Today was a tremendous upmove for Bharat Forge. I studied this chart yesterday and concluded that today's was going to be a make or break day. Please observe carefully how it has been in a beautiful, steady uptrend pattern. There is mid-support line as well which has time and again changed fortunes for short term traders. Note that 1210 has been shown to to be...
Still in bullish MACD crossover with positive RSI. Heiken Ashi candles suggest continuation of rally. Keep stop losses between 1425 and 1422 zone to avoid getting whipsawed. Minor sideways pattern broken with bullish close on 7/6. Take profits anywhere beyond 1440. Not ruling out higher highs upwards of 1450, but that would need considerable volumes.
Everything is in the chart.
T1 is given is height of the pole.
T2 is given as cup depth.
T3 is given as rounding bottom depth.
Could keep stop loss at cup and handle breakout level.
P.S : Wait for end of week confirmation on the breakout. Preferable if the breakout is with above average volumes.
Also look for positive signs on indicators like MACD and...
COLPAL looks ready to break out of the trading range. Afterall it is the one stock that will benefit most after implementation of GST.
It has not moved in proportion to HUL (HINDUNILVR).
But then why the last candle is red..?
In my opinion, Investors always want short term traders or rather retail Traders as such to be out with their weak hands before a...
Currently in Bullish MACD crossover with decent volumes. Seems to have entered a temporary sideways zone after decent rally. Note that there is good support zone formed between 1103 and 1108 which can be used for SL depending on risk appetite. Take targets anywhere between 1130 and 1138. Not ruling out an upward breakout here but typically sideways movements...
Multiple month support and trend line broken.
Good trade opportunity to short here.
Looks weak on RSI and MACD too.
SL should be break of trend line on an upmove around 59.50 on closing basis.
Target whatever market gives with trailing SL.
The stock is at cmp 1144; In medium term frame the oscillators are showing positive momentum ahead. MACD indicator is the daily charts has just gave a positive crossover yesterday after dipping below zero line which is a big positive sign. Stock seems can touch 1210/1260/1330. Stop placed at 1085.
BYKE price action has given a cup and handle break out at 190, buy zone 185/190 target for 213 & 224 stop loss 178. positive MACD divergence. buy only confirmation on bullish candle. fundamentally good company.
Price is trying and should break this resistance of 246.RSI and MACD both are bullish. Also price is just hugging the 20ema,so it has enough room to run after breakout. One can buy above resistance once you get a clear breakout for targets of 260 and then 271.
Century Tex has been in a uptrend and after a reasonable correction has formed a base near 1066 levels.
The MACD Histogram indicates loss of momentum to the downside & possible reversal to the upside.
This looks like a low risk High reward Trade.
One can take a 1040 Stop Loss & Trade for a Target of 1109.
If the uptrend resumes, we may see these levels in 5/6...
Targets : 3765-4073 Buy range : 3565-3580 Stoploss : 3335 Duration : 4-5 weeks
Outlook :
Looking at the Daily chart, stock has seen tremendous rally from the bottom of around Rs 2772.85 (December 23,, 2016) and rallied till Rs 3799.50 (May 15, 2017).
Subsequently, the bullish momentum got cooled off and stock gradually corrected till Rs...
Price has been consolidating in a channel for quite some time now.RSI and MACD also facing resistance as shown.It should breakout of this channel soon,we need a DECISIVE candle above 202-203 for a proper breakout.Should give 5-8%upside ATLEAST after breakout.
Its time for some correction. HINDUNILVR must go down now. HINDUNILVR have already crossed very important resistance line before 15-17 days. MACD is also slighly bending downwards which indicates that HINDUNILVR may go down now. RSI also says that HINDUNILVR is overbought which indicates that it must go down. We can also see a small bearish candle which indicates...
