looks bearish ; evening star in daily tf macd bearish divergence double top in weekly if todays ( 13th may 2020) low is broken and held, can give an easy 50-150 point crack. i am a short term trader will try and take trades on the downside on reliance.
WILL BUY AT 340 AND HOLD TILL MACD OR RSI SHOWS OVERBOUGHT
Hello Traders & Investors, Corporation Bank ( CORPBANK ) is having a strong potential upside. The chart explains all of it. Firstly, The large volume traded made the prices reach the local maximum of Rs. 29+. Then we see a flat consolidation phase. And now finally, there is a new technical breakout. CMP-25.55 The stock has potential to reach 35 in less than 24...
TELEGRAM- HUSTLE CIRCUIT SHOWING A STRONG TRENDLINE SUPPORT AS WELL AS ASCENDING TRIANGLE PATTERN, MACD SHOWS A POSTIVE UPTREND, WILL BUY ABOVE DAY HIGH, 833.
1. One day chart shows down trend- formation of spinning top lead undeceive circumstance, can potentially change the trend. 2. Current market price is around the support level of 123. 3. Volume is near to average, weak hands in action. 4. MACD- 30 min chart shows cross over and it may last up to immediate resistance. RSI is near to 37 ~ Fib rib confirms...
ITC Ltd. closed below short term support level. Technical indicators (RSI and MACD) are bearish and sloping downward. Next nearby support is 143 and resistance is 50 day SMA (177) and Mid Bollinger Band (180) on Daily Chart. During last Market hours: - huge call writing at 160,165,170 strike indicating more weakness - put buying at 150,140 strike also...
Short term Bullish on NIFTY. NIFTY retrace has been short of 50% Fib. S&P500 has retraced 61.2% - A typical retrace is between 50% or above. Expecting: 1. The retrace to complete 50% of the current fall. 2. Fill a higher gap from a previous retrace attempt. 3. Daily MACD remains positive.
Buy BAJAJELEC for swing trading, share is at it's resistance if that resistance is break then buy it. Also MACD is showing positive diversion and above the zero line.
ICICI Bank Ltd. has decent support near 325, if it is able to stay above 345, it may have bullish move towards 378 (upper bol band)-420 (upper end of channel) RSI & MACD are neutral