TATA STEEL have crossed a very important resistance line so it is giving a very good signal that it may go up for 1-2 months and also MACD shows that the momentum is towards up and even there is no signal from BOLINGER BANDS of reversal which clearly states that TATA STEEL may go up for 1-2 months.
Question : I am a learner and gain little bit of knowledge about indicators behavior from my own. But its take to much time to learn by searching things on internet. I have indications by RSI MACD & MA crossover that this stock go down or rise but timing missed. Please guide me.
Answer : There are two types of indicators. Leading and lagging. Leading indicators...
Targets : 104-108 / Higher Buy range : 88-91 Stoploss : Below 79 Duration : 3-4 weeks
Synopsis :
After showing a sharp downward correction over the last 5-6 months, The Ashok leyland has shifted into consolidation over the last few weeks, as per weekly timeframe.Share has hit one month high on 26-May-17.
Presently, the stock price has staged...
Targets :1317-1305 Sell range : Below 1395 Stoploss : 1450 Duration : 4-5 weeks
Rationale :
The attached daily timeframe chart of this Private Sector-Bank participant (Indusind Bank) is indicating a beginning of a sharp weakness in the stock price.
The gradual upmove of the last 5-6 months seems to have completed, as the stock price has started...
Stock currently at 465.5; on verge of a breakdown i think. We can keep a stop at 490 and trade for a target of 430/410. Both RSI nad Macd looking heavy on weekly chart
Cmp 1444 stock after falling from its recent highs has taken support around 1385 zone ; Looks ready for a dead cat bounce upto 1500 Stop fir this trade can be placed at 1415. Both MACD RSI giving bullish signal.
Stock currently at 2885 is trading at crucial support. Break of trendline can push the stock towards 2785 and below. Stop for this trade would be 2940. Macd also looks bearish
UNITEDBNK: @ 22.55.
Is to be the Next MULTIBAGGER ?
Technically:
Harmonic: Bullish GARTLEY.
WAVE: WAVE - 4 Complete
Retracement: 0.786 of WAVE - 3
Lead Indicators Like - RSI, Stoch etc. are in Oversold (better to say U-turned )
Laggared Indicator Like: MACD etc. nearer to reversing from OverSOLD.
Fundamentally:
Net profit Variation: LOSS TO PROFIT ...
Currently stock trading at 115.95 . It has moved in a channel and now looking to break its previous highs. Macd looks bullish; stock can easily target 122/125
A clear Rising Wedge Patterns takes shape as the NIFTY drag its way further up towards 9500. Negative Divergences with multiple momentum indicators have shaped up, of which the one with MACD is prolonged and ripe for an outcome. A break below this rising wedge opens up quick downsides for the index ... as per patterns one can expect 8800. Breakout above the...
Seemingly from the highs a complex A-B-C correction is about to end with a ending diagonal in 5th of C + Positive divergence in Day timeframe in RSI and MACD indicators.
Aggressively holding above 2540 on day closing basis..expect a strong rally as part of larger correction OR embark on a journey to new life highs as 5th UP in larger timeframe
"Nifty : Bulls & Bears, Who Rides On What?" Well, the discussion on this issue can be an endless. However, the importance and the very existence of both makes the market more reliable and provides an endless opportunities for both buyers and sellers. And I think there is no doubt about it and everyone agrees on it unanimously.
Above is Nifty's chart on daily time...
