ScienceBehindTheChart

ScienceBehindTheChart

The following is observed :- 1. MACD crossover on daily time frame just below the centre line and crossover likely to happen on weekly time frame above centre line. 2. RSI bullish at 53, can be considered bullish. 3. Follow up buying seen from 1240 levels with good price action. 4. Downtrend changed seen after 3 month of previous high in Jan 2024. 5. Range...

ScienceBehindTheChart

As per weekly chart set up, the following is observed :- 1. Positive crossover in MACD just below centre line is going to take place. 2. RSI reversal from oversold zone seen. 3. Weekly green candle seen which is a positive for upcoming days or trend changed candle. So, 480 and 500 levels can be seen in the stock in next coming days. So, 460 call option or...

ScienceBehindTheChart

Thr following is obeserved :- 1. MACD positive divergence just below to centre line. 2. RSI bullish at 57, can be considered bullish momentum. 3. Closed at upper end on Daily and weekly time frame. Small hurdel 1475. So, 1500 and 1560 levels can be expected in Apr series.

ScienceBehindTheChart

The following positive observed :- 1. MACD reversal on weekly chart. 2. RSI bullish at 59. 3. Weekly bullish candel after a long time. 4. Auto sector in bullish trend. 5. Small hurdel at 4150, once this crossed, 4500 levels will come soon in Apr series. So, keeping in view of above mentioned factors, one can buy 4000 CE of Apr series or 4100 or 4200 for Apr series.

ScienceBehindTheChart

On weekly chart, the following is observed :- 1. MACD reversal seen just from the centre line which is sign of reversal. 2. RSI seen bullish at 52 on weekly chart. 3. Stock moved after a long time, positive momentum with short covering in Mar series. 4. 1640 hurdel crossed with great bullish candle. So, one can make positions in 1640 CE Apr series...

ScienceBehindTheChart

On the daily chart following observed :- 1. MACD negative crossover on daily and weekly time frame which is going towards zero line. 2. RSI is at 47 which can be considered week. 3. Small support at 21860. So keeping in veiw of above mentioned factors, watch levels 21860 closely, if these levels broken then sharp fall can be expected towards next support...

ScienceBehindTheChart

The following observed in the stock:- 1. Bulish Flag Pattern. 2. Breakout from the downtrend. 3. MACD is positive on weekly and daily time frame and crossed centre line. 4. RSI is supper bullish on weekly and daily time frame. So, 615 and 650 levels can be expected in the Mar series, 560 CE with 540 PE is good to hold for Mar series. 5.

ScienceBehindTheChart

Set of the stock, 1. MACD reversal seen on daily time frame just below centre line. 2. RSI is in bullish. 3. Stock trading above 20 and 50 days moving average 4. Most important volume is all time high in last 7 years. 5. Stock away from his 52 week high. So, hold for 650 and 750 target in next two months.

ScienceBehindTheChart

The setup in HDFC LIFE for next one month :- 1. On 4hr time frame chart layout, MACD crossed centre line, stock can be considered in uptrend. 2. RSI is above 55, can be considered bullish. 3. On weekly time frame, the reversal seen due to formation of bullish candel. 4. Stock trading in a range beyween 560 and 590 which is a signal of bottom down of the...

ScienceBehindTheChart

As per trading set up, the stock looks good due to following reasons :- 1. MACD crossover going to happened on daily chart and above the centre line which strong bullish signal. 2. On a weekly time frame, the stock is trading above centre line of MACD, which is positive signal for the stock. 3. RSI is 55 which came in bullish mode and likely to go above 60...

ScienceBehindTheChart

As the stock is trading in limited range from last 4 months, now the following is noticed :- 1. MACD crossover on daily chart near just below the centre line which can be crossed with heavy price action. 2. RSI crossed yellow line turning to be bullish. 3. Trading above 20 and 50 days moving averages. 4. The consolidation phase between 240 and 300. The stock...

ScienceBehindTheChart

As the stock standing at its life time high which is 1059 made after qtrly result anouncement, if in the morning stock crossed 1059 with good price action, then further move can be extended upto 1080 and 1100 level in Feb series. So trade is this :- 1. 1060 CE FEB EXPIRY @ 12 or 1070 CE @ 8 2. Buy in cash for short term target 1100 and 1130 levels.

ScienceBehindTheChart

As per daily time frame chart layout, the fwg noticed :- 1. MACD crossover at support. 2. RSI likely to come into bullish. 3. Reversal seen from its support line which is 940 and 960. 4. Market in bullish trend. So, one can long with SL 940 for 1080 and 1160 levels in Mar series.

ScienceBehindTheChart

TCS has crossed its previous high of 2021 which was 4000 and as per stock behaviour, stock now retsting its support 4000, keep an eye on this stock. Stock should hold this support and further leg of move from here can be seen in the coming month. Good to buy at this level.

ScienceBehindTheChart

As per daily chart of the stock, the following is noticed :- 1. Crossover of MACD on daily chart. 2. Revershal from support line 562. 3. 4hr chart layout is very impressive, the MACD is just below centre line can cross with good price action. 4. Good volume on 05 Feb 2024. 5. Retested Monthly levels. - So on the day of good openeing in the morning, one look...

ScienceBehindTheChart

As per recent developements in the HDFC bank, mutual fund houses bought approx 8 % equity in Jan and Feb and management of HDFC bank will hold special meet on 19 Feb 2024 for future growth prespective, so keeping in view of the above mentioned factors, the following can be considered :- 1. Buy 1420 CE Feb expiry @ 29 with 1400 PE FEB expiry @ 14. Or 2. Buy...

ScienceBehindTheChart

As per daily layout of the chart, the following is noted :- 1. Stock standing at centre line of MACD, which is a sign of revershal. 2. The stock in uptrend and whole sector is making higher high and lower low. 3. Stock at its support line 1300, sign of revershal. 4. RSI rising and at 50, shortly 55 and 60 can be crossed. 5. keeping in view of the above...

ScienceBehindTheChart

Reason to buy :- 1. Bullish candel on weekly chart. 2. Stock in rising channel, making lower lows and higher highs. 3. MACD revershal right from centre line. 4. RSI 64 considered to be bullish. 5. IT sector stock which has taken u turn from lows. Trade:- So, 2800 CE option Feb expity availablr at Rs 54, looking good. Lot 275.