1) Flag breakout; retesting the trendline
2) Delivery Volumes on recent 10% falls were low
3) Yesterday it bounced back from trend line with large volume
4) Recent results were good
Negative - RSI on daily still in oversold and shows a range shift 2) Share pledge
Maple Tree Log Tr breaking Resistance level of 1.30.
Stock made low around 1.18 and shift upwards after forming Doji around this level.
Stock is rising in uptrend with strong momentum.
Momentum indicator like RSI also rising current value pointing to 65.0 level.
Stock can rise till 1.35-1.38 with support comes around 1.23-1.24
Brent oil prices are down by more than 13.00% from October high’s and lost all the key MAs.
Selling pressure remains very strong; a descending channel is still evident in the daily chart. However, turning to the daily indicator, RSI study reached an oversold level; currently sits at 30.0 and the oscillator is trying to form a base sooner.
Technically speaking,...
Tata Motors
CMP 170.65
Last year in Sept 2017 when the stock was around 415 levels, we had highlighted that charts were indicating difficult times ahead for Tata Motors
And
- at current levels and on further dips the stock looks good from long term perspective (and I mean really long.... Can be looked for objectives like retirement planning, child...
Nifty is resting at support of 10820-50.
Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff.
These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options...
19:25 Hrs 17th Sep 2018
Last Price@1205.5
Important Resistance Zone - 1205 -1210 $
Since 2016 lows at 1045$, it has been moving in choppy fashion sideways and we are looking for higher moves next on long term basis – target zone of 1350-1375 which could be plausible within time period of 7-9 months ahead.
Short Term Strategy-
07:45 Hrs 17th Sep...
GBP spikes again on the latest positive Brexit headlines. EUR’s chief negotiator Barnier said agreement possible early November.
UK macroeconomic news support GBP. The GDP MoM growth rate was 0.3% in May 2018, 0.1% in June and 0.3% in July.
Today’s UK employment data is likely to provide a larger clue for EURGBP.
The cross EURGBP has hit a fresh 2018 high in end...
We continue to foresee broad GBPUSD range-trading, with some upside risk if price through the descending wedge pattern.
Ahead of the BOE event, we likely to trade between 1.3145-1.3050 with a neutral RSI study. The next physiological support finds at 1.3000; breaking below there, exposes the downside risk to mid-July low 1.2950. It’s worth considering the...
Index is forming the Bearish Bat pattern and last 2 bars has formed bearish Harami pattern suggesting a potential shift from prevailing bullish trend. One can attempt a short trade here if it trades below 26650 on Monday by providing suitable SL. One can also develop suitable option strategies as the options of every strike are available and active.
Disclaimer :...
Chart shows down converging channel. It can go further downside at its imediate support of 348. Then a consolidation can taken place,and rally can be possible from that level.If it breaches the level of 348 then the support can shift to 325.
TCIEXP has formed ascending triangle pattern on daily chart. Volume is low as consolidation is nearing its completion which is typical sign of ascending triangle formation. It needs to breakout above 605-610 with volume on closing basis for fresh upward journey. Pattern failure below support trendline which will shift higher day by day.
Orbit Exports is forming an irregular rounding bottom. High spike at the end of Jan shows big players has entered. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish . When buyers enter the...
Alert! Nifty_50 ready to fly
Publish_Date:26-Nov-17 01:30 PM
Bears be ready and wear your life jackets
Indices downside seems capped from here
This upcoming December derivative Bull run seems keeping its Foundation Stone
Bulls has strong chance to take the grip
NIFTY17DECFUT should begin with bullish bias
Time to be in buy mode ...
