Below are some indicators we can follow
RSI: around 40 good range for entry, best if can wait for 30-40
MACD: might also give an indication in the next 2-3 days
Here is the weekly charts of Gujarat Pipavav Ports. (OPEN CHART FOR DETAILED VIEW)
Firstly, a historical crucial zone (117-112) is again in action. The price today crossed this zone but wasn't able to sustain above this 7 year old zone, and came back to the purple area. Here the volumes are very high, THIS MEANS THAT THE STOCK CAN GIVE A GOOD BREAKOUT.
Secondly,...
Here is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: As soon as possible...
Berger paints as on 17/5/21
CONDITION 1
1. Current Trend: Sideways
2. Trading near its resistance level.
3. Tested resistance level many times.
4. Resistance level: Around 770
5. support level: Around 700
6. RSI > 60
7. MACD: Fast length above the small length
8. Volume: Higher volumes past two days
Thought process: If the price in near future breaks resistance...
Ambuja Cements as on 19/5/21
Overall Trend: Upward
Currently trading in an upward channel range.
Current situation: Behaving like in sideways trend
RSI: 59
MACD: Not indicating clear signal
Current Horizontal Resistance level: Around 318 price levels
Note: According to a single candlestick pattern, A hanging man is formed in an upward trend with a high volume...
Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...
We have multiple bearish signals starting to develop on this chart.
Today, we can see DOGEUSD moving below EMA10.
EMA21 has already been tested as support... The next time it is hit it is likely to break.
We have bearish divergence with the RSI, same on the weekly...
As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
According to...
I am still bearish on Ripple vs U.S. Dollar (XRPUSD) and I believe that the drop is about to pick up momentum.
Look at the MACD:
This can spell disaster ahead.
Also notice that prices are currently challenging as support EMA10.
After a lower high compared to the first test of EMA10 as support, 26-Nov., this can signal that the next level will be tested,...
Price action pattern: Break-out and sustained from a downward trending line resistance line (From 43 to 35) at 35 with almost flat support line at 32.5. Further after break-out, tested the support turned earlier resistance line and stayed above with considerable volume.
Fundamentals: Results of Q4 2020 and FY 2019-20 is expected on 08 June 2020 (Monday). With...
Tata motor has broken major support of 152.7 ( 78 % retracement level from previous upward rally) and formed three bearish candle below it which confirms accelerating downward moment, and showing it will test old low of 129.15 and will go below further. This is no more pullback wave as it broke 78% retracement level but its new primary downtrend wave. If you look...
USDT.D has formed a bearish shark pattern and has broken the support trendline, indicating a likely move towards the 4.6% and 4.10% support areas. The bearish confirmation is further supported by the RSI falling from the overbought zone and a clear bearish cross on the MACD.
#USDTDominance #BearishSharkPattern #TechnicalAnalysis #Crypto #RSI #MACD #SupportLevels...
In this analysis, we will explore the chart of NATCAPSUQ, focusing on the support levels, key technical indicators, and fundamental aspects that may impact the stock's future price action. By examining these factors, we aim to provide insights into the stock's current situation and potential trading opportunities. Let's proceed with the analysis.
Chart Analysis:...
Unit_of_Technical_Analysis: Chapter 5: The 50% Retracement:
Why they are important, how to analyze and trade them.
(Note: The sole purpose of taking this chapter earlier is because of the existing pattern formed on nifty which is again at 50% level of the range from bottom (29/11/21) to top (13/12/21) formed after that)
Tools used:
1. Fibonacci
2. Moving...
after raise in nifty nifty was gone in sideways trend, please look yellow marked area on price. same time RSI moving average bearish crossover and MACD bearish crossover happened. currently rsi has bearish crossover so wait and watch what will happen to macd. if bearish cross over happen. nifty will go in sideways.
Bajaj Finance Ltd.
The stock is moving in a fallngWedge channel. Time-trend Indicator. Daily RSI & MACD are Bearish as well.
However, we can see a positive divergence formed by both RSI & MACD.
The compression range in a falling wedge is becoming smaller & smaller. If prices sustain above 1865 (i.e. Friday's low), an upward move to 2100 is possible.
KEEP AN EYE !! #B+
Like the Banknifty, Nifty is also resting at an support level. 12090 will keep providing support to the index breaking below it Nifty may slide to 11960, 11790 & 11420 levels. While 12300 will act as a strong resistance zone for Nifty. The RSI is into neutral zone between 60-40 levels, while it is also taking resistance at the trend line. The MACD is also facing...
-Pharma sector looking strong.
-Lupin broke out of a symmetrical triangle.
-Bullish cross on MACD.
-MACD line crossing over zero.
-Stock tested and bounced off the 50 DMA.
-Bullish cross on moving averages recently.
Not an investment advice. Do your own due diligence.
