CUMMINS – CMP - ₹419.10 Dt. – 08-08-2020
On a daily chart, the price is taking the support of trend-line and bounces back. As you can see the price has moved upside after the price touch the trend line on 16th July 2020. Price is above 21DEMA and 50 DEMA. On 7th August the price gave the closing above the resistance level which was placed at ₹416.90.
I personally...
Ethereum (ETHUSD) follows Bitcoin (BTCUSD) which is now in a bearish continuation move (see related ideas).
On the 2nd August ETHUSD printed a long lower wick that tested EMA50 as support.
After this test, we ended up with a lower high...
So EMA100 is likely to be tested next.
The target for ETHUSD now sits at $347/$344, which is the 0.618 Fib. retracement...
The recent correction after the results is a good entry point to accumulate the stock, as the risk-reward is looking very favourable. The stock has failed to break the 50% Fibonacci
support levels, not just one but many time, one can see in the chart itself, the recent kiss was on 30th July. Some further correction can happen if the bank nifty starts to fall. The...
The daily chart shows a beautiful wedge pattern with a tilt towards upward breakout. The weekly chart has shown a MACD uptick yet again and with closing above a strong resistance with good volumes the short term perspective is bullish.
Key Resistance at 6550,6620 and 6750.
Key Support at 6150 and 6000
Happy trading
K
Let's have a quick look at Bitcoin short-term.
This is the BTCUSD pair on the 1H timeframe, let's read the chart.
We can see prices moving below EMA10/50/100 and MA200 (black line).
Bear volume starting to increase as soon as prices moved below MA200.
The MACD moving below zero while curving down.
Weak RSI below 40.
Strong bearish candle on 2-Aug....
This is it folks... Bitcoin (BTCUSD) peaked.
Here we can notice a strong bearish divergence between Bitcoin and the MACD/RSI.
We also have the Bitcoin CME Futures GAP which I wrote about on July 28...
Prices are now clearly aiming lower.
All the support levels are marked on the chart.
Namaste.
HDFC make three black crows and MACD bearish crossover too. sellers are more active in derivative sell side. have strong support zone if it's break then sell below 1757, sl 1811, target 1700
A long consolidation with triangle pattern is seen in sbin trend line daily chart shows a breakdown , MACD is on bearish crossover , RSI Flat and above 40 ,
long if breakout happen over trend line with heavy volume . average volume seen increase in recent days in consolidation phase . long above 196-197 on closing basis for short period gains 1 week . long above...
short below 423....
target 1- 415
target 2- 409
if RSI indicator break 47 lvl then short it for the target
macd and rsi both are showing that it will fall
According to below chart analysis it is observed that Reliance has a steep Chart growth due to various investments announcement for Jio . However due to this steep growth market will tend to correct itself also the same is supported by MACD That the share has been over purchased and it will tend to fall below .It can be traced by the use of Fibonacci Retracement...
Hindustan uniliver make doji candle and next candle is bearish but have strong support at this level. MACD also generate bearish crossover. wait for price action and sell below 2180, sl 2238, target 2120
Sunpharma is at crossroads and the view is it will cross 510 lvls within next few weeks and once it breaches 510 lvls it would be breaking out of multiple resistance lvls.
MACD is clearly showing abc bullish pattern where "C" wave part is about to begin on upside after breaking out.
Watchout Stock for August Expiry : Long SunPharma & Short Dabur
Long at CMP(485)...
Amara Raja Batteries – CMP - ₹698.75 Dt. – 30-07-2020
On a daily chart, the price has given close above 21DEMA. If the stock moves upward it will face resistance ₹713.10 and then ₹732.90. If starts moving down the stock will take support at ₹677.40 and if falls more the stock will take support at ₹636.75.
The MACD indicator has given the sell signal whereas RSI...
