- Rebound from the upper layer of the weekly channel
- MACD showing weakness
- Negative Volume are on the rise
- RSI is still showing positive divergence on weekly chart, byt negative divergence on weekly chart
- Target of Rs. 250 by September
- Natco pharma breaks its monthly resistance levels
- RSI showing a massive negative divergence on weekly charts
- MACD is signaling negative movement on daily charts
- Next target 500
- The trading decision need not be full of complex indicators, it can be as simple as this one.
- Biocon is taking support at the lower end of the weekly channel
- Note the volume picks up as soon as it reaches the lower end, a similar rise in volume can be acknowledged
- MACD showing an upcoming bullish trend
- Look for targets of 740-750
- Excellent stock for entering short
- Every time the stock hits its the trend line it bounces back to its 50 DMA which lies somewhere around 770 levels
- Note dropping volume, indicating that sellers are taking the toll
- RSI is just hovering near to oversold zones
- MACD is indicating loss of momentum
-
- When everybody is poised for markets to break all time highs, market is about to fill its gap on its way down.
- RSI showing negative divergence
- Candles is following the declining pattern with due adherence to trend line.
- Short term support near 29300
- Basically, it is a sector rotation, from financial services to IT and metals
- USD/INR has also bottomed out, hence IT stocks may opt for a rally
- Weekly flag breakout as well as positive divergence on RSI
- Can look up to targets of 2200 or more
- Metal index has already shown a breakout around levels of 2910 so is Vedanta and Hindalco.
- Vedanta has shown a massive weekly channel breakout at levels of 180.
- Currently showing a positive RSI divergence with great volumes
- If the global rally continues to extend, the commodities/ metals are going to follow up.
- If the market has to break the levels...
Bharat Petroleum Corp. Ltd. (BPCL) : Looks good to LONG @ 403.55
STOPLOSS : 392.55
TARGETS : 407.55 - 412.65 - 417.70 - 422.85
DISCLAIMER : I am not SEBI Registered.
This #view is for study purpose.
Consult your Advisor, before Trading & Investing.
TWITTER : @14Rishu
INSTAGRAM : _stocktalks_
For timely updates please follow and join us on our Telegram...
TCS is likely to trickle down further. Likely target to be around 1870-75 zones.
- RSI negative divergence
- Volume negative bars are on a run
- If it takes supports from 200 DMA then might move up for a time being but it shall arrive at lower levels
Sun TV Network Ltd (SUTV) : Looks good to LONG @ 596.35
STOPLOSS : 583.20
TARGETS : 607.60 - 613.75 - 619.95 - 626.20
DISCLAIMER : I am not SEBI Registered.
This #view is for study purpose.
Consult your Advisor, before Trading & Investing.
TWITTER : @14Rishu
INSTAGRAM : _stocktalks_
For timely updates please follow and join us on our Telegram Channel &...
Today nifty made a hammer on the upper side of the trend but hammer is not good on the upper side of trend so i think its time for some reversal.
You can see when in a upper trend a hammer shows on the top its mostly a following red candle so ready for some reversal.
And yesterday where option chain was so bullish with very heavy PUT writing but today we see so...
After a very good uptrend i think trend is changing now with this breakout on downside.
you can see this on chart clearly it broke out the trendline and also the head and shoulders pattern is also there.
my targets for this trades are
TARGET 1- 709
TARGET 2- 701
TARGET 3- 684
NSE:NIFTY
Technical analysis:
1. Nifty took support at 50 DMA
2. If you see Fibonnaci retracement, it retraced upto 38% and turned back on higher side
OI data analysis:
1. It respected 11400 where we had highest OI in PUT side.
2. Yesterday we had equal number of OI on 11500 PUT and CALL but at the end Bulls has won the...
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