GBPCHF SHORTPrice Action: Sharp Rejection from the Upper Resistance Line, in a confirmed downtrend.
Indicators:
MACD about to crossover for a bearish Signal.
Stochastic indicating an over brought Position as its above the 70 line.
Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
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It broke the resistance level, More likely to continue the bull.1. There is a continuous upward movement.
2. The previous day closed with a huge bullish candle which shows the volumes.
3. The last day candle broke the resistance level.
4. The stochastic oscillator shows a good sign for momentum.
5. It's good to take a long position after the next day confirm with a bullish candle
CORPBANK -- CORPORATION BANK LONG -- Low Risk High ReturnHello Traders & Investors,
Corporation Bank ( CORPBANK ) is having a strong potential upside. The chart explains all of it.
Firstly, The large volume traded made the prices reach the local maximum of Rs. 29+.
Then we see a flat consolidation phase.
And now finally, there is a new technical breakout.
CMP-25.55
The stock has potential to reach 35 in less than 24 candles, which would be approximately 37% returns from now.
Other than that, there are technical indicators like MACD & Stochastic explaining a good time to enter and enjoy the uptrend.
The rally might slowdown at about 29, reaching the multiple highs, but the potential is to break above the multiple tops.
Over the time it reaches and breaks above 29, we will be sure of the pattern "Head & Shoulders" and thus the Long Position fruitful.
All the best & Enjoy with the rally.
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Nifty Short - Parabolic SAR + Fibonnaci Parabolic SAR closed the gap with price and indicated price reversal. Fibonnoci price projections shows 8657 as short term target. Stochastic also shows oversold trajectory and Arron Up will cross Aroon down indicating short. Ascending triangle pattern breakout at lower side..
Ananlysis for educational purposes only
CADILAHC LONG Already in uptrend above 200EMA
STOCHASTIC GIVES BULLISH SIGNAL
There is a strong ENGULFING CANDLESTICK
Entry - above 349.9
Stop loss - 326.6
NIFTY50 Movement for 13th April 2020Overall Bullish Movement expected,
2 month bearish Channel Break is visible with 9-day exponential moving average cut from below.
RSI and stochastic suggest a bullish movement.
Resistance at 10000 (if bear market, retracement till 8750, 8550 levels)
Due to Hydrocholorquine drug demand by other countries can expect positive movement for pharma stocks.
Purchase of 1% stake at HDFC by China also suggests positive movement for the banks.
That's all from me!
Cheers,
TheBullishPirate.
NAM_INDIAOn the daily chart stock price has formed "Symmetrical triangle " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicates an upside of 379 - 392 invalid close below 366. #Findyourtrade
TATAGLOBAL LongOn the daily chart stock price has formed "CUP & HANDLE " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicates an upside of 355 - 368 invalid close below 329. #Findyourtrade
ISEC LongOn the daily chart stock price has formed "CUP & HANDLE " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicates an upside of 498.90 - 525.35 invalid close below 446. #Findyourtrade
BHARTIARTL LongOn the daily chart stock price has formed "CUP & HANDLE " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicates an upside of 522 - 544 invalid close below 478. #Findyourtrade