WEEKLY POSITIONAL CALL-3
CROSSED 20/50/100/200-DMA IN A SINGLE DAY
MACD POSITIVE CROSSOVER
JUNE FUTURES TRADE
BUY @410
STOP @404
TARGET 1@415
TARGET 2@420
LOT:2000
QTY:2
-Stock broke out of a falling wedge pattern.
-Breakout on high volume.
-Bullish cross on MACD
-Bullish cross on Stochastic along with bullish divergence.
Not an investment advice. Do your own due diligence.
-Broke out of a small inverted H & S pattern and held the retest.
-Consolidating nicely in a bigger inverted H & S pattern.
-Nice volume action.
-Long term ascending triangle.
-MACD Bullish cross.
Not an investment advice. Do your own due diligence.
-Index hitting the upper band of the channel.
-Bearish pin bar forming today.
-MACD going to turn bearish.
Not an investment advice. Do your own due diligence.
The last point of support in formation
the ichi moku system depicts a resistance picture at play, but along with a potential break of resistance, considering the impending TK cross and the macd in a favourable cross for a breakout of the kumo clouds..
with wyckoff accumulation acting behind, a fresh motive wave is impending...
trade management wise, Ideally,...
- Stock bouncing off nicely off of the ascending trend line.
-Approaching key resistance.
-Bullish MACD, RSI, and Stochastic.
-Volume drying up during the recent consolidation.
Not an investment advice. Do your own due diligence.
#ADFFOODS CMP 249.95 After a month long H&S bottom formation the stock broke out in April with low volumes. Since then consolidating within a rectangle and is trying to break out of that pattern. RSI, MACD and ROC are all in uptrend. Primary target of H&S pattern: 270. SL: if it breaks below the rectangle at 230
-Stock broke key trend line on weak earnings.
-Stock retested the trend line and failed to stay above it.
-Stock moved below 50 and 200 DMA recently.
-Selloff on high volume.
-Bearish MACD and RSI.
-Slight bullish divergence on Stochastic so the stock may see a day or two of relief rally but long-term outlook doesn't look rosy.
Not an investment advice. Do...
BNF WEAK 30 MINS CHART SO BELOW 26500 EXIT LONGS IN BNF AND CREATE FRESH SHORT IT MAY TOUCH 26100 LEVELS IN 2 DAYS IF 26500 BREAKS .
MACD IS ALSO INDICATING A SELL SIGNAL ( NO CONFIRMATION YET)
-Coiling up nicely in this pattern.
-High accumulation volume days.
-Double bullish divergence on Stochastic.
-Bullish engulfing candle.
-MACD close to a bullish cross.
-Bullish pennant on the monthly chart.
-Bullish pin bar on the weekly chart.
Will go long if it breaks on the upside.
Not an investment advice. Do your own due diligence.
Scrip can be seen showing sign of corrections with MACD short term average going down below long term and price action coming below short-term EMA although dragonfly doji has formed on weekly charts so there could be some retracement however, the scrip is very much worthy of accumulating on dips. As of now, It is trading at expensive valuation with P/E -...
Please note that these stocks in no way are meant for immediate buying.
Instead, it's my shortlist for this week - where the stocks are in trade action zones. And could prove to be best buys if entry signals received.
However, the price may also go in the reverse direction.
I would hence be looking for entry confirmations like Breakouts, Ema Cross, RSI/MACD...
-Bullish falling Wedge Pattern.
-Reversal from key resistance.
-Bullish divergence on RSI.
-Bullish divergence Stochastic.
-Bullish divergence on MACD along with a bullish cross.
-Three White soldiers candlestick.
-Decent uptick in weekly volume.
Not an investment advice. Do your own due diligence.
Will go long once it breaks out on the upside.
Concerns are
spring failure and bearish monthly macd
A change of character which will convert the current resistances
into support, and will leave the support of the trading range , which presently the price action seems married too...
Also consistent rally on volume with good demand bars, will be the qualitatily appearance of change of character, signifying,...
The present price action went above the demand line of the channel and face a climactic stopping action n came back into the trading range to retest supply..
this looks like last point of support in formation post Phase C sos..
Also the huge surge in volume at 52week support speaks the same impression
whats interesting is, the macd is bearish and ichimoku system...
