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...
HDFC the financial major is in correction showing weakness in indicators, the MACD is having a negative divergence, the price is below the PF median line (subjective analysis but) which respect many supports and resistance shows its validity. Agreed? My target for HDFC is 990 is a 38.2 retracement of all the Bull Run and I believe that it is completed a cycle...
Metal stocks have shown long term weakness with respect to BSE500, with support at 6000 levels. Another interesting point to note is that the index has short upward cycles but downward trends tend to drag out for 2 to 3 times the timelines of the upward trends, notable exception being the trend between 2005 and 2008. Both the MACD and the relative strength...
Dear Readers, I had been observing the stock of RCom for the last many months. Its rise from its recent low of 34.30 to the hight of 38.05, givining due consideration to the internal wave counts, looks to be impulsive in nature. Secondly, the MACD Oscillator has given sign of divergence in the current movement of the stock. The stock of RCom seems to have...
AAPL has shown strength despite lots of negative news. Compared to the S&P 500 the stock has under performed past couple of years and only recently showed some strength. There is 20-50 EMA cross over with price well above the 200 day EMA (pink), bullish candlestick pattern. A/D is trending upwards and MACD is in positive territory. I would take a short term bet...
In the last 24 months HDFC bank has consistently outperformed the NIFTY and in the last 18 months it's given better results that the BSE:BANK. In the short term the stock has shown side wards movement between 1150 and 1320 levels. Currently the price is in the whereabouts of 1200. The scrip has posted good quarterly results and CAGR on sales and profits YoY are...
Long term trends: Evolution Petroleum Corp is showing a upward trend. In the past few months this scrip has moved 80%. The good news in the crude prices has kept the momentum going for this scrip. Currently it is priced at $9.20. The blue area shows the price movement of EPM and as seen this movement compares positively with IXE Index. This is confirmed by good...
Dear Readers, It has been noted that the BankNifty has taken support around level of 18180 - 18190 many times. Today, as shown in the chart, we can see that BankNifty not only has breached out of the "Triangle" formation but also has breached and sustained below its support around 18180 - 18190 level since 25th November, 2016 for longer period on 15 minutes time...
Technical Bullish: EMA 5/20 Cross over and EMA 50 lying below the price. Stochatic on bullish upside. MACD bullish crossover and above the '0'. RSI above 50. Trade: (Spot Price) Buy above - 8230 Target 1 - 8245 Target 2 - 8270 (Safe Traders cover 100% & Risk traders cover 75% at this level) Target 3 - 8290 (Risk Traders only)...
Hindalco is unable to cross this area in weekly chart and showing divergence in MACD and RSI. The same thing is observed in daily also. I think it is a short. Pls let me know your views.
Crude oil markets have been responding positively to the cut by OPEC and this has effected the sentiment of crude heavy stocks like XOM. In Sept of this year a double bottom formation was seen as confirmed by MACD indicator followed by a sharp increase in prices. The 50 day EMA shows signs of slight uptrend. I would expect a correction in the price down to the 48...