In the last few days, we saw the ETH price retesting the long term support, we saw a bounce followed by a retest, which could be the beginning of a massive W pattern. We are now in a period of consolidation which is crucial. The 20 and 50 EMA are about to touch each other. If we continue going upside, we might avoid that cross. In the weekly time frame, we haven't...
~~Personal views on SBIN~~ Long on SBI bank for short to medium term, if the price breaks the neck line with good volume on closing basis. I have used simple trend lines and rounding bottom analysis on daily time frame along with RSI and MACD indicators. RSI and MACD showing good strength with good volume. Price is well above all moving averages and showing good...
Daily MACD cut, Weekly MACD crossover, Ichimoku cloud top and above conversion line. These parameters may lead to reach the target levels. Vijayaraghavan.K, Kovilpatti.
-MATIC fell -23% from high as Tesla reverts BTC support -Major support comes in at $0.925 -MACD signaling more downside may come MATIC has had an awesome last month as price rose over 300%. MATIC hit an ATH of $1.22 but shortly after fell as the entire market took a hit. MATIC has risen drastically and now may be the time to be concerned of large potential...
-BNB has risen 150% past its low set yesterday -Price has cleared major resistance and needs to hold for ATH -MACD coils in bullish territory BNB experienced a minor correction the last 30 hours of -15% but has revived nearly all the way. Binance Smart Chain (BSC) is continuing to grow and host new projects. This attention has also benefited BNB, which is up...
nifty Look weak from everywhere nifty open Gapdown on friday and closed at day lows and nifty again rejecting him from the resistance of fallen trendline. Option chain data is also showing Huge Call Writing at 14800 followed by 15000 that indicate short term fall in nifty very much Expected. if nifty opens Gapdown any recovery in nifty will be the chance of short...
Price Action in the financial market is a reflection of human nature, and human nature remains more or less constant. 1. MRF has formed a falling wedge. A falling Wedge represents a temporary interruption of a rising trend. 2. Falling Wedge has given breakout with very high volume. 3. Important thing that needs to notice here that where the falling wedge has given...
After the positive news of Pzifer signing an agreement with Aurobindo Pharma for its Covid-19, the stock markets clearly gave a positive reaction. A 2.70% (26points) gain in a sudden 30mins. ATH of 1016 is still intact. Looking at the price action, momentum still looks right and intact. Accumulation happening during the retracement of 0.618. *MACD showing us a...
Monthly TF: Trading nearly at all time high(639) Volumes are high MACD is bullish RSI is having some divergence Previous month candle was a good breakout of nearly 3 year. OVERALL STOCK IS VERY BULLISH. Weekly TF: Nice Cup handle breakout with strong volumes. Trading above all key EMA's (21,50,200) After giving breakout directly crossed 1.618 fib level (586.5),...
Nifty Futures LTP 14384 Support 14213 Resistance 14520 levels & 14660 levels Hourly chart (short to medium term) Divergence Indicator has given a bull signal RSI has bounced back from the 30 mark which is a good sign 3 Green candles may indicate that the strength is returning MACD, though in the bear zone, we can see the red bars fading away 15m charts...
Nifty 50 Daily Charts (Medium to Long Term view) The current trend is sideways but I am unable to decide if the pattern I see is bearish or bullish. So then we move on to other indicators and my favorite is RSI RSI has a reversal and is moving upwards. We have to see if it maintains the upmove and crosses the 50 levels to be sure that Nifty 50 may be ready to...
Daily Charts (Medium to Long Term) RSI is still below 50 Candles are still below the 20 day moving average and the trenline Heikin Ashi is giving us some good signals as yesterday was a confirmation candle which indicates that the correction might just be over Market has been range bound between 14280 levels and 15350 levels since 11th Jan 21 so we cannot have an...
Nifty 50 Daily Charts (Long to Medium Term) RSI is below 50 levels and it clearly gives us a bearish signal. Nifty is taking a turn after breaking 2 trendlines which means that the markets may go either way. I couldn't get proper reading using candlesticks so I shifted to Heikin Ashi. The green candle which means that we may see a bull rally soon has been formed....
ON 12TH MARCH Watch for IDBI. SHORT TERM AND POSITIONAL CALL FOR TARGET 41/42/43.70 STOP LOSS: 35.0 Highlighted in rectangle to Mark Trend Reversal after previous 2 day short covering and ready to move up. 1) MACD -Good 2) RCI - Good 3) Volume - Good Looks positive move from here Other technical aspects 1) Moving Averages: BUY 2) Technical Indicators: STRONG...
Apart from patterns, It may turns bullish side on monthly chart. It is not participated much on market rally. Monthly MACD is positive and also other indicators also showing positive signals. Any time can shoot-up. At first, Daily MACD crossover helps to move upside from the current levels and it may reach the targets on upcoming...
Good morning again ladies and gentlemen and welcome back to my daily look into the world we call Bitcoin. Today I have the 4hr time frame pulled up after retaking some serious support. The question is will it last? The bulls have awoken early today and if the bears sleep in we could see some gains today. But only time will tell if that will be the case. So lets...
As you saw our last target is achieved now you can take a long entry in eth as we see rsi and macd is indicating that eth is going high and volume load is macd is decreasing and a very strong support line is still unbroken so this is the perfect time for long entry our target is resistance line you can go upto70% of that
Short Bank Nifty Below 31000: Target: 30450-30550. Stop Loss: 31050. RSI and MACD suggest shorting possibility. Look at RSI for retracement till 50. Look at MACD for histogram and preferably trade after the red part of the histogram begins till it peaks. Target Won't be activated if Bank Nifty Opens Gap up which is unlikely for now. Long possible above 31500 but...