
Daily chart
-Bullish divergence on RSI.
-Triple bullish divergence on Stochastic.
-Quadruple bullish divergence on MACD.
-MACD line crossing over 0.
Not an investment advice, do your own dude diligence.
DLF - Bullish on I-H&SNSE:DLF is one great stock that's recovering after consolidating much.
DLF is making Inverted H&S pattern with favorable RSI and MACD.
Buy Trade:
Buy above 226
SL 210 (short SL for low capacity trades is 216)
RSI and MACD on intraday for 09May2018 looks bearish as MACD and RSI on 30/45/90 min is that much favorable. DLF may touch 220/218 once before breakout. Aggressive people may use this dip to buy at a bargain. Remember that it will be an added risk
Mahindra May Pull BrakesRationale :
The attached daily timeframe chart of Mahindra & Mahindra Ltd has been steadily moving up over the last many weeks.
We observe a formation of positive sequence of higher tops and bottoms in the last few months and the stock price is now moving up, to form a new higher top of the sequence.
The gradual upmove of the last 4-5 months seems to have completed, as the stock price has started to show some weakness from the highs during this week.
Presently, the stock has been consolidating near upward channel resistance levels at Rs 1450-1455 and also near 161.8% retracement levels ( Rs 1167 ) of prior down move from Rs 1402.20 ( 11th May, 2017) to Rs 1300 ( 23rd May, 2017). The said levels also roughly coincide with the previous top of Rs 1454.75 (04th October 2016 ), thereby giving much strength to the overhead levels.
Technical indicators are likely to be overbought territory as of now, Slow stochastic( 80.31 ) seems turning downward, 14-RSI is at 78 and extremely overbought.
On a positive note :
The above mentioned stock is trading above all important short, medium and longer term simple moving averages.
According to an important trend indicator (GMMA) short term averages (blue shaded lines) are well above long term averages (green shaded lines). The above said indicator is used in technical analysis to identify changing trends, A bullish trend is present when the short-term moving averages are above the long-term averages.
MACD: 26.2 and Signal Line: 22.6. According to MACD analysis, M&M is technically strong.
Daily swing indicator +DI is dominating and ADX is 30.5 which means the stock is in a strong up-trend.
Keeping in mind, the above technical evidences we expect Mahindra & Mahindra to correct from current levels in near term to Rs 1387-1380, break of which may push the prices further down till Rs 1320-1300 (near lower channel levels), hence advise investors to book profits and wait for lower levels for re-entry.
On the contrary, any close at or above Rs 1500 would open the gates for fresh next leg of upmove towards Rs 1570-1685 / Higher.
Hence, we advise for fresh entries only above Rs 1500-1508 and also buy on dips strategy (price range 1300-1320) should be adopted for this particular stock.
Castrol Hoisting A Bearish FlagTargets : 384 Sell range : Below 408 Stoploss : 439 Duration : 3-4 weeks
Daily timeframe chart of this stock (CASTROLIND) has been in a sharp down trended move over the last few sessions..
Presently, the stock has witnessed a breakout of an “Inverted Bearish Flag” pattern on the daily charts with surge in volumes. After a sharp downside breakout of last week, the stock prices have started to show follow through weakness during this week.
Primary trend of the stock has been bearish,as the 9-45 EMA on Daily chart is still negative, also the stock prices are comfortably trading above our important Trend indicator (Red line), which confirms the bearish momentum to continue for short to medium term.
Moreover, Technical indicators are trading negative, RSI is 37 with negative bias, MACD: -5.62 and Signal Line: -4.31 trading weak,Weekly ADX minus DI has crossed above plus DI today, which shows bearishness for medium term, Also Weekly bearish MACD line has crossed below signal line today. Stock trades below short term and longer term moving averages which confirms a persisting downtrend.
The negative chart setup in CASTROLIND is suggesting a short trade opportunity here. Look to initiate short trade as per the levels mentioned above.
NLC India Ltd_Long Setup_Daily_15.5.2017NLC India Ltd
15.5.2017
Trade
Company Profile:
NLC India Ltd. is engaged in the mining and exploration of lignite and generation of thermal power in India. The company owns opencast mines and thermal power stations. It supplies power to diverse industries such as electricity boards, cement companies and paint companies, in addition to other small sectors and brick industries. NLC India also in the generation of thermal power through its thermal power stations comprising 3 thermal power stations. The company was founded on November 14, 1956
Overview:
It's current Price/Book of 1.09 is about median in its peer group.
The market expects NLC India Ltd to grow at about the same rate as the peers and to maintain the median returns it currently generates.
NLC India Ltd has relatively high profit margins while operating with median asset turns.
