Nifty Daily Chart, Renko Chart & MACD - September Monthly ExpiryNifty looks Dicey. Buy above 18000 and Sell below 17400.
The next resistance is at 18275 and support is at 16614.
Nifty is at its important resistance level 17717.
In the last trading sessions the nifty had rejected from these levels continuously.
Macd is in a bearish cross.
Renko chart painted a red brick leading with a light green brick.
For educational purposes only.
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SPARC - MACD CROSSOVER 📊 Script: SPARC (SUN PHARMA ADVANCED RESEARCH COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals & Biotechnology
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving Breakout.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 Right now RSI is around 73.
⏱️ C.M.P 📑💰- 241
🟢 Target 🎯🏆 - 280
⚠️ Stoploss ☠️🚫 - 226
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
6161 MacD short possibilityReason for short
a) 15 min mace Short signal for short
b) inverted cup and handle short
There are several short in tomorrow first one hours, if there is no gap down.
a) Union bank macd short - below zero line
b)Trent mac short , but above zero line
c)oberoirlty long first 30 min
d)Macdowell short below zero line first 30 min only
e) Apollotyres short below zero line...
Sl of 0.35 to 0.5% for first 1 hour only.
Long term view on Nifty- MACD crossover may drag Nifty downPrice action suggests lower high and lower lows being formed.
Nifty trading in downward channel
MACD crossover on monthly chart may drag Nifty down in 1-2 years time frame
I am not a SEBI registered analyst. This video is purely for educational purpose.
Do consult your investment consultant before taking any trade.
Nifty Weekly outlook Bearish on RSI & MACD3. Fibonacci wth (Left Fibonacci)
Level 0: 16410.2, Low of 20th December’21, which also happens to be seasonal Low as per 120 days cycle.
Level 1: 18604.45, All Time High ( ATH ) formed on 19th October’21.
If we look at the 50% retracement level, it comes to around 17507.25 (marked with Green line), while Thursday’s low was 17511, which forms as a support level above this level. The closing also has been also above this level which seems positive.
Today market should open positive and stay above this level.
Weekly trend on RSI & MACD is Bearish.
IPCALAB - Bullish MACD crossover near Fib retracement levelIPCALAB near fib retracement and long term resistance level with bullish MACD crossover. If the stock closes above 2455 with good volume, then long entry can be taken for the targets,
1. 2560
2. 2650
3. 2780
4. 2880+
with stop loss near 2250.
Note: Not a recommendation, just my analysis for learning purpose.
BULLISH PRICE RSI + MACD DIVERGENCE ON BABAAfter weeks of bashing, this stock seems to be finally moving towards its bottom. There are various indicators that points that BABA has bottomed out.
1. RSI - PRICE DIVERGENCE on Daily chart. Both RSI & MACD have improved while the price has been on a Downward trajectory.
2. PUT CALL Ratio changing its complexion from completely bearish to less bearish on Monthly options.
3. The stock is sitting at 61% Fib retracement.
4. Inverted hammer on weekly candle (though this is a red candle but still it can be looked as a reversal candle if next candle breaks the high of previous week)
5. 30 & 60 Min RSIs bouncing off from low 20s again and again.
6. Too many CPR gaps to be filled in the range of 155 - 167
If this gap up in next trading session. Just go long blindly.