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CoalIndia- divergences in Price action and MACD lines.Divergences are caused when the price action deflects in different direction than the direction it should be moving in. Monthly charts are the best and one of the most reliable chart system to know the direction of the herd psychology. monthly charts shows that the price action is bearish while the MACD lines are saying the complete different story. Divergence doesn't allows means that there is going to be a reversal but there are other factors to that we have to consider while trading in any script. MA's (11 and 22) distance has already narrowed and about to cross which is going to confirm the big move before the sentiments changes for this script. You need to wait and have this script under your observation so you don't miss out on big move because this script has been in the bearish traps from past two years. More details will be updated.
NSE:COALINDIALong
by psumita108
IOLCP: Short& Mid term view BullishRef chart. MACD crossover may happen on upcoming days in daily chart. This will trigger to price shoot-up. In daily chart Indicators are turning bullish from bearish . In monthly chart indicators are continuing the bullish momentum last few months. From this level it may move the further upside. Targets are given by using patterns. ****Note: If you noticed my earlier views, most of the views given before breakouts by using indicators. Risk takers no issues but Safe traders can take the trade after breakout. Vijayaraghavn.K Kovilpatti.
NSE:IOLCPLong
by Vijayaraghavan
NTPC Long - Anticipating MACD + UptrendAnother long trade based purely on the trend and the anticipation of a MACD cross. I do not use stop losses but you can set one for yourself based on the information on the chart. Most of the long trades are likely to be correlated to the broader markets, so any change in the index is likely to influence the price action. We seem to be in an extended bull market, but it can only go on for so long. Regardless, my previous trades on similar technical analysis seem to work out, so here is another one. I am not an expert or a financial analyst of any kind, so do your own due diligence.
NSE:NTPCLong
by AbhijitGaba