Changes in annual revenues (relative to peers) are better than the change in its earnings (relative to peers), implying the company is focused more on revenues.
NLC India Ltd return on assets currently and over the past five years suggest that its relatively high operating returns are sustainable.
The company's relatively high pre-tax margin suggests tight control on operating costs versus peers.
While NLC India Ltd revenues growth has been below the peer median in the last few years, the market still gives the stock a P/E ratio that is around peer median and seems to see the company as a long-term strategic bet.
The company's level of capital investment is relatively low and suggests it is milking the business.
NLC India Ltd seems to be constrained by the current level of debt.
Date of Trade (Time if applicable): 15th May 2017
Entry Date: Buy Stop
Trade Entry
Market: BSE
Stock: NLC India Ltd - NLCINDIA
Long/Short: Long
Current Price: 107.20
Entry Price:114.50
Time Frame: Daily
Type of Trade: Swing trade
Reason For Trade:
Fundamentally Strong Stock
RSI is above 50 i.e at 56.5. According to RSI analysis, NLCndia just got above it's resistance level and showing good signal.
MACD: MACAD is crossing over the zero line. 0.113 and Signal Line: 0.153. According to MACD analysis, a centerline bullish crossover just happend and it's a positive signal.
Price is above 50 and 200 SMA
Book Value is 106.91. Price is near its book value
RSI has crossed 20 SMA
Price is above 50 and 200 SMA
Stop: 109.85
Target 1: 122 (Majority shares should be sold at this price)
Target 2: 150
Pluses:
Stock is trading at 0.97 times its book value
Stock is providing a good dividend yield of 3.17%.
Company has been maintaining a healthy dividend payout of 33.67%
Monthly chart is neutral slightly tilted toward bullish sentiment.
Minuses:
The company has delivered a poor growth of 9.19% over past five years.
Company has a low return on equity of 9.53% for last 3 years.
Contingent liabilities of Rs.5091.25 Cr.
Negative cash flow in recent years
Weekly chart is indicating start of downtrend (MACAD).
ONDO NET BULL RUN TARGET ONDO Crypto Coin: Buy at $0.61 for a Target of $17 Based on Neo Wave and Time Analysis**
This analysis suggests a strong buy for ONDO at the current level of $0.61, with a target price of $17. The forecast is based on Neo Wave theory and time analysis, indicating a significant upward potential.
1. **Current Price Level:**
- ONDO is currently trading at $0.61, presenting a favorable entry point for investors.
2. **Neo Wave Analysis:**
- The Neo Wave theory, an advanced form of Elliott Wave analysis, identifies a corrective wave pattern that has completed its cycle.
- The current wave structure suggests the beginning of a new impulsive wave, which typically leads to substantial price increases.
3. **Time Analysis:**
- Time analysis indicates that ONDO is at the end of a consolidation phase.
- Historical data shows that similar patterns have led to significant price movements within a specific timeframe.
- The projected timeline for reaching the target price of $17 is within the next 12-18 months.
4. **Technical Indicators:**
- Moving Averages: The 50-day and 200-day moving averages are converging, indicating a potential bullish crossover.
- RSI: The Relative Strength Index is currently at 45, suggesting that ONDO is neither overbought nor oversold, providing a balanced entry point.
- MACD: The Moving Average Convergence Divergence indicator shows a bullish divergence, supporting the upward trend prediction.
5. **Market Sentiment:**
- Positive market sentiment and increasing adoption of ONDO's underlying technology are additional factors that could drive the price upwards.
Laxmi Organic IndusTechnical Analysis Overview :
The stock price has been fluctuating within a range of 236 to 290, with a well-established support level at 220. Recently, there has been a notable 60% increase in weekly trading volume compared to previous weeks. Additionally, three key resistance levels /targets (R1, R2, and R3) have been identified.
Positive Indicators :
1. Strong Buyer Momentum : The MACD on both the weekly and monthly charts indicates robust buyer support, suggesting positive momentum in the stock’s price movement.
2. Price Stability Relative to the 21 EMA : On the monthly chart, the stock price has remained relatively close to the 21-day Exponential Moving Average (EMA), which aligns with the positive signals observed in the MACD. This suggests that the stock's upward trend is sustainable and supported by underlying momentum.
Potential Risks :
The primary risk to the stock’s upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions, such as the ongoing conflict between Israel and Iran.
Disclaimer :
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
USDT.D Bearish Shark Pattern Signals Move to Key Support LevelsUSDT.D has formed a bearish shark pattern and has broken the support trendline, indicating a likely move towards the 4.6% and 4.10% support areas. The bearish confirmation is further supported by the RSI falling from the overbought zone and a clear bearish cross on the MACD.
