we can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
Stock has given a 52 week breakout with good volume
Symmetrical Triangle Break Out. EMA Cross Over With Volume. Price Above EMA. Other Details Mentioned In Chart. I am not SEBI Registered Financial Advisor.
For #Banknifty the levels of 25720-740 spot is the new make or break zone. A move above that can lead to positional targets of 26000 & 26200. trading below that expect to large consolidate until 25450 breaks convincingly. Options data suggest max pain at 25500 for this week. this would imply that we may likely consolidate. Good idea would be to sell a calendar...
NSE:BANKNIFTY BANKNIFTY Yesterday retraced from the the lows of 25900. Forming a double bottom support near challenging the upper trend lines zones of the downward channel. yesterday's point of control remained at 25050 in futures levels and around the 24990 zones in the spot levels. Now there are two scenarios that can play out. the swing top resistance remains...
Considering distribution and support trendline has now become resistance. A good risk to reward scene is possible.
SHORT TRADING idea on banknifty below 25980 with stops above 25340 levels. targets of near 25820 and 25550.
TATASTEEL 13 DEC-17: TATASTEEL A FAILED attempt to take the resistance zone. Short trading idea. below 685 or in pullbacks to 695 SL @ 710. Can take a calendar bear spread too with High IV's
Zone marked on Chart is where selling have occured with significant volume However since tradingview charts do not provide volume data you need to check on other websites for volume enabled chart
i think the stock is turning its trend into positive although a good spike has been seen but after a short profit booking i again see the stock to touch good levels that may surprise !!!!!! stop loss in such stock is compulsary!!!
posting it because someone asked me to do so on twitter!!!! let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ... i can be wrong!
It appears as if BTC is getting traded in an ascending parallel channel and currently it's around the middle of the channel. The price of the pair is hovering around Fib level 1 and the volumes are gradually decreasing. MACD is +ve and the divergence is too high. RSI is hovering around 83. Way to high in my opinion. With all the above observations I'd expect to...
dont think the 17% weightage holder of banknifty will sustain the levels and thus can drag bank nifty to lower levels ...
There is clear selloff at higher level seen in this counter. For chart pattern we need to wait for confirmation.
Break out happned with volume. Currently retested the break out line. EMA Support. RSI in Buy Mode. Other Details Mentioned in Chart. Positional View. I am not SEBI Registered Financial Advisor.
On Weekly Chart Stock has Break Out with Heavy Volume. Multiple Break Out. Details Mentioned in Chart. Investment View. As per Internet Data : Stock PE : 18.55. Industry PE : 49.05. Book Value : 236.10. I am not SEBI Registered Financial Advisor.
CANFINHOME stock price bounce from the medium team support zone 508/538 ready for target of 650+ by keeping stop loss below 473. 1. we can RSI divergence. 2. MACD is positive. 3. RSI above 50.
It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows: 1. P/E: 13.3 (Undervalued) 2. Book Value: 74 3. Debt to Equity: 0.01 (almost a Debt free company) 4. Current Ratio: 3.3 5. Net Profit Margins: 30% 6. Return on...