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 : 12-Jun-2024
Rating : Buy - Positional Trade - Buy above 524
LTP : Rs. 516.45
Targets: (1) Rs. 567 --> (2) Rs. 607 --> (3) Rs. 731
SL : Rs. 482 on daily close basis
Technical View:
• NSE:RECLTD is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 607.80 on 3-Jun-2024, it has retraced 33% to...
Date : 12-Jun-2024
Rating : Buy - Positional Trade
LTP : Rs. 492.05
Targets: (1) Rs. 559 --> (2) Rs. 660
SL : Rs. 442 on daily close basis
Technical View:
• NSE:PFC is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 559 on 3-Jun-2024, it has retraced 29% to 395.20 level.
• On 12-Jun-2024, ...
The Not Crypto has given a breakout from a bullish pattern on the daily chart, known as a falling wedge. It has attained a bullish momentum in the last 3-days, which illustrates that buyers are trying their best to take over the price and are aiming to capture lost territories back from the sellers.
In the past structure, mainly from the swing high peak of...
Volume Delta changing , Impulse MACD flatning , RSI indicating strength , Super Trend Strategy Already showing +251 . Hence it can be concluded there will be a breakout supported by dividend . Then positive quarter in terms of revenue and sales will lead the Gland prices to Higher High .
DYOR
"JSW Energy Nearing Breakout: RSI Rising (58.36) and Positive MACD - Await Breakout Candle with Volume"
Plan of action -
Buy above 660 ( proper closing )
Target 740-800
Sl 630
Wait for the volumes to come with a big fatgreen breakout candle.
Hi,
NSE:ENGINERSIN has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
WTI Crude Oil remains pressured after reversing from an 11-week high the previous day, especially when the US Dollar posts a corrective bounce ahead of this week’s top-tier data/events. The black gold’s retreat also highlights the importance of the support-turned-resistance line stretched from mid-December 2023 and a downward-sloping trend line from late September...
Hi,
NSE:VINDHYATEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
Hi,
NSE:SANDUMA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
Hi,
NSE:INDHOTEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
Hi,
NSE:SUPRAJIT has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
Hi,
NSE:WSTCSTPAPR has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
