Detailed Analysis of Tata Steel Chart
Sector: Steel
Signal: BUY
Logic below:
TECHNICAL VIEW
- The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level.
Volume: 40.165M | Average Volume: 26.832M ...
The FLOW chart has experienced a remarkable surge of over 300% from October 2023 to mid-March 2024, climbing from $0.417 to $1.693. This marked a notable historical surge on the chart.
Despite these significant gains, a three-month period of profit-taking caused the price to decline. In terms of structure, the decline formed a wedge pattern, and the price...
The FLOW Chart shows an impressive surge of greater than 300% from October 2023 to mid-March 2024, where it flew from $0.417 to $1.693. Despite the exemplary gains, due to 3 months profit booking, FLOW deterioration took the price back, from where it showed a historical surge on the chart.
Structure-wise, the plunge has formed a wedge, and this week, the price...
Date: 11th July 2024
Time: 9:40AM
Why KELLTON TECH?
1. Currently Sustained at All-time High Price with Strong Breakout.
2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years.
3. RSI above 60 and Positive Crossover in MACD.
120 to 130 Rs can be better...
Description: Nestle demonstrates a potential trend reversal with a bullish engulfing pattern, supported by the 200 SMA and positive MACD. This confluence of signals suggests a shift towards bullish sentiment. It's essential to remember that this analysis is for educational purposes and not a recommendation to trade. Consult with a financial advisor before making...
📊 Script: POLYPLEX
📊 Sector: Packaging
📊 Industry: Packaging
Key highlights: 💡⚡
📈 Script is giving breakout of Double Bottom Neckline on daily chart.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 72.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 995
🟢 Target 🎯🏆 -...
📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is giving Golden Crossover on daily chart we may see good rally.
📈 Script is trading at upper band of BB.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 81.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 579
🟢 Target 🎯🏆 - 657
⚠️ Important:...
💎 Paradisers, #VELOUSDT has bounced from the Higher Time Frame (HTF) demand level, accompanied by a Fair Value Gap (FVG) candle and also shown Change of Character (CHoCH) towards a bullish market structure, increasing the likelihood of a bullish move.
💎 #VELO has also broken out of the falling wedge and shown bullish divergence on the MACD. If the price directly...
As per trading set up, the following is noticed :-
1. Positive crossover likely to take place in MACD.
2. RSI changed its downtrend to uptrend.
3. Two weekly green candle signs of bullishness.
So, 5000 CE option of Jun series will be a good bet which is available at Rs 140, LTIM can try to cross 5500 in Jun series and in this case the value of 5000 ce option...
Pattern : Symmetrical Continuation Triangle (Bullish)
The recent price action indicates a breakout from a consolidation phase, signaling a potential extension of the previous uptrend.
A Symmetrical Continuation Triangle (Bullish) is characterized by two trendlines converging as the price forms lower highs and higher lows. During this formation, trading volume...
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