Balrampur Chinni might have completed the upmove in the present cycle and could distribute before moving down. One may close long positions and initiate shorts on rise with a potential dip towards 117.
A converging MACD on the downside and a dip in RSI from overbought region back the call.
As on 20 February candle closing, the nifty trend till now uptrend, two things helpful on that day to confirm the reversal, 1.bullish engulfing, 2, MACD Histogram , expected the move till 10940-985 levels, wait until the further signal.
SBIN on a daily chart is showing a convergence in MACD, a rising RSI from over bought regions and hence a move towards 272 and 277 might be on the cards. SL to be placed at 258.
FX_IDC:JPYINR
Making lower low on daily time frame on the Heikin aishi price charts and MACD histogram also showing support. We trade on the short side for the day with proper money management.
Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price...
FX_IDC:USDINR
The USDINR is making higher high on Daily time frame for last 3 session. Also supported by the MACD histogram. We are to trade in the long side only with proper money management.
HEG has seen a sharp correction from near 5000 level to below 2000 level and then went into consolidation mode. All this fall and consolidation have leave to emergence of pennant on daily chart. MACD is trading below 0 line but positive crossover has been witnessed. on upside level 2320 and 2650 would be the resistance level. Close past 2320 would negate Pennant...
FX_IDC:GBPINR
The Pair has not made lower low on Heikin Aishi price charts. On the 1 Hour chart, it is made a green candle with MACD histogram rising and Stoch also giving buy signal. So wait and watch for buy signal.
A rising RSI and a converging MACD indicates a short term upmove in MFSL.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully...
FX_IDC:JPYINR
JPYINR making lower low on daily chart. On the 1 Hour timeframe, MACD histogram and stoch has turned weak with second red candle for the day. Time to go short on JPYINR. Maintain stop loss.
#1 Key Highlights:
* Ripple(XRP/USD) price surged 10%+ recently.\u2028
* It broke short-term downtrend line(black).\u2028
* Resistance level $0.32+ tested and now in correcting phase.\u2028
* Possible S/R flip in play.\u2028
#2 Chart Analysis:
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has broken the short-term downtrend...
#1 Key Highlights
* Support around $100+ level held strongly.\u2028
* 200H-MA(moving average) broken with buying volume.\u2028
* Ethereum(ETH/USD) price surged 20%+.\u2028
* $120+ resistance broken and retested.\u2028
#2 Chart Analysis
Ethereum trading $122+(Bitfinex) and showing signs of strong upward momentum.
Looking at the ethereum trends on Hourly(4H)...
FX_IDC:EURINR
We mainey follow the price action on Daily Heikin Aishi chart with support signal from MACD histogram and Stoch. As per this chart, we have to trade only on the short side. We enter trade on the 1 hour candle, so after the first 1 hour candle is made then we enter trade if the market is still in red. Keep stop loss at previous candle high. Decide...
