$/yen is trading choppy recently and there is no clear trend emerging, so i am trying to look at some other factors to see which way it might turn. The first thing is Nikkei Index itself which moved back above the resistance plus MACD turned positive which is positive for $/Yen. Second is the bond yield spread which i think is moving in favor of $. Third is $/Yen...
Eclerx services...want to exit from continues bearish trend.... on daily chart we can see inverse HNS PATTERN + macd divergence + trendline breakout..with good volumes... and macd + adx supportive go long for 1480-1520 cmp 1367...
in hourly chart indigo may breakout 1245 resistance level, MACD is going to make crossover, after brekout and MACD crossover it may touch 1256 level, stoploss 1240 NSE:INDIGO
Symmetric Triangle pattern formation on IndusInd Bank on EOD but MACD is bearish on bullish trend. So, MACD trend is not having strength. Trade Long: Buy above - 1502.50 Target 1 - 1520.50 Target 2 - 1536.50 Stop Loss - 1483.50 Trade Short: Sell below - 1469.50 Target 1 - 1454.50 Target 2 - 1438.50 Stop Loss - 1483.50
Indicators ??? On InsiderB post ?! Oh yes & It's not by mistake, for the purpose of explaining few things to the community. The wide spread view on Indicators be it RSI, Macd, stochastic or any indicator is that they lag & always come behind price action, they fail, can't be used for counter in trending markets, n lot more. But, Does any of the strategy out there...
Sun Pharmaceuticals Ltd has, looking at monthly chart, been witnessing sideways movement in its stock price. The share price has gone more than half making low of 571.90 from its all time high of 1200.80 on NSE. The stock, however, has been moving in the range of 610-730 after making its low of 571.90, making higher lows and lower highs, one of the...
DRREDDY Positive BREAKOUT soon DRREDDY: @ 2583 Range bound trade in couple of Week. Correction OVER . Positive Divergence in RSI, W%R, MACD, CCI, Stoch, Divergence Type Start Date Closing Price Indicator Value End Date Closing Price Indicator Value RSI 2/5/2017 2582.65 35.88 ...
Welspun has been trying to break out from the current level twice now, but this time the volumes are in favour of the textile stock. RSI and MACD also showing momentum. Can it break out? Buy above 85. SL 82.5 As @bearishbull pointed out rightly, there is a hidden bullish divergence in the RSI and MACD levels as well.
Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term. Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line. Path 2 - if nifty failed to break the trend line, leads to...
Dear Readers, A divergence on daily basis has been witnessed in the stock of DHFL, whereby the current price is higher than the previous top, while the current MACD of new top is lesser than previous top, please refer to the chart for the same. It is expected that the resistance line drawn on the MACD indicator would not get crossed as well as the upper resistance...
Dear Reader, The stock of Ajanta Pharma has witnessed a long "Bull Run" since its low of 6.04 made on 9th April,2009, and looks like there still remain space for its bigger "Bull Run" in years to come than what has been witnessed untill date. It will be too early to predict the future price of it as of now. However, I have tried my level best placing possible...
BANK NIFTY: 20495. Above 20536 can go 20680 _ 20712 support: 20423 Below 20423 a bearish sentiment will be dominant. Trading above 20580 will make it 20865 for the week, and for the month, if successfully trading above 20795 can leads to 21890 Trend Line support marked 20423 now must be the Stop loss for long. A bearish weekly closing, traded below the trend...
Just found a bearish cypher pattern in bank nifty index, on daily chart. MACD shows signal line crossing over MACD line, indicating a downtrend and RSI is indicating that the bank stocks are over bought. 0.236 and 0.382 retracement levels will be 19788.54 and 19371.6 respectively.
Last Price@284.55 In 2008- Fresenius SE & Co- A german healthcare bought a 76.2 % stake in Dabur when it was trading between 60-80 zone since then Dabur never looked down & its almost 8 years have passed- & Dabur has kissed highs@320. What Next Dabur's upward pace could slow down in current scenario because momentum indicator-MACD hasn't made a new high where...
Look to go Long @ 592 with stop loss @ 572 for targeting @ 633.45 . This trade setup is based on weekly supports and fading down word momentum in 4 hrs MACD histograms .....trail stops at COST TO COST after MACD line crosses above zero line in 4 hrs time frame.
It is been 4 weeks that the price action is been consolidating in the range of 223-233. I have observed that there is RSI Bearish divergence and MACD Bearish Cossover at this time but the trend is still up.(As you may see Green MACD's below in indicators) and also the price action is above 20 SMA that also signals uptrend. Next Week, best time to take...
Date : 6-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 1,853 Targets: (1) Rs. 2,100 --> (2) Rs. 2,390 --> (3) Rs. 2,860 SL : Rs. 1,630 on daily close basis Technical View: • NSE:COCHINSHIP is going through it's secondary uptrend within primary uptrend. • After touching the high of 2100 on 3-Jun-2024, it has retraced 22% to 1630.55 level. • On...