IBULHSGFIN can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA, formed inside bar. MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
IOC can be bought for swing trading. EMA 6 crossed above EMA 18 which shows the trend is up. MACD also confirms an up trend. Risk Reward 1:2.
BPCL can be bought for swing trading. EMA 6 crossed above EMA 18 which shows the trend is up. MACD also confirms an up trend. Risk Reward 1:2.
The script has closed at 1475.40 and it shows potential of going further up. 20 Day EMA is above 50 Day EMA and is facing up. RSI is above 50 level and facing up. MACD has given positive crossover above zero which again is positive sign. If you do further analysis, 10 week EMA is above 30 week EMA and facing up. You should Buy @ CMP (1476) For the target of...
Last week it has formed Hammer pattern, currently the stock price has sharp up move after that hammer pattern. It appears to be reversal pattern. CMP is near breakout area if you see the white line on the chart which indicates that breakout can be expected next week. Price is holding 100 period EMA. 14 Period RSI is also facing up above 50 levels. I might...