#USDTDominance #BearishSharkPattern #TechnicalAnalysis #Crypto #RSI #MACD #SupportLevels #CryptoTrading
GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED📊 Graphite India - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 562.10 📈
Fibonacci Level: 0.786 🌀
Yesterday's Trend:
Opening Price: Fibonacci Level 0.5 🌀
Movement: Upward to 0.786 📈
Signal: Parabolic SAR - Buy 🛒
Key Points:
Entry Point: 567.95 🚪
Resistance Level: If trades above 567.95 🛑
Target 1: 576.20 or 575.95 🎯
Stop Loss: 536.60 🔴 / KEY FIBONACCI LEVELS
Recent Trends:
Crossed 50-day MA on 30/01/2024 📈
Short-term Bull Run 🐂
Increasing Volume 📶
Indicators:
Static RSI: Middle Range ↔️
MACD: Expecting Crossover 🔄
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Bullish Trend 📈
Conclusion:
Recommended for short-term entry in the current volatile market 🌪️📊
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
BSE: TREND REVERSAL TO BULLISH DIRECTION TO STRENGTHEN📊 Bombay Stock Exchange (BSE) - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 2,493.45 📈
Gain: 7.31% ✅
Fibonacci Level: Above 0.786 🌀
Recent Trend:
Reversed Downward Trend ↗️
Above 50-day Moving Average 📈
Increasing Volume 📶
Technical Indicators:
MACD: Crossover on 31/01/2024 🔄
Static RSI: Bullish Crossover on 29/01/2024 🐂
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Buy Crossover, Middle Segment 🛒📊
Trading Strategy:
Entry Point: 2,512.35 🚪
Target 1: 2,595.75 (Key Fibonacci Level) 🎯
Stop Loss: 2,287.80 🔴
Conclusion:
Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
🚀 Don't Miss Out: Safari Industries Hits Bullish Breakout! 📈 #📊 Safari Industries Technical Analysis
📅 Date: 31st January 2024
🔵 Closing Price: ₹2031.90 (↑ 4.6%)
🎯 Technical Indicators:
Fibonacci Level: Closed above critical level (0.5) at ₹2025.75.
50-Day Moving Average: Surpassed 50-DMA at ₹2030.33.
EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line.
Parabolic SAR: Two days of positive signals indicating a bullish direction.
MACD: Positive crossover noted on 18th January 2024.
RSI & %R: Positive crossover on 29th January 2024; trading high.
Fisher Transform: At the upper band, indicating bullish sentiment.
🎲 Market Outlook:
Short-term bullish trend expected if market opens positively on 1st February 2024.
🎯 Targets & Entry Point:
Entry Point: If market opens above ₹2031.90.
Target 1: ₹2072.8 (Fibonacci 0.64 level).
Target 2: ₹2138.45 (Fibonacci 0.786 level).
🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25.
🔔 Disclaimers & Disclosures:
This analysis is based on historical data and does not guarantee future performance.
Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice.
#SafariIndustries #StockAnalysis #TechnicalAnalysis #NSE #Investing #TradingStrategy #BullishTrend #FibonacciLevels #StockMarket
Monthly chart of Castrol India Ltd #CastrolIndia
Monthly Update:
Market Cap: ₹18,620 Cr | CMP: ₹188.25
PE Ratio: 22.85 | Dividend Yield: 3.45
52W High: ₹196.45 | 52W Low: ₹107.40
Technical Highlights:
Broke trend line and upper Bollinger Band.
Upward breakout from consolidation with strong volume.
MACD: Bullish crossover below zero line.
Retracement could be a buying opportunity.
Educational Purpose Only. Disclaimer: Stock market investments carry risks. Consult a financial advisor. Past performance doesn't guarantee future results.
#CastrolIndia #StockMarket #EducationalPurpose
XAU/USD: Charting the Bullish Path - Support Levels And More..Technical Analysis:
Price: XAU/USD is currently trading at 2038, hovering near the strong support zone of 2033-2034. This level has consistently held up against downward pressure, indicating potential bullish bias.
Indicators:
RSI: 45.75 (neutral zone), showing a slight uptick from recent lows, potentially suggesting a shift towards bullish momentum.
Stochastic Oscillator: 38.88 (oversold zone), indicating potential for a price rebound
MACD: Histogram turning positive, suggesting a potential bullish crossover soon.
Fibonacci Levels: The 50% retracement level (2032-34) and the 61.8% retracement level (2029-28) act as immediate support levels.
• Entry & Stop-Loss:
Entry: Considering the bullish technical and fundamental outlook, a potential entry point could be around the current price of 2032-33 aiming for the initial upside targets of 2040-2042.
