ICICI Prudential Futures
Buy idea
LTP: 479.45
Support: 460.75
Resistance: 538.55 (539can be considered as a breakout level too)
Daily charts (long term)
The charts a bearish, head and shoulder pattern from 2nd Dec to 12th March. The pattern was followed by a breakdown to 433 levels after which there has been a recovery since 22nd March and finally the pattern...
Nifty 50
LTP 14359.45
Support @ 14250
Resistance @ 14650
Weekly charts (long term)
The candles have take support at 20 DEMA which is a good news. Regardless of the poor opening today, we have a green candle after 2 weeks.
MACD is the the bull zone but does show a reversal. We will consider this as neutral.
RSI is moving downwards but is again above the 50 mark....
India Cements (NSE Cash)
CMP - 168.60
Support - 165 & 158 levels (always consider 10% +/-)
Resistance - 180 & 186 levels
Weekly Charts (Long Term)
20, 50 & 100 DEMA is perfectly aligned
Candles have been taking support at 20 DEMA since 4 weeks now. This means that the 20 DEMA level will not be broken easily.
Clear Uptrend
MACD is in the bullish zone but there is...
Nifty Futures
Weekly (Long Term)
DEMA (20, 50, 100) Aligned to perfection.
Candle took support at 20 DEMA and bounced back which shows strength.
Volume shows selling which indicates that we may see short covering soon.
MACD did give us profit booking signals but is still in the bullish zone.
RSI has a recent downtrend but it isn't sharp and scary. We might see a...
TRON / USD Short-term price analysis
TRON has a neutral short-term trading bias, with the cryptocurrency rallying back towards its 200-period moving average on the four-hour time frame.
The four-time frame continues to show a large head and shoulders pattern, with TRX / USD buyers still unable to invalidate the bearish pattern.
Technical indicators on the...
Augur / USD Short-term price analysis
Augur has a bearish short-term outlook, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows an inverted head and shoulders pattern, with REP / USD buyers repeatedly failing to move price above the neckline of the bullish pattern.
Technical...
Horizen / Bitcoin Short-term price analysis
ZEN has a bullish short-term trading bias against BTC, with the ZEN / BTC pair trading well above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that the ZEN / BTC pair is gaining bullish trading momentum and attempting to correct back towards the April monthly trading...
TRON / USD Short-term price analysis
TRX has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows the presence of a head and shoulders pattern with the TRX / USD pair edging towards the neckline of the bearish pattern.
Technical indicators on the...
LTC / USD Short-term price analysis
Litecoin retains its bearish short-term trading bias, with the LTC / USD pair still trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that the LTC / USD pair is correcting back towards trendline resistance after finding strong technical support from the $65.00...
IOTA / USD Short-term price analysis
In the short-term, IOTA has a bearish trading bias with the cryptocurrency trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing a large head and shoulders pattern, with the IOTA / USD pair recently staging a strong recovery from the neckline of the bearish...
LTC / USD Short-term price analysis
LTC has a bearish short-term trading bias, with the LTC / USD pair now creating bearish lower lows and trading beneath its 200-period moving average on the four-hour time frame.
The bearish double-top pattern formation on the four-hour time frame continues to weigh on short-term trading sentiment with the LTC / USD pair so far...
ETH / USD Short-term price analysis
Ethereum has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a bearish head and shoulders pattern has taken shape, with the ETH / USD pair now testing towards the neckline of the pattern.
Technical...
BTC / USD Short-term price analysis
Bitcoin retains its bullish short-term trading bias, with the BTC / USD pair still trading above its 200-period moving average on the four-hour time frame despite the recent decline.
The four-hour time frame is showing that a strong technical correction is underway, with the April 12th swing-low the key area to watch if the...
XRP / USD Short-term price analysis
Ripple has a bearish short-term trading bias, with the XRP / USD pair tumbling below its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing a large head and shoulders pattern, with XRP / USD sellers now testing towards the neckline of the bearish pattern.
Technical indicators across the...
ICX / USD Short-term price analysis
ICON has a bullish outlook over the short-term, with the ICX / USD pair attempting to move back towards its current 2019 trading high.
The four-hour time frame shows that a head and shoulders pattern has started to take shape, with bulls now trying to invalidate the bearish pattern.
Technical indicators on the four-hour time...
Nifty moving like a ping pong ball up and down for the last 3 weeks within the range of 10700-950. Why ?
In Weekly chart the MACD signals released from the histograms below 0, so the fall is restricted. As both histogram
and signals were below 0 the uptrend is restricted. Now with 18 Jan. weekly close the following are visible in chart.
MAs - Price able...
HCL TECHNOLOGIES, has good fundamentals which was given by screener
www.screener.in
following support and resistance
at present at resistance on weekly chart, with MACD line interacting with MACD signal line
on daily chart MACD line is above MACD signal line
Scrip, if still follows the downtrend could be taken for short opportunity as mentioned in chart
Reason for still bearish trend to pursue - SMA - 200 SMA is still above 15 SMA and price range has gone below 15SMA so for now, there is weakness in the scrip. MACDMACD - MACD bars are moving down which still signify that momentum is down. MACD had large...
