HDIL (NSE) for some time is trending in a rectangle and currently at a very strong support zone. It seems to be bouncing off it. It a good opportunity to go long. I am waiting for 1 day candle to close above 52. RSI shows a reversal however MACD is yet to cross over.
Three things to keep a note of-
1 day candle closes above 52.
MACD crossing over
RSI showing...
WELCORP
1) ON DAY CHART RSI IS 68, RETEST OF BREAKOUT WILL OCCUR, RSI COME DOWN, MACD LINE MAY COME CLOSE TO MACD SIGNAL LINE, THEN PRICE COME TO BUY ZONE
2) FROM HERE IF PRICE MOVES UP IT CONFIRMS THE UPTREND
3) TAKE SMALL LOSS IF IT GOES AGAINST THE TRADE PLAN
as we can see after checking price movements and checking the MACD & RSI & specially MACD STRATEGY , we can find out the price will continue going up! 3 target point can be the goal. and each one is possible after breaking up the last one and confirm staying top of that, good luck
BTC bull run has been a wonder of sorts in 2017. No trader in their history of trading would have seen anything similar to this. No technical analysis can be applied to BTC movement, but despite that I'd do this TA.
The ticker is known to trade in a parallel channel. It's been in this channel since a long time and it's currently at fib level 1. It'll most likely...
This is going to be a risky short term trade. I see a flag formation in the 1 hr chart.
MACD is about to get into a +ve divergence.
The pole length is ~77 points.
In the 4hr chart MACD is still in a bullish divergence.
RSI is over bought, but my guess is it still has some room for buyers.
That said, I'd recommend to enter ~336
Target ~418
Stop Loss ~320
As...
Good positional traders always look to trade the range.....
Now there are two different chart patterns on different time frames
1)WEEKLY
Chart shows the stock is in almost a flag formation with a pennant shape
I rule it as a pennant price is reaching its upper end and the stock has gained momentum shown by "MACD"
It is important that in the expiry week the...
Weekly MACD cut and daily MACD Crossover will helps to break the triangle. In mid term view it may reach the new higher levels.
CMP: 3557
Targets are
3780, 3807, 3920, 3994
4084, 4110, 4206, 4243
4286, 4365,, 4392, 4619
Stoploss: 3376
Vijayaraghavan,
Inditrade,Kovilpatti
All indicators are positive, in weekly chart MACD crossover and in daily chart MACD cut, these indicators will help to move up further.
Target:
1143-1156
Further targets will update later
Stoploss: 1003
RSI positive,Stoch move from over sold region & MACD cut in weekly chart. Macd line crossover in daily chart also helps to breakout the triangle and chance to go up to 20.29
Targets from trend lines (not shown in graph)
16.24
16.96 (Immediate)
17.50 (if closing above,targets are below)
18.05
18.5-18.8
19.14
19.57
20.29
Stoploss: 15.20 on closing...
Scrip has been trading in a channel or consolidation phase since 90 days and some positive signs can be seen for scrip to breakout after double bottom reversal hence, planning to enter after confirmation
Bullish momentum sign
1) MACD - MACD is above zero with bullish crossover, which signals upward momentum
2) %william - Consolidation between "overbought"...
Scrip has started to take bullish reversal. Yet would require more confirmation to enter at price range as defined, if the scrip doesn't consolidate within certain price range
Bullish momentum sign
1) MACD - MACD is above zero, the short-term average is above the long-term average, which signals upward momentum
2) %william - Consolidation between...
Balasore Monthly candles above 70 looks good (# outside down pattern beginning). Also wait till RSI gets above 70 Levels & MACD makes new high, One can add Faster MACD of 5.8.3 for new highs or at least 3 yr highs before the entry. BUY Only above 70 with stop of 50.
Nifty daily charts- Double top. Bearish MACD divergence. Bearish RSI divergences. DI-crossover. Breaking sub 20 DEMA.
On weekly time-frame too, the MACD histogram has been negative for several weeks now. Even ADX indicatior has topped out and is declining,indicating a weakening of trend.
I believe selling the rallies will be more rewarding in times to come than...
