#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle.
Volumes have been rising with price rise form 6 trading sessions
MACD oscillators have...
IOC is showing Up Flag pattern which is a Bullish pattern with a nice breakout with good volume.
Target around 470
Also MACD showing a crossover 4 candles before the breakout
(this is just for study purpose, PROs please advice)
re drawn the lower channel 3 times because of price break down
upward channel working well
macd is showing divergence and prices are stalling
9120 is the crucial to watch
if nifty trades below those levels we can assume nifty has made a top
break below 9120 expecting 8941/8738
above 9270 all these will not be valid if that happens nifty up side tgt will be...
Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
Price made double bottom
Trend line connecting the MACD levels of the corresponding bottoms is upward
This creates a classic bullish divergence
Target - 145
SL - 127.50
It has been observed in one hour chart of biocon, the price action has broken the upward channel.
RSI has formed a regular bearish divergence. When the price is making a higher high (HH), but the oscillator is making lower high (LH), it means regular bearish divergence has formed. MACD is showing weakness. Sell below 1125 with the stoploss of 1140. Targets are...
I generally avoid looking at a chart < 4hr. TCS however is compelling from a "trading" perspective at current market price.
Clean 5 wave decline + falling wedge + Positive divergence in RSI and MACD indicators + trendline support.
No brainer to go long with SL = Hourly close below 2390.
TCS was covered as a BUY in longer timeframe. Please refer to Links / related ideas
Tatacomm is nearing its long term support line. Previously it has taken support of the trend line in January 2017, gaining 150 points in two months. Check the RSI and MACD indicators I have marked.
Will the history repeat again? We have to wait few more days to know how it gets repeated in different way. History gets repeated always but in different ways, not in...
A BIG rise from 60 odd levels to 200+ in Nifty front line stock coming to an end. After which a multi-week correction should set in.
An ending diagonal in weekly time frame along with a Negative divergence in RSI and MACD indicators.
Strategy is to sell on all rises between 202 to 212 with Stop loss = Weekly close above 222.
Maruti also in a similar pattern.
Whoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone.
The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone.
Aggressive traders can enter long at the current support level.
Conservative traders, enter the trade at the break of...
Wipro daily chart is showing negative divergences with MACD and Stoch RSI. Today's Close is at 490 which is very near to resistance of 500. Also, possible pullback can be expected considering the today's close just above the boundary of upper Bollinger band.
These 4 reasons indicate the price pullback in next 2 trading days. Prices may test the resistance of 500...
Tata Chemical is showing head a shoulders pattern. Expect downwards movement to 545 levels. This is also confirmed by the MACD falling below the signal line.
The short term chart (thanks to Vanati) shows a descending triangle pattern with a dead cat bounce.
