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Technicalindicators

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.
NSE:HDFCLIFELong
by rajveerscolia
3
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
NSE:TATASTEELLong
by rajveerscolia
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
NSE:BERGEPAINTLong
by nipun_garg7383
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...
G
by nipun_garg7383
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.
NSE:AMBUJACEM
by nipun_garg7383
💡 It's a great buy opportunity in NEOUSD @neo_blockchainTrading suggestion: . There is a possibility of temporary retracement to suggested support line (46.30). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NEOUSD is in an uptrend and it is expected to continue. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 49.75 TP2= @ 55 TP3= @ 60 TP4= @ 64.40 TP5= @ 69.40 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITFINEX:NEOUSDLong
by ForecastCity_ME
4
💡 Don't miss the great buy opportunity in SFP/BUSDTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (2.5985). If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . DOT/USD is in rangebound, and the beginning of the uptrend is expected. . The RSI is at 53.59. Take Profits: TP1= @ 3.010 TP2= @ 3.230 TP3= @ 3.4480 TP4= @ 3.7485 TP5= @ 4 TP6= @ 4.47 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment. Let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
SLong
by ForecastCity_ME
💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . RVN/USD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67.51. Take Profits: TP1= @ 0.0945 TP2= @ 0.1010 TP3= @ 0.1085 TP4= @ 0.1190 TP5= @ 0.1320 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:RVNUSDLong
by ForecastCity_ME
2