🔴SPX oversold. But its a relative term. Weekly RSI < 40 (34) 🔴SAR-Mean reversion system has given sell signal in weekly. 🔴Price trading below major moving avg in daily & weekly TF 🔴Below 3855 it can break swing low and head towards 3400 🔴JPMorgan sees levels of 3400 which is pre-pandemic highs.
🔴BankNifty looking exhausted. Trading below 20/50 WEMAs. 🔴SAR-Mean reversion system has given sell signal in weekly. 🔴Price rejection near 200 DEMA & trading below major avgs 🔴Below 34094 it can break swing low & head towards 30635 🔴Weekly RSI looks weak. Formed #EveningStar LHLL pattern
🟢TrendRider turning green giving buy signal. 🟢Price is stabilizing near oversold territory. 🟢Good to buy in trances with max 2% allocation
Indexes are on steady decline. I will use the opportunities to buy index ETF's and pledge them for trading as collateral. Keeping that in mind, I have plans to accumulate #SBISENSEX ETF around 555/526.9/499/453. Will increase quantity on lower purchases. While we don't know the bottom, one thing is for sure indexes will move higher in few months or years....
🟢 Major US/Europe market #RSIStair > 60/55. Prices > ST(10, 2) 🟢 RST-SAR system has given bullish signal on QD/HD/D/W chart 🔵 Whereas Nifty is far behind and is yet to do a catch up move 🔵 Call IV and premiums are very low as CE writers still holding 🔵 Sustaining above 16409, #Nifty move can be sweet and fast.
🟢 Stock given price and volume breakout near the 52 week low 🟢 RST- SAR system has given bullish reversal signal on HD chart 🔵 Will buy here with a small quantity for long term investment
🟢 Stock is down by 50% from its high and available at IPO price 🟢 RST- SAR system has given bullish reversal signal on 1D chart 🔵 Will buy here with a small quantity for long term investment
🟢 Stock given price and volume breakout near the 52 week low 🟢 RST- SAR system has given bullish reversal signal on HD chart 🔵 Will buy here with a small quantity for long term investment
🟢 Major US/Europe market #RSIStair > 50/55. Prices > ST(10, 2) 🟢 RST-SAR system has given bullish signal on QD/HD/D/W chart 🔵 Whereas Nifty is far behind and is yet to do a catch up move 🔵 Call IV and premiums are very low as CE writers still holding #Bulls 34800 Retest for any reason is an buy on dips opportunity.
Silver ETF is good to buy at this level. One should invest 25% of investment here. Add in 4 trenches with 25% each for every 2-3 rupees fall. Basically on every 5% decline add more. View should be long term.
IceLand reversal candle in Nifty . Looks bullish in half day charts for a target of 16405/16659++. SL is far away 15735. So any trade initiated for long must be hedged.
🔴BhartiArtel is facing resistance near supply zone of 780-787. 🔴Broken TrendRider & first support of 750 with good volume. 🔴 RST-SAR system has given trend reversal signal on daily TF. 🔴 Good to short with a SL above 761.5 using BearCall spreads
🔴 High volume sell candle near the supply zone of 1925-1953 🔴 Daily TF TrendReversal system indicates a change of trend 🔴 Hedged short can be initiated below crucial support of 1824 🔴 Even on rise would like to short around 1885. SL 1925 DCB
🔴 20/50 DEMA rejection. Nifty closed below 20/50/100 DEMA 🔴 TrendRider system is already bearish from 17587 spot level 🔴 RST-SAR system has given trend reversal signal on daily TF. 🔴 Good to short with a SL above 17465 using BearCall spread
🔴Reliance is facing resistance near supply zone of 2688-2745. 🔴Broke TrendRider & first support of 2585 with good volume. 🔴 RST-SAR system has given trend reversal signal on daily TF. 🔴 Good to short with a SL above 2755 using BearCall spreads.
🟢 #Volexp seen in #Ultracemco recent days. Accumulation sign. 🟢 RST- SAR system has given bullish reversal signal on DW chart 🔵 Buy above 6225 for a TGT of 6453/6687/6892. SL=5956 HCB
🟢 #Volexp seen in #IBulHsgFin near 130. Possible accumulation. 🟢 RST- SAR system has given bullish reversal signal on 1D/1W TF 🔵 Good to buy @ 160. Add more on dips. SL=135. TGT: 204/217
🟢 #RSIStair looks bullish & trading above 57. #Nifty > ST(10, 2) 🟢 RST- SAR system has given bullish reversal signal on 3D chart 🔵 Pyramid above 17355 TGT of 17626/17796/17958 SL=17006