SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown.
If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies...
Eichermotors : 1) Chart analysis : Stock is forming sort of a triangle pattern and it is very near breakout zone. Keep an constant eye on this stock as breakout is possible any moment if market supports the momentum.
Only enter the stock after the breakout with good volumes.
2) Indicator analysis : As you all can see green moving line , its 50 Simple moving...
All indicator are positive in daily chart Price above Ichimoku cloud, Conversion line, and lagging span also above the cloud. CMP above all moving averages. Daily MACD cut on positive side, Weekly MACD cut finished buy not yet price shoot up. Upcoming weeks may expect the upward side. These parameters may help to reach the targets. In monthly chart, indicators are...
INVERTED HEAD AND SHOULDERS formation in last couple of months, a breakout from resistance of 107 may be seen in the upcoming week.GOOD BUY VOLUMES ALSO SEEN AFTER BUDGET DAY !!
WEEKLY MOVING AVERAGE CROSSING THE MONTHLY MOVING AVERAGE. NSE:NTPC
With the recently upbeat markets, amid hopes of a Brexit deal and the US coronavirus (COVID-19) aid package, EURUSD is up for grabs ahead of Christmas. While the key fundamental events are yet to be announced, no major negatives are likely to erupt, which in turn cuts the US dollar’s safe-haven demand. Technically, the currency major’s ability to stay past the...
Price has met resistance at 193-195 levels with 2 sweet Spinning Tops.
100 Day SMA @ 195.50 is a potential resistance.
Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries.
RSI - Oversold
MACD - Possible curve in coming days
Current price far lower than 10/20/50 days SMA. Generally price trend to close gap with SMAs in certain period. Either SMAs should come down OR price should go up.
I will better watch for price action and enter once I see MACD giving right signal. Company results are scheduled on tomorrow so also...