Long term trends: Evolution Petroleum Corp is showing a upward trend. In the past few months this scrip has moved 80%. The good news in the crude prices has kept the momentum going for this scrip. Currently it is priced at $9.20. The blue area shows the price movement of EPM and as seen this movement compares positively with IXE Index. This is confirmed by good...
Dear Readers,
It has been noted that the BankNifty has taken support around level of 18180 - 18190 many times. Today, as shown in the chart, we can see that BankNifty not only has breached out of the "Triangle" formation but also has breached and sustained below its support around 18180 - 18190 level since 25th November, 2016 for longer period on 15 minutes time...
Hindalco is unable to cross this area in weekly chart and showing divergence in MACD and RSI. The same thing is observed in daily also. I think it is a short. Pls let me know your views.
Crude oil markets have been responding positively to the cut by OPEC and this has effected the sentiment of crude heavy stocks like XOM. In Sept of this year a double bottom formation was seen as confirmed by MACD indicator followed by a sharp increase in prices. The 50 day EMA shows signs of slight uptrend. I would expect a correction in the price down to the 48...
Technical Analysis:
EMA 5/20 bullish crossover and EMA 50 lying below the price.
Stochastic on bullish but lying in overbought level and may take some correction.
MACD on bullish and histogram on above the level '0'.
RSI above 50.
Trade:
Buy above - 1042
Target 1 - 1049
Target 2 - 1058
Stop Loss - 1033
Reward Points - 16
Risk Points ...
Technical Analysis:
RSI above 50.
MACD on bullish crossover and Histogram on above '0' line.
Stochastic on bullish but in overbought level, so may be take some time to make correction.
Price lying above the EMA 50 and EMA 5/20 bullish crossover.
Trade:
Buy above - 631
Target 1 - 637
Target 2 - 642
Stop Loss - 625
Reward Points - ...
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
After showing a bull trend that lasted several years the stock has moved to bearish teritorry in the past year. During this time the stock price has been range bound between 36 and 46. It is showing resistance at 36 levels. The relative strength of the stock when compared to the S&P 500 is indicating that Abbott is underperforming the market and bearish. This is...
Nifty 30 M chart
Trading currently at Gann Arc 4x1 (red arc) resistance.
Support could be around Gann Fan 2x1 blue line 8100
and GannFan 4x1 green line near 8020
30m Macd showing a negative divergence and cross over.
Also note the EMA13x8 cross over on top
Nifty :8114
Hourly chart looks positive ,MACD is entering in to
bullish zone and showing bearish candle.Here is a
possible Bat pattern, expecting a PRZ 8177 area.
When prices make higher lows (green line) & in the same duration if you notice lower lows in Indicator as shown in the MACD indicator (red line). Looking for B-Wave upside which could retrace in the zone 50% to 61.8% zone- giving us target zone of 545-560.
Sustaining above 520 could be keenly watched for target zone 545-560.
Falling from 600 to 467- click the...
Triangle formation on Reliance. in this triangle price will break any side, either long or short.
hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend.
Anyway keep until the buy or sell initiate the level.
Trade Idea:
Long
Buy above - 1000
Target 1 - 1006.50
Target 2 - 1012
Target 1 points gain - 6.5
Target 2 points...
Dear Traders
Triangle formation of BPCL in 15mins chart and it may break either side.
Hurdle for long - EMA 50 lying above the price and it will act as a Resistance.
Other indicators like MACD, Stochastic and RSI looking bullish.
No trade until the price break the triangle.
According to MACD analysis, a bearish crossover just happened and it's a negative signal. But historically support is found in the range of 23.5 to 25.
Take Long position @ SUPPORT LEVEL 1
TARGET @ 27.5
SL @ 22
