Bajaj Fin has been in clean uptrend(EMA200). Crossed above pivot level today, after confirming upward move at 3rd candle, entry can be made at 3610. Expecting it to make next swing HH above/at R1 level so Target set below R1 (at previous swing HH 3756 which is also the start point of a symmetrical triangle). This symm tri is nearing its breakout. MACD used to...
We are looking at a potential head & shoulders pattern which together with other signals confirms a bearish Bitcoin.
Right now we have prices moving below EMA10 for BTCUSD on increasing volume.
The MACD has been trending lower and lower giving out multiple signals in the form of bearish divergence.
The RSI is trending down strong.
All these signals...
Pidilite has been idlying for a while where 3 months return stand at only 5 %. Stock has consolidated and now showing signs of breakout. In a swing trade target can be taken at 1514 with support at 1375.
RSI is looking strong at 60 with MACD line moving northwards. A beautiful chart.
Note - No recommednation or suggestion. Please do your own Analysis. Please...
With 3-4 Days view Buy ITC. Stock is about to show a multiple week symmetrical triangle breakout. MACD is Also Supporting the breakout with ADX Showing Power in the move. The Price is at a Support of 50 Day Moving Average. So It is the safest bet with a decent return of 5 to 8 %.
Nifty is holding to it's trend line support. As long as it's holding it, I am bullish on it. MACD is also closing in for a long.
So, the target remains 12240 and Stop Loss has been moved to 11390.
Price Action : Stock recovered from Rs.50... side way for long time ( consolidation zone )
After that STOCK recovered (Breakout), CMP 119 with huge volume. ( CEO announced resume operation and experiencing huge demand after opening up ) in front of amid COVID 19.
CORONA disturbed world financial market.
We may see downside upto 110 as it is crucial immediate...
CMP=410.30
50DEMA- 413.8
200DEMA-417.04
Today it crosses its 20days EMA and touched its 50days EMA with good volumes. it couldn't sustain above its 50dema. which is the first resistance in its upwards journey. good consolidation in the range of 385-390. now if up move sustains then we can see a good up move till 438 which is multiple time support and resistance...
The stock is showing sign of coming out of consolidation zone --> 290 - 320
multiple times the upper limit has been tested, this time possibility of breaking the 320 zone is very high.
MFI on 1hour chart is increasing also macd showing positive signs.
Trading Setup:
1. Sell 300PE === @approx 8-10 value .
2. Buy CE Side setup not much good. still 320CE can be...
The price took support of the Ichimoku cloud at 358+. The future cloud is in green. The MACD is in green. The momentum is at 21 which is positive sign.
Resistance Levels: It might see 1st resistance at 379.45. 2nd level resistance is at 392.45.
Support Level is at 339.10.
