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Trendreversal

#Oct13 - UPL (intraday+swing)The stock is now at the base of the channel. The W pattern indicates trend reversal. The hammer candle is a clear indication trend reversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :- Buy above 515.55 A Multi-time frame analysis also indicates trend reversal. The analysis is given below. Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me on tradingview to get such intraday and swing picks everyday. Happy Trading!!
NSE:UPLLong
by FAHEEMSAM
UPL - TREND REVERSAL INDICATION - SWINGTRADEThe stock is now at the base of the channel. A rejection candle is formed in the daily timeframe indicating a bullish trend reversal from here. The hammer candle is a clear indication trendreversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :- Buy above 515.55 Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me on tradingview to get such intraday and swing picks everyday. Happy Trading!!
NSE:UPLLong
by FAHEEMSAM
11
RSI Bullish Divergence & contraction of volatility In this setup, I have clearly explained how powerful RSI divergence is but sometimes they don't work is some kind of stocks. In my own opinion, I think HDFC Follows RSI Divaregance & this move fill be a successful move. Observation Price Action -> In the last 5 days narrow range candle has been formed. (Contraction of volatility) -> Positive price channel formation. -> RSI Shows good strength & supports price now. (Signifies that price is strong & no major trend reversal) -> MACD is still below zero but it's still indicating a bullish move. -> Rs 1860 should be the First target as per Fibonacci. / Last three days Delivery % 21 April 2020: 59.86% 22 April 2020: 53.54% 23 April 2020: 46.19% Option Chain ( Expiry 30 April 2020) 1700: Highest OI on Call side. 1600: Highest OI on Put side.
HLong
by abhishek_sh4
2
Lucrative opportunity for long term buyers!Analysis:- - Previous week ending 5th April was bearish for HUL. Then a green Doji on 8th April showing indecisiveness against the bears. This was followed by bullish candles confirming a trend reversal this week. - This reversal happened exactly at the long term trendline as shown. - Stock moved in downward channel for past two months. Finally appearing to breakout from that channel with volumes. - Currently on the brink of reclaiming 50 DEMA of 1716. I would like to see HUL cross it in the coming trading sessions to go long for the next leg of rally till 2000 levels while reclaiming other longer term moving averages in process. - Mild bullish RSI divergence was also observed. Conclusion : Long term trend is positive and still intact. If you are looking for a long term bet, this appears to be a right time to enter this counter. Let me know what you think of this opportunity.
NSE:HINDUNILVRLong
by BullBaba92