HINDUJA GLOBAL RSI Breakout
Symmetrical Triangle Breakout
MACD Crossover
Long Consolidation seems to be over so a good move can be expected.
Above a close of 3090, the momentum will pick up.
Search in ideas for "macd"
Shalimar Paints LimitedTriangle breakout with high volume and Bullish MACD crossover in Shalimar Paints Limited
Abb India LimitedBullish MACD crossover with high volume and channel breakout possible in coming days.. wait for the channel breakout
Bharat Dynamics LtdTriangle pattern in Bharat Dynamics Ltd. also today there was Bullish MACD crossover.
Falling Wedge Pattern Breakout in JINDALSTELOn Daily Time Frame, JINDALSTEL showing falling wedge pattern breakout. After this breakout expected this stock will give upside move upto 500+ projected target in short term period. Also, MACD bullish crossover in oversold zone indicating trend reversal of this stock. Can go long in this position with downside stop loss below 370 for target of 445 and 500+.
Bharti Airtel Good short CandidateMultiple bearish harmonic pattern formation on weekly time frame with bearish divergence on rsi and macd indicators,, prz levels of both pattern confluence around same levels,, counter have achieved the maturity levels of patterns,, waiting for reversal bearish candle on 60 mins and 240 mins,, once the confirmation is done,, expecting a fall of 7-10-15% in counter,,,
Good short candidate
NTPC: Mid term view-BullishDaily MACD crossover may happen on upcoming days. Last 6 weeks it traded very flat when viewing weekly chart. So upcoming days it may go higher levels from this level.
Reliance good short candidateReliance multiple harmonic pattern formation with maturity at same levels,,
good reversal can be seen in this counter,,
waiting for 60 mins reversal candle
bearish divergence on rsi and macd
good short candidate
retest of previous life can be seen
NALCO POSITIONAL sell candidateNalco price action suggest reversal possible
fresh buying is missing around current levels
not able to manage the breakout of previous life high levels
rsi and macd divergence,,
good positional short candidate
LARSEN good short candidateCounter is on verge to complete its impulse phase of elliot wave,, on weekly time frame,,
as per time cycle combination,, time of wave1 and wave 5 are equivalent and price wise also some calculative match are seen
bearish divergence on rsi and macd,, on weekly time frame,, suggest the trend is on verge to mature,,
good fall of 10-15% can be seen in counter
good short candidate
Grasim good short candidateGood multiple bearish pattern formation
confirmation with RSI and MACD
good short candidate , can give fall of 50-100 points
EICHERMOT swing tradeAfter forming MACD & Stochastic RSI divergence the stock has moved significantly higher, with a gradual increase in volume. It is now taking support on the previous resistance. A strong closing above 2870 would be a good buy confirmation.
Gold US$ / OZ good conditional long tradeGold US$ spot if manage to close above 1755 go long for 1797-1819-1833
conditional trade to be executed only above 1855 levels,,
spring candle formation on daily time frame,,, symmetrical triangle support above 1755
bullish divergence in RSI and MACD,, good long candidate
Chola finance Good long candidateChola fin inv :-
Multiple harmonic pattern matures around480 levels
Wolf wave formation around same levels
macd positive cross over
Rsi bullish divergence with breakout
Falling trend line breakout
good long candidate
15 to 20 % upmove possible
Weekly BTC-USD(23rd August)Bitcoin continues its uptrend for the 5th consecutive week, the bulls overall dominated the whole crypto ecosystem as the combined market capitalization reached more than $2.2 Trillion. BTC witnessed a volatile last week as it made a low of $43,955 but strong buying pressure pushed the price to $49,821. At the time of writing, BTC has been trading slightly above $50,100.
Currently, BTC has been trading in a crucial range of $50-$51K as it can act psychologically. BTC has now appreciated by more than 70% from its July lows which mildly depicts a cooldown phase or a consolidation phase in the coming days. However, weekly RSI is still not in the overbought zone which suggests that this rally can continue.
On the higher side, BTC has a stiff resistance in the range of $50.5K to $51K, if it decisively breaks this range, the next potential target would be $53K followed by $55.5K. On the lower side, the nearest support is present at $48.5K, followed by $47K.
Weekly MACD is also entering into the positive zone which depicts that buying momentum should continue in the coming weeks, but a daily closing above the level of $50.5K will act as a confirmation to go Long.
Falling Wedge Breakout - Upside PotentialMarico is one of the big names in FMCG sector. Last week ended on a very bullish note for FMCG in general with HUL, Nestle, Brittania all being Nifty Top Performers.
Marico seems to have confirmed a clean breakout above a falling wedge with good volume. RSI, MACD and SCHT Indicators seem Bullish as well.
Stop Loss is kept at the bottom of our last day candle to avoid much downside.
Target and Stop Loss mentioned on the charts as well. If you find it helpful, do drop a like and lemme know what you think about it in the comments below.
Good luck Trading!