Stop-loss: A stop-loss order could be placed slightly below the strong support zone at 2030 to limit potential losses in case of a bearish reversal.
Adjust your entry and stop-loss levels based on market volatility and risk tolerance.
Gold Breaks Out of Key Resistance, Signaling Potential Bullish ROverall Trend:
XAUUSD is currently in a bullish trend, as indicated by the recent breakout above the 1975.00 level. The price has been supported by the EMA50, which is acting as a dynamic support level. The next major bullish targets are 2000.00 and 2009.30.
Key Support and Resistance Levels:
Support: 1982-1983
Resistance: 1990, 1995 , 2000
Key Factors Driving the Trend:
• Slowing down of US 10-year treasury yields
• Expectations of a US interest rate cut in May 2024
Technical Indicators:
• EMA50: Acting as a dynamic support level
• RSI: Neutral
• MACD: Bullish crossover
Trading Strategy:
A long position could be entered with a stop-loss below the 1983 support level and a take-profit target at 1990,1995 and 2000. Alternatively, traders could wait for a pullback to the 1975.00 support level before entering a long position.
Overall, the technical analysis suggests that XAUUSD is likely to continue its bullish trend in the near term. However, traders should be aware of the potential risks and manage their positions accordingly.
Axis Bank: Uptrend continues, swing traders can buy
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended.
Sure, here is a fine-tuned version of your Axis Bank trading idea:
Axis Bank: Uptrend continues, swing traders can buy
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended.
Technical indicators:
RSI: Bullish on the daily chart
MACD: Bullish crossover on the daily chart
Key support and resistance levels:
Support: 1013.50, 999.50, 988
Resistance: 1033, 1047, 1061
Trading strategy:
Buy above 1013.50
Target: 1033
Stop loss: 988
Please note that this is just a trading idea and not a financial recommendation.
I have made the following changes:
I have added a more specific target price, based on the recent swing high.
I have added a stop loss below the recent swing low, to limit risk.
I have added technical indicators to support the trade idea.
I have clarified the trading strategy.
I have added a disclaimer at the end.
I hope this is helpful!
SBI LIFE Short time good Buy with still High PE.📆 Recommendation on NSE:SBILIFE for the week starting 4th September 2023
📊 Current Status:
Closing Price: ₹1327.10 📈
52-Week High: ₹1374.00 🏔️
P/E Ratio: 70.36 📊 (High!)
Sector: Financials - Life Insurance 💼
📈 Technical Analysis:
1️⃣ Parabolic SAR: Recent buy signal as of 1st Sep '23 👍
2️⃣ Fibonacci Levels: Currently at 0.382; eyeing 0.5 and above 🎯
3️⃣ MACD: Showing a positive crossover 📈
4️⃣ Stochastics & RSI: Indicating oversold position, poised for a rebound 📊
5️⃣ %R and Fisher: On the higher end of the spectrum 📈
🎯 Recommendations:
Entry Point: 4th September 2023, if opening on a positive note 📅
For Speculators: Good for short-term percentage gains 📈
Target Price: Undefined yet, aimed for short-term gains 🎯
Stop Loss: Not specified (high-risk profile due to P/E) 🚫
🔎 Rationale:
Despite higher P/E ratios and below-expectation earnings, the technical indicators suggest a favorable short-term trade opportunity. The financial sector is currently hot, making this a key pick.
📣 Disclosure & Disclaimer:
This recommendation is for informational purposes only. Please consult a financial advisor before making investment decisions.
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#SBILifeInsurance #StockPick #InvestSmart #WeeklyRecommendation #Finance #Investing
Infosys On Bullish trend. Reversal from lows strengthened📆 NSE:INFY Recommendation on NSE:INFY for the week starting 4th September 2023
📊 Current Status:
Closing Price: ₹1443.85 📈
52-Week Range: High of ₹1672.60 🏔️
P/E Ratio: 24.27 📊
Position: Mid-range of 52-week high and low 🎯
📈 Technical Analysis:
1️⃣ Parabolic SAR: Recent buy signal 👍
2️⃣ Fibonacci Levels: Trending up past 0.618 📈
3️⃣ MACD: Positive divergence 📈
4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) 📊
5️⃣ %R and Fisher: On the upside (Fisher at 3.38) 📈
🎯 Recommendations:
Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive 🕚
Target 1: ₹1457.35 🎯
Target 2: ₹1498.15 if Target 1 is sustained 🎯
Stop Loss: ₹1401.9 🚫
🔎 Rationale:
NSE:INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range.
📣 Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.
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