Lupin is showing MACD hist divergence as well as rsi divergence. So is the time to buy or go with trend? From divergence perspective one could go long by keeping sl of 1045 for the first target of 1110-1120.
Hi Folks,
Nifty showing a loss in momentum, any position taken must be with extreme caution. MACD already showing a loosing steam.
Keep a close watch and keep strict stop-loss, short term can keep trailing exits at 9530. Medium term investors can keep their exits at 9333.
please do take into account your own study, before any decision!!.
Regards,
Bibin
Weekly chart suggest bull run firmly in tact. Today's price action made a slight Harami sort of pattern which is a little troubling. Possibly nearing expiry means the usual uncertainty. However as long as trendline holds, every dip is a buying opportunity towards this trendline. Further, while MACD/RSI suggests that the bull run is tiring, Heiken-Ashi candles...
AVOID long unless closing above 9709 (unlikely), indicators are set for short.
A break of trendline followed by negative MACD crossover could lead to a correction.
Was thinking of going for a 9800 CE SELL and 9200 CE BUY? any opinion? P.S: I'm very new to options.
A weekly chart of MRF hasn't shown any considerable signs of weakness, but the daily broke the descending triangle's bottom @70976 with MACD in divergence with the price action. As marked stays above zero with weekly and monthly both the charts showing positiveness, the bearish movement might just be a correction so my target is going to be 667999. MRF
Symmetric triangle and as well long run trend line formed in Biocon and its seems to break on downside with the confirmation of MACD bearish crossover on bearish trend. As I explained about the symmetric triangle on previous chart (which is pasted the chart URL below). But on this chart, price may break on down side because of the trend indicators on bearish.
...
AMARAJABAT: @ 849.75
Is Back to Back HARMONIC ?
Possible Decent Upside AHEAD.
Scenario #1: If Formation towards Harmonic Bearish GARTLEY , TGT: Nominal Upside & Should be @ 912+
Scenario #2 : If Formation towards Pattern "W" , TGT: Decent Upside & Should be @ 977+ ( May Be in Between @ 959 - @ 981 )
Scenario #3 : If Formed Harmonic Bearish CRAB TGT Should...
Symmetric Triangle formation on Tatachem and may break either side but currently seems like to break on downside. MACD also currently on below '0'. Anyway this pattern may break either side so trade only after break out happen.
Trade for Long:
Buy above - 626.50
Target 1 - 635.50
Target 2 - 644.00
Stop Loss - 613.50
Trade for Short:
Short below -...
Very long narrow trendline about to break on coming days and it may leads to fall. MACD not completely bearish trend but bearish on bullish trend.
Trade:
Short below - 1110
Target 1 - 1088
Target 2 - 1069
Target 3 - 1051
Stop Loss - 1130
Note - There is a Range on Target 2 & 3. Avoid confusion on targets, if the target 1 hit then keep change the stop loss...
metal index saw a good up move in last 2 days .rsi has broken the symmetrical triangle on daily chart and index is approaching rectangle top and a falling trend line . price behavior and rsi suggest we might see a breakout in coming days.
now lets analyse major heavyweights of metal index -
1. TATASTEEL : TATASTEEL
stock after giving strong result showing its...
TORNTPOWER: @ 187.10
Powered by DIVERGENCE Power.
Detail of POSITIVE Divergence along with Indicator Value , Start & End Date:
Divergence Start Date Close I_Value End Date Close I_Value
RSI +VE 13/06/2017 183.45 30.94 19/06/2017 181.55 31.42
OBV +VE 13/06/2017 183.45 3.187E8...
Hi,
A Bearish butterfly is near to its D leg completion on 15 mins chart of DIshman Pharma.
Both RSI & MACD Histogram indicates bearish divergence.
For Entry, wait till D leg to complete & watch price action.
Trade levels highlighted on chart.
Trade with care
Gulz
13 Jun 2017
Bank nifty has been breakdown recent low, might be start the downtrend.
Level 23200-22900, here is one swing high possibility approximate target 23477-23570, watch for pullback or pullback breakout above 23650 then make new high instead down trend confirm
Divergence: 1 hrs, 4hrs, Daily
Trend up but MACD down, so i will wait & short from pullback...
For a year, the stock has been trying to break out the current resistance umpteen times. Yesterday huge volumes were witnessed with a positive indication on MACD & RSI.
Buy above 29
SL - 28.35
Tgt1 - 32 ( 10 % )
Please provide your valuable feedback which would help me improve my ideas each time.
Stock has completed forming a double bottom or rounding bottom or whatever you want to call it.
MACD and RSI shows positive divergence. If 480 can be breached, Tgt1 - 504, Tgt2 - 532
Thoughts please!
Just look at KSL forming a text book bullish divergence on both MACD & RSI. Pick up this stock now and watch it go up!
With infra & housing in demand, KSL is one of the major beneficiary who will supply steel products to these sectors.
Please support and let me know your thoughts
