the trend for eurusd is going down and macd rsi also support that
As we see Titan confirmed Double Bottom pattern by closing above 325 level. Also there is positive divergence in RSI & MACD histogram indicators at the two bottom levels namely at 303 & 308 confirming the reversal of downtrend. On balance volume also rising. It achieved target price of 350 levels as per double bottom pattern calculation. Next Target price is 375 ....
confirmed Double bottom formation as it broke above 8274 levels on Intraday basis. . It is currently facing resistance at 8290 levels which is the downward trendline resistance. A close above 8300 would be a positive sign for the Index Also note , MACD histogram and RSI indicators are showing postive divergence which is a Bullish sign. Any break above 8300...
we have a long time trend line res: at 19980 , it can go there also, but it is not the way , i approach the target level, unless i see an extreme bull market, i cannot sat higher target. look at the indicators turning bullish, but notice that , they are all under bearish zone Eg: the macd is below zero line @venkaticr, External influences like an election, a...
Nifty 8288. Assumes that wave iv is concluded at 8228 & we are in the wave v th, which may conclude around 8312 _ 8360….. Now the reversal level is 5th of v th start level 8228. Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line BLUE, DEMA 100 resistance (not 34 sorry), and Daily MACD above...
Continuation On MACD supporting upside in USDINR chart
BANKNIFTY 18287 The said 17600 level supported well, now the resistance is near18500. MACD is in bullish zone.
According to ichimoku, the cloud broke, but the chikou span is still in the cloud, so we still have not got the confirmation of the new trend. Also MACD is showing overbrought, so have to wait for the confirmation so we can trade.
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
Currently we may be in a sub wave iv correction and nifty can go further up, to complete the v th may be around 8312 _ 8360….. Caution level is v th start level 8133. Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line, DEMA 34 resistance, and Daily MACD zero line resistance, and the indicators are...
It has been obserbed MACD crossover on hourly chart and will brake the downward trendline.
At this point, the new upside is forming but with weakness in bullish MACD crossovers. There are very less chances that Nifty will breach the Resistance Line, even if it manages to breach it, it may fail to sustain new upside. New bullish entries are expected to be avoided. A sideways move or breach in Support can be expected.
Ascending Triangle on TATA Motors and will break the top line of the triangle. Indicators like RSI, MACD & Stochastic are showing bullish sign. Trade: Buy above - 483 Target 1 - 499 Target 2 - 516 Stop Loss - 467 Reward Points - 33 Risk Points - 16 "Happy Trading"
Symmetric Triangle on SUN TV and it may break either side but indicators like RSI, MACD & Stochastic are showing bullish sign. Let see, where its going to break ? Levels for Long: Level 1 - 505 Level 2 - 516 Level 3 - 526 Level 4 - 536 Levels for Short: Level 1 - 473 Level 2 - 465 Level 3 - 456 Level 4 - 446 "Happy Trading"
As it can be clearly seen on the charts that this stock is showing divergence. Prices are making lower lows and indicators like MACD, RSI is making higher high which is a clear sign of divergence. Even the stock has given the breakout from BASIS ( middle line of bollinger band ) . So definitely its a buy on current levels for the targets of 925 with a stoploss of 800.
Oberoi realty has quite a brand name in Mumbai and its projects always attract a premium. After a great annual result with over 50% sales increase the price zoomed 17% in one day. The stock continued to show strength with steady increase reaching 360 levels. That is a annualized 70% return. However post demonetization saw a strong correction retracing to 260...
A small H&S formation seen in weekly chart and marked. The MACD signal is ready to enter inside histogram and this can drag down the nifty by next week. So far NS respecting the 20 EMA and tomorrow if it all move up it should not be above 8132, that too as a spike and close below 20 EMA. The probability of a bearish harami pattern tomorrow in daily chart...
A small H&S formation seen in weekly chart and marked. The MACD signal is ready to enter inside histogram and this can drag down the nifty by next week. So far NS respecting the 20 EMA and tomorrow if it all move up it should not be above 8132, that too as a spike and close below 20 EMA. The probability of a bearish harami pattern tomorrow in daily chart...