Hi,
A Potential bearish harmonic bat near completion on 15 min chart in confluence of trend line resistance.
Note : MACD 4C giving bearish divergence.
Trade levels as follows.
Entry (Price Reversal Zone) : 354
TP1 : 337.4 (38.2%)
TP1 : 330 (61.8%)
Stop loss : 359.5 or higher
Always watch price action before making entry ( for a better risk/reward...
Hey, i have a strange habit of staying late and trying different combination to find early indicator, as you can be when i was play with simple indicator like MACD and MA, i notices some thing interesting, at least for me, so wanted to share with others. I think sometime trading swing is the simplest yet overthinking complicates it and fear and greed makes us...
Symmetric Triangle pattern formation on Divislab on 1hr chart and it may break either side. MACD trend showing neutral bios. So, wait and catch the good entry.
Trade Long:
Buy above - 664.00
Target 1 - 669.00
Target 2 - 674.00
Stop loss - 656.00
Trade Short:
Short below - 652.50
Target 1 - 647.50
Target 2 - 642.50
Stop loss - 660.00
IDBI in the verge of reversing the trend backed by strong monthly support at 50 levels also MACD crossover happen now.
So one can buy for target of 57, 59 & 62. SL 53.5.
Symmetric Triangle pattern formation on Nifty and it may break either side. MACD on bullish crossover on bullish trend. So, it's having bull strength. Let see, how the pattern respond.
Trade Long:
Level above - 9645
Level to exit - 9675
Trade Short:
Level below - 9615
Level to exit - 9586
Chotta bheem (small) trendline on Voltas and MACD bearish on bullish trend so not give a big move on downside.
Trade:
Short below - 460.80
Target 1 - 456.50
Target 2 - 452.10
Stop Loss - 466.60
SRTRANSFIN has broken out of a mid term symmetrical triangle pattern with huge volume breakout. Tomorrow we could see a followthrough of this breakout.
The MACD has crossed the signal line & center line signalling a buy.
The DI+ has crossed over DI- signalling a buy.
Buy at current levels for target of 1110/1119.5 . Watch if it gets taken out & ride along as long...
Trendline breakout of Bearish side on NCC. MACD and RSI trending on bearish side.
Trade:
Short below - 87.00
Target 1 - 85.00
Target 2 - 82.80
Stop Loss - 89.50
Note - Trendline already broken on downside.
Ascending wedge breakout .... weakness in RSI...... clarity in MACD conversion to downside , indicates a possible correction to major support zone 22980 ..if 14/07/2017 shows any signs of weakness than banknifty has more chances for correction ...lets see wht the market is gonna offer us tomorrow
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
