Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it break the Flag upper trendline line then My Markets are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is...
NSE:EXIDEIND
Exide industries is in Multiple-time frame Bullish trend and is breaking out of a flag after consolidation. MACD divergence indicates bears losing power. One can expect sudden and swift movements from this script.
Profit target: 220
Stoploss: 184
Warning: 26th October is Result date for Exide. Trade with caution and stoploss.
Oh my god! TCS has given major bullish signals in MACD and RSI. Please see the Arrows you will get what I am Talking about and TCS is in value Zone. One can buy Nov Futures and stay long for a target of 2450-2500-2520 with a stoploss of 2354 on closing basis. One can accumulate 2450 Nov calls all trading @ cheap rate.. Best of luck
in.tradingview.com
Yes bank on tip of the triangle. Stoch and AO indicating on downside. MACD is not yet bearish cross over but it is still staying below 0 so consider as downtrend. Only the price action may decide the direction on Monday 17/10/2016.
Previously on daily chart, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley pattern has been observed which indicates selling pressure at 630 levels, where Bearish Pin-bar pattern is also observed. There is also a MACD crossover that to be noticed too. The above said factors...
It is been observed that the price action is forming a bullish Gartley pattern on daily chart that suggest a short pull back from the current levels. I believe it shall go up to 8680 levels before it continues its down fall.
Key Points:
Strong Support levels at 8568-8521
Bullish Gartley Pattern formed
MACD AND RSI Oversold
Therefore, one can take a long...
It is been observed that the price action is trending in a channel for a while and now it is currently ranging near the upper trendline of the channel or resistance levels where a pull back to other trendline or support can possibily be seen before a breakout on either side of the channel.
Other Indicators signalling Bearishness:
1. Macd Crossover
2. RSI...
On daily chart The price action moving in a downtrend.The price action will break below the support of channel then GO SHORT and more over RSI,MACD indicators lines are come down so chance less to back to go up.
Daily Chart
Reversion to 20 EMA (6th time). Strong short term and medium term trend
Previous resistance at 254
MACD has remained overbought during the up trend
Next Earnings on 10-Nov-2016
Weekly Chart
20 EMA crossed above 200 EMA
Previous resistance between 250-254.
Analysed this stock on 2 Sept when it was closed @ 952.
Tried buying next trading day but bad luck it was in ban period.
Volumes, MACD, OBV & ADX positive.
Target 1 - 1183.80/
Nifty -0.28% is now in overbought zone -- The immediate target on upside is 8990 which Nifty -0.28% might touch by tomorrow.
Other major markets are not moving up i.e. a small correction is on the way !!
MACD & RSI - are overbought
On Wave count : wave 3 of Wave 3 of wave 5 is about to end !! Expect Nifty -0.28% to once again touch 8720 approx !! And then the...
SBI is about to complete a 5 wave bullinsh cycle in an ED. One can look for shorting options as already it has made the high of around 270/- in the wave 3 of ED which corresponds to the 100% projection of wave 1 in the bigger cycle. Can the correction be a zig zizg ? Let's wait and watch. Also MACD has already started showing the bearish divergence.
