now since nifty has managed to give a nice weekly closing with strong momentum indicators, we can expect the Index to reach higher levels and test 16276 (Fib ret level)
Last week as expected Nifty rallied up from the lower end of channel to the Upper end and finally closed ard the middle of the channel. Momentum indicators are still positive Can expect Nifty to remain in the Range (14100-15100)
The Index has been trading in the slightly downward sloping channel since a month. RSI & MACD both indicate that Bears have an Edge over the Bulls currently. BUT The same indicators are in a strongly bullish mode on the higher time frame charts.(weekly & monthly) SO We can expect a bounce back this week. Resistance levels: 14570 / 15000 Support levels: 14140 / 13600
Bullish price pattern supported by volumes & momentum indicators. So Expecting the stock to reach ard 240-250 in a month or so
trend since march down... 12 april Gap DOWN... GAP UP today MACD positive crossover can expect price to move higher upto ard 35
stock has bounced from the support level. can expect price to move up higher
can see a inverted H&S pattern on intraday time frame charts. this can lead the stock price up towards 200 to 215 levels. stop below 177.
got a bullish trend reversal signal on the daily chart of SBI.. look to go LONG at cmp and more on dips to ard 250-255 with a target price of ard 300-315 and stop below 349.
Nifty bounced back making a Higher low and the corresponding RSI made a lower low....creating a positive reversal pattern. look to go LONG for ard 100 points from here with a stop below today's low.
got a nice up trend since april2018.. today almost touched the 11K mark and gave a sell off thereby creating a nice Shooting Star pattern which is a bearish trend reversal pattern.. expecting nifty to retrace back to ard 10600 levels..
the stock has gapped up today with a huge spike in volume as well.. and has also confirmed the double bottom signal. can BUY with a target of ard 37 -40 with a stop below 26.
Nifty has bounced from the longer period support trendline and formed a Inverted H&S pattern. can look to go LONG in the counter.
with a gap up start today, also completing the double bottom pattern, nifty is all set to touch 10270 - 10400 levels.. can go LONG with a stop below 10050.
look to go long in banknifty for tgt of ard 25800..
Morning star a trend reversal pattern.. 1st of all, sqr off the short recommended earlier. can go LONG from here on..
can short sell for a target of ard 94/93
nice positive crossover b/w the EMAs.. expect prices to touch the blue lines. stop below the Red line.
can short this counter for targets of ard 400 to 360