Rising Wedge Pattern formation on SRTRANSFIN and lead to fall once if broken the pattern. But MACD not clear bearish, seems bearish on bullish trend. Trade: Short below = 1057 Target 1 = 1044 Target 2 = 1032 Stop loss = 1067
Head and Shoulder formation on Bajaj Auto and MACD seems strong bullish trend. Trade: Buy above = 2846 Target 1 = 2867 Target 2 = 2884 Stop loss = 2825
Triangle pattern formation on Axis Bank. Macd Bullish crossover on above '0' barrier. Trade: Buy above - 518.50 Target 1 - 524.50 Target 2 - 529.00 Stop Loss - 513.50
Trend breakout may happen on Bank Nifty (Index) and MACD on bullish crossover on above '0'. Level: Bullish above 21545 Level 1 - 21620 Level 2 - 21695
#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle. Volumes have been rising with price rise form 6 trading sessions MACD oscillators have...
Madhucon is on long term breakout triangle pattern. Can expect 65-70 within 6-8 months. Squeeze momentum indicator and MACD are giving bullish signal.
Today JKTYRE confirmed resistance break. MACD is supporting break most likely upside will start from here. Enjoy
IOC is showing Up Flag pattern which is a Bullish pattern with a nice breakout with good volume. Target around 470 Also MACD showing a crossover 4 candles before the breakout (this is just for study purpose, PROs please advice)
re drawn the lower channel 3 times because of price break down upward channel working well macd is showing divergence and prices are stalling 9120 is the crucial to watch if nifty trades below those levels we can assume nifty has made a top break below 9120 expecting 8941/8738 above 9270 all these will not be valid if that happens nifty up side tgt will be...
Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
Tested long term support at 131 and bounced back. Strength confirmed by MACD as well. Enter long for a target of 150.
Price made double bottom Trend line connecting the MACD levels of the corresponding bottoms is upward This creates a classic bullish divergence Target - 145 SL - 127.50
It has been observed in one hour chart of biocon, the price action has broken the upward channel. RSI has formed a regular bearish divergence. When the price is making a higher high (HH), but the oscillator is making lower high (LH), it means regular bearish divergence has formed. MACD is showing weakness. Sell below 1125 with the stoploss of 1140. Targets are...
I generally avoid looking at a chart < 4hr. TCS however is compelling from a "trading" perspective at current market price. Clean 5 wave decline + falling wedge + Positive divergence in RSI and MACD indicators + trendline support. No brainer to go long with SL = Hourly close below 2390. TCS was covered as a BUY in longer timeframe. Please refer to Links / related ideas
Tatacomm is nearing its long term support line. Previously it has taken support of the trend line in January 2017, gaining 150 points in two months. Check the RSI and MACD indicators I have marked. Will the history repeat again? We have to wait few more days to know how it gets repeated in different way. History gets repeated always but in different ways, not in...
A BIG rise from 60 odd levels to 200+ in Nifty front line stock coming to an end. After which a multi-week correction should set in. An ending diagonal in weekly time frame along with a Negative divergence in RSI and MACD indicators. Strategy is to sell on all rises between 202 to 212 with Stop loss = Weekly close above 222. Maruti also in a similar pattern.
Whoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone. The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone. Aggressive traders can enter long at the current support level. Conservative traders, enter the trade at the break of...