Infosys has seen a correction and a recovery. During the recovery phase, we also observe that the third Elliott impulse wave has been completed and the corrective waves have started. The last 2 weeks has seen a consolidation in the stock with a couple of attempts to both break above and below the consolidation. The counter is now seeing some exhaustion and any...
Let's have a look at the indicators for Bitcoin (BTCUSD) Weekly (W).
Here we have the RSI and STOCH on the same chart:
- The STOCH is showing lower highs and trending down.
- The RSI looks strong but is facing resistance right now after a lower high.
- Both indicators are showing good potential for going lower.
The MACD is also starting to show a curve:
With...
Basis price action between 18 May to 01 June Long position Exit is forecasted around 6190 supported by the fact of MACD, RSI Stochastic and the buy setup candle is still at 6. Accordingly time of exit should be reached around 23 June to 24 June.
Following strategy upon retracement post 24/25 June:
Short position Entry at 5877 with SL 5895
1st Cover at 5585
2nd...
Strong player in its field.
V Shape Recovery
Reaching its PRE COVID19 Levels
CRS RSI MACD all positive and trending UP.
Above all EMA's
www.bkt-tires.com
IRCTC Chart Is Showing a Pattern formation Higher Top Higher Bottom . It was Consolidating for 6 Trading Sessions btw ( 1389-1400).
MACD Crossover & SMII Is Showing Strong Bullish Move From Monday. Stock Is Ready For Its Journey towards 1600 within 7 Days.
The stock has seen a nearly 10 day consolidation and has reversed to 38.2% from the previous high. On the weekly chart, there is a nice double bottom and indicators have turned positive. Other indicators like MACD and Ichimoku are also bullish.Currently the stock is at a resistance level. Market Facilitation index is also confirming a trend reversal. Any break...
NAMASTE
TIME FRAME : WEEKLY
1.POSITIVE CROSS OVER IN MACD
2.BROKE THE CHANNEL PATTERN.
3.BREAKING THE TREND LINE UPWAYS.
4.BOUNCE FROM 200 DMA
5.DOUBLE BOTTOM FORMATION, BREAKING THE NECK LINE.
IT MIGHT FOR A CHANNEL PATTERN AGAIN NEAR TARGET, IF THE RESISTANCE IS BROKEN IT CAN RISE TO 300+ LEVELS.
TRADE AT YOUR OWN RISK.
NAMASTE
SCRIPT NAME: AARTIIND.
IT IS CLEARLY AN UPTREND STOCK.
THIS SCRIPT HAS BROKEN THE TEMPORARY DOWN TREND AND TAKEN A BOUNCE BACK NEAR 200 DMA, MACD ALSO SEEMS TO BE GIVING A POSITIVE CROSSOVER.
CAN HOLD IT AS A SWING TRADE WITH ENTERING POINT NEAR CURRENT VALUES,
STOP LOSS NEAR 848 , AND TARGET OF 1115
RISK REWARD RATIO IS 1:2.
In the 1-hour chart, MACD has generated a positive crossover in IGL, easily achievable targets are 586 and 595. Take long position guys it will definitely reach our targets. And keep a strict stop loss at 568.
