61.8 ressistance showing in weekly chart . candles loose there momentum. Macd histogram showed negative divergence in 4hr chart pattern.
today candle show bearishness when it closed below previous candle. short when it breakdown the trendline of accending triangle pattern. NSE:ADANIPORTS
HDFC Bank Ltd. - WEEKLY VIEW
The Stock is trading above the previous week high and near the resistance level.
Technical Indicators - MACD bullish crossover. RSI rising upward.
Nearby resistance is 1017. If the price closes above 1017 level, the next respectable resistance is 50 day SMA(1135) and the support is 826 on weekly chart.
KEEP AN EYE!!...
Biocon Ltd.
The stock has given an excellent volume breakout above 365.
RSI is bullish. MACD is neutral to bullish.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
Staying above Monday's high (390), the stock may continue the momentum and show further upmove.
340 might be considered immediate support.
KEEP AN EYE!! #B+
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Stock Is Trading at 140. Strong Support at 138 . Moving Average of 5 days is about to cross and Go up from a moving average of 9 days. MACD showing Stock is Consolidating at the support level and now ready to take off. twice Volumes in the last 2days. Stochastic Indicator has entered into 20 zones with positive momentum. Bollinger Bands Are Getting wide...
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NSE:GICRE
Long GICRE with a target of 170 and 200 for 2 to 3 month range
SL around 120
Reasons being:
1. Bullish Flag formation
2. Breakout in Flag with double the Volume
3. Buy Signal in MACD
Hindustan Petroleum Corporation Ltd.
Extending the intraday positive bias the price closed around day's high which signifies short-term bullish bias in the price.
As of now 186.50 - 188 is SUPPLY ZONE and needed to be considered as an immediate small resistance zone.
Breakout and sustainable trading above 188 can inject fresh demand which may pull the stock...
Price Action: Sharp Rejection from the Upper Resistance Line, in a confirmed downtrend.
Indicators:
MACD about to crossover for a bearish Signal.
Stochastic indicating an over brought Position as its above the 70 line.
Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
Dr. Lal Pathlabs Ltd.
The stock gave a breakout from Symmetric Triangle Pattern and is trending sideways near resistance level (Low Bollinger Band) of 1512.
Time-trend indicator is BEARISH in hourly and daily timeframe. RSI is below 50 and MACD is weak as well.
If the prices break the Support level (1512) with Volume and conviction, we might see 1460 in few...
Sun Pharmaceutical Industries Ltd.
The stock has broken out of a flag pattern consolidation on 21st May and the following candle showed buying conviction.
RSI & MACD are bullish. Time-Trend Indicator is BULLISH.
Staying above 454, it may move towards 485 swiftly and then to the swing high of 504.
KEEP AN EYE!! #B+
HDFC Bank Ltd.
The stock is in moving in a downtrend from last 3 weeks.
RSI & MACD looks bearish. Time-Trend Indicators are BEARISH in Daily & MONTHLY.
From the swing low (810) we saw a upward pullback from 846 (61.8% FIBONACCI pullback) that is still acting as a strong support.
Staying above 846, it may go to 909 (mid bollinger band).
Below (810-795) levels,...
