Monthly 20 EMA is 621
Price is around Monthly EMA
There was monthly divergence in RSI in last few months which triggered sale off, now that phase is over..
RSI Now ~ 50
Now it should take support here and if price closes above monthly EMA then it can give a pull back
From last few day's INTELLECT stock is trading in bearish pennant pattern and that stock has given a reversal entry today with support in the bearish pennant pattern and its target may be up to resistance level.
INTELLECT DESIGN ....
1 - trading in channel
2 - near channel top , 200 ma acting as a resistance
3 - high selling volume
4 - now fibo 50% is acting resistance
5 - rsi 41 , below 40 sharp selling will come .
INTELLECT DESIGN -- INTRADAY SETUP- HOURLY CHART -- 13/07/2022
1. stock trading at trendline & upper channel support level on hourly chart
2. last hourly candle above 50, 200 HMA
3. RSI at mid range 54 at daily chart
4. BUY can initiate at intraday between 672-675 TARGET 680-685 level stop loss at 665 level.
5 MACD above center and signal line at daily...
Now at crucial support
More probable for downside
Wait for more downside for entry
Seems this support zone may easily break in next week
My entry only at 493 ,425 or above 730
As per the 2 Hour Chart of INTELLECT, we have witnessed the Formations of a “Bullish Harami” Pattern backed by a confirmation candle.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 808.85, 828.30, and 846.70....
📈 Intellect Design 📉
It broke out from Resistance Zone of 780-800 and also closed above high of July 2021 with strong green candle. So I am biased on long side.
On Buy Side I am looking for Targets of 1000 and 1100.
StopLoss should be kept at 810.
It offers 1 : 2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
This is follow-up on Intellect Design Arena. Can check link to related ideas.
Target 1 achieved. Gain of more than 15%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
NSE:INTELLECT
here we are using harmonic for long side target in positional trade one can long till target one for swing as well.
if find reversal at target 1, one can short as well and ones find support then go for target 2 again if find reversal at target 2 go for short again.
******whatever charts or levels sharing here or on any other platforms are just...
Range Bo With Good Volume
TGT - 1000 &1050+(Positional)
SL - 800
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We...
Both targets have been achieved in one week. I had published view on 25th March around and today it gain 12-13%. Purely technical analysis as well as price action.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
