This chart uses double confirmation for long indicator to avoid whipsaws and false alarms.It uses the RB indibator along with Supertrend 10,3
Renko is often used prior to some big events especially election outcome. Renko bars + Supertrend + RSI is telling to take a short position on NSE:NIFTY . Will NDA may fall short of the majority? Renko reveals something!
Weekly Supertrend in the Green = Bullish Daily William%R bouncing from oversold levels = Pullback done Bouncing back from near 50% fibonacci levels = Bullish Support taken at an old support and resistance area = Demand zone More than 7 times the average volume = Bullish Buy with a stop loss at Rs.59.50 for a target of Rs.70 and above
Weekly Supertrend in the green = bullish Daily William%R coming back from oversold range = bullish Stock bouncing back from 50% retracement level = bullish ADX above 30 = momentum Buy with a stop at 541 for the target of 640 and above
Weekly Supertrend in the green = bullish Daily William%R coming back from oversold range = bullish Stock bouncing back from near 50% retracement level = bullish ADX above 30 = momentum Buy with a stop at 569 for the target of 700 and above
Weekly Supertrend in the green = bullish Daily William%R coming back from oversold range = bullish Stock bouncing back from near 50% retracement level = bullish Support taken just below the previous resistance level of 215 = bullish Buy with a stop at 209 for the target of 240 and above
Weekly Supertrend indicator in the green = Bullish Daily William%R Turning up from oversold range = Bullish Stock bouncing from near 50% retracement of previous trend = Bullish Buy with a stop at 148 for the targets of 169 and 180
Daily Renko Charts (Brick size: 1.97) & Supertrend Combination are giving a buying position for NSE:ARVIND for next week. One can enter a bullish position in Future/Options for August Expiry. As its a Renko charts, I will not give any stop loss or Target profit. However, I will update about the SELL signal to exit from such position.
Next bullish wave is forming for NSE:BANKNIFTY on Renko charts. Supertrend & Aroon crossover indicates a perfect time to enter in position on Monday. Although, Renko-Supertrend will give exit signal on their own. But, extrapolation of previous Renko Chart resistance indicates a rally till 27250 level which should be a good exit level.
Go 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!
Buy JUBLFOOD above 2300 T1: 2640 T2: 2900 T3: 3100 SL: 1930
Existing Supertrend signals changed to Channel , so we will get idea of resistance as per ATR when signal is Long in supertrend and Support when Supertrend signal is short This system created for study purpose and buying or selling as per this not suggested Thank you
NSE:NIFTY seams to be in bearish phase on Renko hourly charts. 3-4 indicators suggesting a bearish trend. 1. Renko hourly charts changing direction & colour. 2. Supertrend bearish Signal 3. Renko bearish indicator crossing up the bullish one. 4. EMA10 crossing above Renko bars. Take a sell postion till the trend changes. I will update about trend change.
1) NIFTY on day chart has been trading withing a symmetric triangle since early Feb 2) Trading below 89 DEMA and 144 DEMA and SuperTrend giving a sell signal. We can ignore this sell signal as long as Nifty trades above 10170 on weekly close basis. In a trending market lagging indicators tend to give false signals upon a pull back/correction. 3) A break above...
Long breakout confirmation or pull back.. details in chart