HDFC bank Bullish Harmonic Pattern__Bullish Hello,
HDFC bank RSI oversold with bullish harmonic pattern making trendline support is there overall reversal possible
Search in ideas for "oscillator"
Angel one Retrace & At EMA 200 supportHello Everyone,
Angel one retraced more than 50% from previous high now RSI oversold and EMA 200 support buy on dips fro swing as well as positional opportunity. todays candle dozi or pin bar set up possible. #angelonestock
#Angeloneshare
#Angelstockoutlook
Long XAU 06.01.2025Bullish Divergence
Liquidity swept
React at the reaction zone
Reversion confirmed
Bank Nifty Cmp 51135 Reverse from SupportBank Nifty Cmp 51135 dated 22-11-2024
Weekly Chart (Positional)
1. Reverse from Support
2. RSI Reversal
Buy @ cmp SL 50300 target 51500-51800-52000
52300-52500-53000-53500
It is just a view, please trade at your own risk.
Aurobindo Pharma Cmp 1263 Reversed from SupportAurobindo Pharma Cmp 1263 dated 29-11-2024
1. Reversed from Support
2. Cup Pattern In RSI
Buy @ Cmp or safe traders buy above 1275 SL 1210
target 1280-1300-1315-1330-1340-1360
It is just a view, please trade at your own risk
HFCL CMP 132 Trendline BOHFCL CMP 132 dated 6-12-2024
1. Trendline BO @ 136.50
Buy above 136.50 risky traders @ cmp SL 125
target 138-140-142-145-148-150-152-155
It is just a view, please trade at your own risk.
PSU Banks still a better betNifty PSU Bank CMP -6598
Fibs- the Index took support at 61.8% fib retracement from a higher zone. This is an indication of bull trend being intact.
Trendline - it is also at its trendline support. which is +ve
RSI- the oscillator is above its bull zone and that is again a positive sign.
Conclusion - hence to me the PSU banking space is a better bet.
Sensex // Levels As of January 2, 2025, the S&P BSE Sensex Index is trading at 79,204.16 INR, reflecting a 0.47% increase over the past 24 hours.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: 78,018
S2: 77,529
S3: 77,160
Resistance Levels:
R1: 78,877
R2: 79,246
R3: 79,735
These levels suggest that if the Sensex declines below the immediate support at 78,018, it may find the next support at 77,529. Conversely, if it rises above the immediate resistance at 78,877, it could encounter the next resistance at 79,246.
Additionally, the Relative Strength Index (RSI) is at 66.391, indicating a buy signal, while the Stochastic Oscillator is at 99.408, suggesting overbought conditions.
Sensex Support & Resistance As of December 28, 2024, the S&P BSE Sensex closed at 78,723.97, marking an increase of 251.49 points (0.32%) from the previous close.
INVESTING
For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis:
Resistance Levels:
R1: 78,851.64
R2: 78,919.22
R3: 78,969.83
Support Levels:
S1: 78,733.45
S2: 78,682.84
S3: 78,615.26
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 49.395 (Neutral)
Stochastic Oscillator (STOCH): 99.69 (Overbought)
Moving Averages:
MA5: 78,798.58 (Simple), 78,765.87 (Exponential)
MA10: 78,720.44 (Simple), 78,742.36 (Exponential)
MA20: 78,665.66 (Simple), 78,709.36 (Exponential)
MA50: 79,003.86 (Simple), 79,157.16 (Exponential)
These indicators suggest a neutral to slightly bullish trend in the short term.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
Network 18 - in a correction modecurrently in the weekly tf network 18 holds strong support at 62 to 60 levels.
price may fall further till these levels if this correction continues.
A sharp rally likely Shri ram Finance CMP 2882
Elliott- thats a corrective rally of which the c leg should start from here. It is likely to go to 3385 and then back to highs.
Fib- the stock has taken the fib support at 2760.
RSI - At this support the oscillator is in the bull zone.
All pointing that a rally is on cards
A corrective rallyRain CMP 168.66
Elliott- the rally from the lows is a zig zag corrective pattern of which B is complete. From here the C leg should start that can go to 350.
MA- the conjunction of the three MA's is telling me a strong move is on the horizon.
Fibs- The change in trend is visible here. First correction should halt around the 167 zone.
RSI- with the current rally the oscillator has also changed its oscillation from the bear range to bull range.
Conclusion - In the next day or two one would get more clues of the change. The break of the trendline will definitely be one.
SELL XAUUSD 23.12Bearish Divergence and liquidity swept.
Price also broke the parallel channel of the bullish trend.
Sell XAU
TP 2622
JINDALSTEL Making in flag dailyJindal Steel making good set up for swing and positional making in FLAG pattern in daily cart taking good support from EMA200 and RSI oversold.
A rally to exitSAIL CMP 120.65
Fib - the stock has halted at Fib and trendline support. In my view the 131 zone is the minimum retracement above that it will go to 144 and that will be the best exit.
RSI - the oscillator reversing from the bull zone is confirming a sharp rally.
Reliance - In weekly TF is in buy mode, but expecting a dipIn weekly timeframe, the oscillator is in buy, but I am expecting a dip or it will stay around1200-1250 levels and then we will move higher with a minimum of 50% of the entire fall around 1400 levels.
HDFC Bank Cup & handle Breakout RetestHdfc bank retesting from its breakout of cup and handle chart pattern and also taking ema 200 as support and rsi oversold with trading upward channel hdfc bank is good for swing as per this set up
NIFTy Hourly Retrace 61% swing Set upHello everyone,
Nifty falling 3rd consecutive day from 24660 to 23880 reatrace 61% fibbonacci and RSI also overold for hourly chart sustaining above 24000 give more power to buyers,
fed cut the rates by 0.25basis but commented no changes in coming year leads to fall of global markets,
expecting upside swing momentum till 24500,24700,25000. below 23800 go more panic for 23500,23300,23000
The correction still not doneBNF CMP 52600
Gap support- the stock is holding above the gap support at 52580 on the daily charts.
RSI- on the weekly and daily charts the oscillator was in the bear zone while the stock nearly went all the way up to the highs.
Pattern - with all the other indicators I can also see the H&S pattern.
Conclusion - in my view the gap support will be broken and the Index will continue to fall.
RSI TECHNICAL TRADING The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.
The most commonly used RSI thresholds are 30 and 70. An RSI above 70 suggests a stock might be overbought, indicating a potential sell signal. Conversely, an RSI below 30 implies a stock might be oversold, presenting a possible buying opportunity
