The Vital Resistance Level of Rs 8355 has been Broken in Maruti which makes this level a chance to enter Long with a target of 9498. The time Period is One month. RSI 13 is also gaining momentum and may cross into sweet 60 Level. Earnings are also expected and One can expect a positive surprise in the Results. Stoploss can be kept at 8300.
You can enter Metropolis Healthcare above 3330 with Stoploss 3090. Keep a target of P&L 1:1 and enter into log trade. Target approx: 3560 Trading system Logic: RSI13 just crossed 60 above SMA 20. Stock is in Upward trend. Most vital: Entry only above 3330. The idea is for educational purposes only. For any loss, the Author is not responsible.
Canara Bank is presently in Institutional Buying Zone as shown by the Blue area. Entry can be Made into Canara Bank for Long Trade with an initial target of 245-248. A Hammer can be seen forming. Volume is low and reflects Stock consolidating and a strong resistance zone below due to Institutional Buying and can break out at higher levels. Educational Purpose...
The Currency Pair is at a level of being pulled off towards its 50 and 20 MA Lines and can act as a support base before it can be expected to make another movie again. The Immediate support levels look like 74.8400. The RSI seems to be calmed down with Higher Tops making flat peaks. Although RSI Convergence is yet to be seen, don't expect the pair to be too...
RSI is hinting for a change in ZEEL when the Chart, as well as RSI Tips and downs, are acting in opposite directions and hinting at a change. Please keep an eye on the two trend lines I have drawn one in the chart and the other one in the RSI Chart. Breakout on either side is possible i.e. on the higher side as well as the Lower side. But I feel it can be on the...
I am taking a position in Hindalco for a long Trade. The idea behind the Trade: 1) RSI is positive and has shown a convergence breakout. 2) Golden Cross Over just after the breakout of the Channel. 3) Although the Shorter super trend hints at a Buy Signal, the longer super trend still shows a Downward trend. So you can wait for the trend to turn fully green. But...
Taken a position at BATA India as RSI is indicating a Divergence from Price action towards Upper side denying the Trend Downside. Target 2120 and Stoploss of 1925. EMA 20 and 50 can provide Support to the Trade.
What is an Ex-Dividend Date? Ex-dividend describes a stock that is trading without the value of the next dividend payment. The ex-dividend date or "ex-date" is the day the stock starts trading without the value of its next dividend payment. Typically, the ex-dividend date for a stock is one business day before the record date, meaning that an investor who buys the...
NIFTY is moving along a downward Trend Line (Violet Channel) but RSI is hinting for a change if the Channel is broken on the Upper Side. Time to wait and see if Market is Hopeful enough amid rising Covid Cases. I will Update accordingly. For Educational Purpose. Not Responsible for any Financial Losses.
NSE:HCLTECH HCL is time to Go long for the Following : 1) Gap Up on Friday. 2) Net Volume Up. 3) Supertrend Positive 4) RSI indicating Long Position. Keep trailing Stoploss at the moving Blue Line of Super Trend or you can get out of position when RSI Comes down and Cuts below Yellow Mean Line. If INR 1367 is beaten, it can move further up. Be careful around...
Expect a fall till 290 as RSI indicates trend lines have been broken on the lower side. Time to go short in ZEEL till the 290 Level.
A Minor Pullback can be expected till 20 EMA but as it has broken the RSI Convergence Line, and also RSI indicating the same and is above 60, I will recommend an entry with caution for the Minor Pullback. I will recommend keeping 1630 as the initial Stoploss, then move along till RSI is above its Yellow MA Line and if you are checking the minor pullback, just...
There is an Institutional Buying Zone between 241 to 280. So a Pushback -up from this zone is expected. Do wait for a price retraction to this level and then Entry can be made. Educational Purpose only. The author is not responsible for any FInancial Loss you make.
Short Term Target of Bharti Airtel at present is 672.15. It has strong resistance at 733.90 and the Current Recommendation is to go short. The same is for educational purposes only and the author is not responsible for financial loss.
A shooting star Formation Can be seen on Daily Chart on Canara Bank. An early trend Downward can be seen till 194.10 and further if it touches the Blue Trend Line, we can expect a greater fall. Stoploss can be at 210.65. Canara Bank can be in for a downward trend. Will wait and watch before making an investment. If at all anyone want to enter at present it should...
Buy above 399.25 with a Risk Reward Ratio of 1:1. Stoploss at 372.05. There is a target of 431 and if broken then 2nd target of 451- move stop loss to 430. Always remember this is for educational purposes. The author is not responsible for any Financial loss.
Nifty 50 is going to fall. That's for sure. I don't see any support in the recent future. An RSI negative Divergence was at play before the fall. Now a dead Crossover has happened confirming further fall. Enjoy the Bearish Winter. The idea is for educational purpose only. For any Loss, the author is not responsible.
Breakout can happen for short trade as well as Long depending on level break on basis of RSI Divergence Trading opportunity. I will update accordingly on the daily charting pattern.