Looking at Bitcoin (BTCUSD), prices are moving NOW above EMA10 and EMA50... Changing our bias from bearish to BULLISH!
THIS IS GREAT NEWS!
Breaking above EMA10/50 is a really good bullish signal and only confirms after the daily candle closes... So this is an "early signal".
The RSI supports this move since it is above 50 which we consider bullish/strong.
The...
Hey Guys,
Go Long only after taking support from the trend line. If it breaks you can see a good downfall.
PVR is forming a symmetrical triangle pattern and trading in a range from a few days.
Points to consider.
1.RSI is 60 perfect for going either side.
2. Volume is getting squeezed from few days.
3. Strong trend line support.
4. MACD is in the Thin range.
5....
As discussed earlier in my ideas, it was said that if nifty managed to climb above 10900 marks and sustain on it that can be a strong bullish sign. On the last trading day of the week, nifty successfully closed above 10900 after having a significant correction to the level of 10600. The index has triggered the level of 10900 for the third time which resulted in...
Britannia has given nearly 100% return from March lows and currently is trading in weekly resistance zone of 3400 - 3800 levels.
Friday closing isn't looking good, any close below 3400 lvls would mean the rally is over at least for Britannia.
MACD is also not really looking good as well, it is consolidating sideways while the price has been rising.
Watchout FMCG...
The index witnessed a healthy correction last week although it recovered sharply after briefly touching 21000 when it was supposed to correct to at least 20800 (38.2% from the top). The week ended with volume-based buying in the last hour and the Stochastics on the Daily chart is not only at an extremely oversold zone, with a positive crossover now and the MACD...
Hello my fellow cryptocurrency trader, wishing you a great Sunday today and also a wonderful upcoming New Moon.
We've been looking at Bitcoin (BTCUSD) over and over short-term... Which can blur the long-term picture as to what is coming for this cryptocurrency, the King... next.
Hit LIKE now and let's get straight to the conclusion...
Bitcoin (BTCUSD) is very...
LT – CMP - ₹925.55 Dt. – 18-07-2020
On the daily chart, the stock has broken the trendline on 10-07-2020 and fall for 3 more days. From last 2 days, the stock is closing above the previous close which is good. If this trend continues then by 2 trading sessions the MACD will give the buy signal and the stock can try to break the purple line and start moving upward....
Asian Paint support at 0.5 Fibonacci level with hammer and inside bar patter , all thee showing strong reversal pattern , keep watch it , support volume and MACD , it may break upper registrant line. see with bollinger band narrow rang ending
One day candle shows Descending triangle pattern which indicates bearish, once the pattern breaks there will be chance to go near 20 to 22. MACD also ready to make bearish crossover. RSI in Neutral
Tata Motors – CMP - ₹102.95 Dt. – 16-07-2020
On the daily chart, the stock is moving in pattern taking the support of redline. Apart from trendline the price also takes the support of 50DEMA. If the stock breaks the 50DEMA support then the price can go up to ₹99. If the stock moves upward and crosses the above redline in the next trading session or after touching...
Adani Ports – CMP - ₹320.4 – Dt. – 14-07-2020
On the daily chart, you can the stock has made continuous low for past 3 days and in last session, the stock made black Marubozu which indicates bearishness in the market. If the market is a week in next trading session than stock can go up to the support level of ₹301.25. On the controversy, if the stock starts moving...
Grasim – CMP - ₹588.90 Dt. – 15-07-2020
On the weekly chart, you can see how the stock is falling since 2018. The stock has given closing below 20DEMA. A support level is placed at ₹581.15 and if the price breaks then it can go below ₹500 easily. Redline will act as a crucial support line but it will take a couple of months to reach there.
If some good news comes...
There are two ways this can go!
1. Daily chart breaks the support and falls (after a retest probably)
2. daily chart takes a support from here where 2 HR there should exist a bullish divergence in the MACD histogram and should start going up!
Points to note: Weekly chart has a bearish divergence and daily chart also has a bearish divergence! So probability of...
RELIANCE IND. SUPPORT AT 0.23 FIGONACHI LEVEL AND DIVERGENCE GENERATED IN MACD AND RSI IF BREAK THIS LEVEL MAY FAULT TO 0.50 FIGONACHI LEVEL ,PAST 2 TIME FAUL AFTER RED BIG CANDLE SEE NEAR ARROW MARKS
Possibility of Bullish Setup for Godfrey Phillips Ltd. Stock in 6 month upward trend with bounce back from March ' 20 lows. MACD showing signs of upward move for Target of 1150 - 1175.
NIFTY - Technical Analysis:
On the daily chart Nifty broke into the previous wedge after giving a failed breakout
There was a big OI build up for weekly call options at 10700 strike, indicating that writers are confident that Nifty won't cross 10,700 levels in the next 2 days
MACD entered negative levels, giving out a strong sell signal
NIFTY - Driving...
In 1 hour chart we can clearly see breakout in Larsen & Toubro. We can confirm our breakout in Aroon Indicator, MACD has also generated a positive crossover. Take long positions guys we will definitely achieve our target.
![BANKNIFTY: BANKNIFTY [20th July 2020]](https://s3.tradingview.com/k/kwZ7pIzL_mid.png "BANKNIFTY [20th July 2020]")
