Fag Bearings India Ltd is having a strong fundamental, and a good stock to have in ones portfolio.
Currently the the stock is trading near its support level, like the other one I posted today in AKZO,
(A CONFLUENCE OF TREND LINE & 89 EMA SUPPORT), but the MACD doesn't comply an upward move.
If sustaining above the trend line it can give a hand some return.
Weekly flag breakout with high volume.
Target is open but acc to pattern given as height of the pole.
SL is place at the low of last candle a.k.a new support.
Targets : 265-275 / Higher Buy range : 245-250 Stoploss : 224 Duration : 3-4 weeks
Outlook :
The stock price as per daily timeframe has been moving in a consolidating sideways range over last few weeks and has been moving consistently making similar tops and higher bottoms (black converging lines).
After showing such decline of the last few...
RSI also broken out of uptrend channel, MACD line also pointing upwards.
PAGEIND have posted good results for Q4 and shown good growth yoy & qoq.
I am long at 14382.45, lets see where this 'JOCKEY' take me to.
YESBANK says yes.. lets go for long..
Its Maintaining trend line.
RSI strong, MACD also good.
Why not go for long? Iam expecting 1620-25.. let me know what u think.
Overall vedl is in positive direction.
We can see rock solid RSI
MACD attitude also positive.
It has already print 3 top @ 245.
Whenever it touch 200 moving average it get bounce from there.
Right now VEDL playing in its range and very near to 200 MA.
We may see 223-225.. and bounce from there.. It may go 245 if break 248... then next target would be 275
Guys...
Bearish Engulfing pattern formed with significant volume. Closed near day's low. MACD in imminent bearish crossover. Aggressive trade, keep trailing stops and use indicated zones to book profits. Dow theory suggests that this could be the completion of Double top pattern with significant resistance at 1170 levels
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.
