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hidden bearish divergence This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend.
Going straight back to the all time high without looking back would be very surprising.
Titan Bearish Divergence on 4h ChartTitan Chart shows Bearish Divergence on RSI, Stoch RSI and Momentum too.
A pull Back is possible but overall Stock looks bullish for longer term.
Bearish Divergence + Price approaching Resistance may bring the Price Down.
If setup fails and breaks 910, Wait and buy the retest of 900 areas in next couple of days.
Bank Nifty mildly bearishIt seems profit booking may drag NIFTY B to 27500 in 3-4 sessions. Three indicators are confirming these:
1. Renko Daily chart (Brick size = 38)
2. RSI (14) hitting the upper threshold.
3. Aroon Down (Red) crossing Aroon Up (Green).
Once can take a position to gain 600-650 bank nifty points.
DALMIABHA for Swing TradingDALMIABHA can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar after pin bar.
MACD also confirms an up trend and facing up and also above zero line.
Risk Reward 1:2.
TATA GLOBAL - Long PositionRetraced to almost 61.8% of the rise from 16th May to 15th June
- Targets= 278/284/289/295/303 (futures prices July contract)
- SL below 252 closing basis (futures prices July contract)
Buy EXCEL INDUSTRIESThe script has closed at 1475.40 and it shows potential of going further up.
20 Day EMA is above 50 Day EMA and is facing up.
RSI is above 50 level and facing up.
MACD has given positive crossover above zero which again is positive sign.
If you do further analysis, 10 week EMA is above 30 week EMA and facing up.
You should Buy @ CMP (1476) For the target of 1498. Next target expected around 1520 level.
Ideal stoploss would be 1445 level.
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Buy NIFTY for monthly positionGo for long on NSE:NIFTY F/O for this month. Supertrend, a reliable indicator has given a buy signal for today accompanied by MACD Bullish signal.
Buy NIFTY today aiming for a medium term target (Till April Expiry) of 10625(T1) & 11170 (T2).
A Stoploss of 10100 is highly recommended!
Short NCC as per Stochastic Divergence signal!NSE:NCC should continue with bearish phase next week. Bearish Stochastic divergence along with MACD bearish crossover are strong signals to take a short position on Monday. Sell at opening price (may open on higher side) or wait for price of 124-126 for better sale price entry. Target is of 116.5(T1) and 101.5(T2).