TCS : ITS A ASCENDING TRIANGLEHi have a look its a ascending triangle
with the EMA50 And technical indicator "RSI"
Technicalindicators
BAJAJ FINSERV LTDHello everyone its a good chart with the "Support and Resistance", trend line, double top pattern
SUNPHRAMA Hi Guys you can in this chart pattern
1)Supply and Demand
2)EMA 20
3)Volume
4)double top pattern
ASIAN PAINTS LTD : HAVE A LOOOOK...HEY its a double top pattern .
have a look in this chart it taken breakout then u have wait till the buy pattern .
next you can take the trade .And follow the "Resistance and Support"
And technical bill williams'3 lines
POWER GRID CORPHi Everyone its a Trend Line chart pattern and a it is in uptrend form or bullish pattern with technical indicator "RSI"
WAIT TILL it touch blue line .
Then buy it and have good trade
TATA STEEL LTD Hi Everyone is a double top pattern . And you see in chart there is EMA 50 technical indicator with "Support And Resistance" .
OK Have good trade byeee...
Pennant Formation in National AluminumRSI Above 50 however MACD is negative above 0 Line.
All signs suggest a strong bullish momentum.
ICICI BANK - Bull run after breakout chances of consolidation or retest to resistance level..
levels are mentioned on the chart
keep an eye!!!
HDFCLIFE: Double bottom Breakout!The double bottom has been formed in the last month. Stock is trending with strong relative strength in June so far... Even though Today market has retraced by heavy points, But IT, FMGC & Financial service sector always survive and surge in worst conditions
Due to the dollar price have been strong after 7 member did vote in the favour of increasing the interest rates in the USA and 7% of growth has forecasted It will affect the INR currency as USDollar is going to build momentum in upcoming days and the market will lose more points if and only if FII & DII still carry on their selling strategies.
TATASTEEL: Going to be all time high!The stock has been affected due to ADANI Enterprise fall and nifty100 as well as nifty metal also sipped from their highs. T.Steel is retesting its Critical demand zone.
RRR has shown in the chart for best entry wait for to form the higher highs in 5min candlestick
Points to be Note (Technicals + Fundamental)
1. Cup and handle formation.
2. Plunges with casual risk or news and index
3. Above from Critical Demand zone and retesting the levels
4. Company profit is increased from YOY 2020 and still -9% from YOY 2019
5. P/BV is high, the Debt ratio is high, PE is high.
6 Due to ratio diversions still sales edge over its peers make a sense to hold for the long term.
6. Sales have been increased impressively
7. Demand in the auto sector will move the metal in the next few weeks
Let me know in the comments what are your views on this! NSE:TATASTEEL
HINDOOSTAN MILLS LTD Hi its a good pattern and its in a down trend and its in a triple top or bottom from.
COAL INDIA LTDHI Guys can look in the chart in weekly chart it in downtrend and day time its a double top or bottom and with the technical indicator .And u have to one think just sell it
TATA STEEL LTD HI Its a good position .and u have to wait and watch till touch the support line that main line to buy .
Berger paints ready for upward trend ?Berger paints as on 17/5/21
CONDITION 1
1. Current Trend: Sideways
2. Trading near its resistance level.
3. Tested resistance level many times.
4. Resistance level: Around 770
5. support level: Around 700
6. RSI > 60
7. MACD: Fast length above the small length
8. Volume: Higher volumes past two days
Thought process: If the price in near future breaks resistance level with high volume, a buy trade could be generated.
Target: (5%) Around 808-810
(10%) Around 847-850
Stoploss: Around 735-740
CONDITION 2
If unable to break resistance level and move downwards in near future...
we will initiate a sell trade.
Target: Support level
stop-loss: Resistance level
GOLD, Buy or Sell ?As of 21st May 2021
Current Trend: Upward
Start of Upward trend: 31/3/21
RSI: Around 72
MACD Crossover: Shortline over Longline (Blue over red)
MAE: Stock trading above 26 Day moving average
Current Resistance level: 1861-1863
Bollinger Band: Currently trading near (1.618) level of BB, which also serves as a current resistance level.
The price has broken the current resistance level and (1.68) Bollinger Band level but it has not broken it with volume also it constantly is making Doji and Spinning top candles which are neutral and indecisive candles. These candles also indicate a possible trend reversal.
Moreover, the strength of newly formed candles is constantly decreasing.
Analysis: The prices of Gold can decrease in the coming future up to the levels of 1835-1837.
Go short once the level of 1861-1859 is broken with volume.
(One principle which I also kept in mind during analysis is the hype in the market related to the rising prices of gold.)
Feel free to comments below...
AMBUJA CEMENTS, Uptrend over ?Ambuja Cements as on 19/5/21
Overall Trend: Upward
Currently trading in an upward channel range.
Current situation: Behaving like in sideways trend
RSI: 59
MACD: Not indicating clear signal
Current Horizontal Resistance level: Around 318 price levels
Note: According to a single candlestick pattern, A hanging man is formed in an upward trend with a high volume and current stock prices also seem to be at a horizontal resistance level.
Analysis:-
1. Since hanging man is formed, so it might be a trend reversal signal, so wait till the lower trend line is broken with heavy volume before entering in a short position.
2. Since a heavy investment is done today in Ambuja cement, it may be a possibility that stock resumes its upward journey so wait for the price to close above the horizontal resistance with volume before going long.
'NIFTY 50' analysis for 17th May 2021NSE:NIFTY
HEAD AND SHOULDER pattern has been formed in 5 min frame
BUY: If sustain at 14724.50
SELL: If sustain at 14638.00
TARGET'S ARE DRAWN IN THE CHART ITSELF
