IDFC Bullish Bias on Hourly Chart +Price breakout form resistance and attempting retest + RSI breakout of 60 levels and attempting retest + Strong Relative strength + Hidden bullish divergence on 15 mins chart + Supported by Bank Nifty Bullish Bias as BNF having multiple hidden bullish divergence in Hourly chart + Wait for close above 200 MA in hourly chart and...
Bearish Bias on HDFC Life -Below major moving averages -Price breakdown and attempting retest -RSI breakdown from 40 level and attempting retest -Weak Relative Strength -ADX -ve DMI is showing bearish strength Wait for price action confirmation on Hourly Chart and trade set-up Entry rules
HAL Bullish Bias + Bullish HH-HL structure + Good Relative Strength + Price bouncing from Horizontal and long term upward trendline + Hidden Bullish Divergence on Daily chart + Simple Bullish divergence on hourly chart + RSI curling up from 40 levels + Wait for Trade confirmation
Strong Relative Strength Price bounced from Support Price crossed 200 SMA and 10 SMA Hidden Bullish Divergence SuperTrend (10,3) turned +ve on Hourly chart
Price broken 200 Day SMA Broken horizontal support zone ADX -DMI gaining strength (above 30) Can go short on any pullback on lower timeframe
Bearish RSI divergence on daily charts near resistance Trendline on RSI broken on downside for SHORT entry wait FOR Price to break trendline MACD to turned Red
Bearish divergence on daily charts near resistance Price broken trendline Trendline on RSI broken on downside MACD turned Red
double bottom formation Good momentum on Weekly and Monthly charts All time high breakout with good momentum RSI, ADX and MCAD supporting good momentum on daily charts
Good base formation (rounding bottom) Outperforming NIFTY ADX, RSI and MCAD bullish in weekly TF ATH Breakout with good momentum
Asian paints has been outperforming Nifty recently Breaking out of ATH MACD Histogram turning positive
Short term breakout HH-HL formation ADX moving above 25 in favorable zone Stock could gain momentum from here
Gaining momentum HH-HL formation in daily basis Breakout of previous swing high
Good fundamentals- only red flag is promoters pledged 85% of their holdings Breaking ATH with good momentum ADX, MACD and RSI are in favorable zone
PSU bank index is showing signs of bullishness and momentum One can buy Nippon India PUS Bank Bees at CMP and keep adding on any dips
Hidden Bullish divergence on RSI Breaking Breaking time High Good Momentum Good Set-up of Strength ADX & DMI
Breaking out of Weekly 200EMA after testing it 3-4 times RSI Hidden Bullish Divergence Low Volume Pull Back followed by High volume Breakout Ascending Triangle Breakout
Bank Nifty (BN) has so far not participated in Bullish rally that we have seen in other indices. Last week BN has given convincing Breakout of Feb'21 ATH. Breakout has happened after 4 weeks of tight consolidation which is a bullish sigh To take advantage of BN breakout one can buy NIPPON INDIA BANKBEES at CMP 396 and buy at ever dips
Breakout stock supported by momentum and breakout of PSU Bank index