hidden bullish divergence has formed on daily chart with respect to RSI, wait for price breakout of triangle consolidation to initiate any long trade
price has taken out swing high and retesting the levels, good price band to accumulate for very long term
as reliance crossed ATH with relative outperformance to nifty, a bearish divergence is spotted in RSI ahead of results. not a short opinion but a caution to book profits and if any short develop then go for it.
bullish flag breakout in avadh sugar pole length 271
SRF is in uptrend with price breaking out previous swing high with positive RS but it is done with a divergence on RSI so 2621 level on closing basis is now crucial to validate this breakout, if sustained long trade can be initiated else could correct upto 10 %.
aggressive buying in PK Tea price crossed last swing high and short/long term moving averages, wait for 353 cross and close along with golden crossover for fresh entry RS turned positive
weekly demand zone at 12962 provided a buying with a breach of 21 dema and last created supply area, thus confirmation of sustained buying from zone. candlestick too form N reversal at demand.... a bullish sign. The way forward:- it is in a weak supply zone with a small supply zone of 14590-14675 over head that may pushback to 21 dema for further rally to...
DXY is stuck in range 95.5-96.7 although making bullish structure and a possible inverted head and shoulder pattern with depth of 4 points eventually, if triggered, breaking the range for 100. the trendline already faked out once could still act as a support for last time. Key levels 96.295 close above it means smaller range breakout then range shifts upward with...
Zinc has broken out of range with higher volumes and retest with lower volume. after nickel another commodity breaking out
Sharda cropchem has all positive indicators and price broke ATH levels, an ATH close will further fuel rally
TSLA looking weak and likely to test swing low and complete ABCD harmonic with overhead resistance
MSFT at support and previous breakout zone likely to bounce for ema or swing
Intel is ready for a good RR trade. Entry in staggered way- 1. at current candle high 1/3rd qty 56.32 2. retest at 54.61 3. pyramid at 58.46 eventual target 74.7/68.5
Momentum stock with volume, RS, RSi and super trend positive and green. Price also broke resistance.
JSW steel has so many false breakouts of falling trendline and box or it likes to remain in zone. Another breakout with overhead resistance. RS is still negative, wait for price to cross resistance and RS to turn positive.
Sumitomo Chemical broke and closed above falling trendline, RS flipped to positive territory.
ABB broken and retested month resistance with positive RS, rising RSI and green supertrend.
SKF is in uptrend with positive RS and rising RSI in green supertrend has given a price breakout on longer term chart. Good time for pyramiding or enter fresh as an investment. Disc: invested