- Broken hourly resistance level - Target 30200
- Excellent stock for entering short - Every time the stock hits its the trend line it bounces back to its 50 DMA which lies somewhere around 770 levels - Note dropping volume, indicating that sellers are taking the toll - RSI is just hovering near to oversold zones - MACD is indicating loss of momentum -
- Natco pharma breaks its monthly resistance levels - RSI showing a massive negative divergence on weekly charts - MACD is signaling negative movement on daily charts - Next target 500
- Rebound from the upper layer of the weekly channel - MACD showing weakness - Negative Volume are on the rise - RSI is still showing positive divergence on weekly chart, byt negative divergence on weekly chart - Target of Rs. 250 by September
- When everybody is poised for markets to break all time highs, market is about to fill its gap on its way down. - RSI showing negative divergence - Candles is following the declining pattern with due adherence to trend line. - Short term support near 29300
- The trading decision need not be full of complex indicators, it can be as simple as this one. - Biocon is taking support at the lower end of the weekly channel - Note the volume picks up as soon as it reaches the lower end, a similar rise in volume can be acknowledged - MACD showing an upcoming bullish trend - Look for targets of 740-750
- Basically, it is a sector rotation, from financial services to IT and metals - USD/INR has also bottomed out, hence IT stocks may opt for a rally - Weekly flag breakout as well as positive divergence on RSI - Can look up to targets of 2200 or more
- Metal index has already shown a breakout around levels of 2910 so is Vedanta and Hindalco. - Vedanta has shown a massive weekly channel breakout at levels of 180. - Currently showing a positive RSI divergence with great volumes - If the global rally continues to extend, the commodities/ metals are going to follow up. - If the market has to break the levels...
Is it a breakout or just a swing high for latter retracement- Yet for now its a long - purely on technicals
NSE:YESBANK - Broken its previous swing low of 221 created in November 2016 - Broken its previous swing high of 246 created on 25th January 2019 - Growing volume on a consistent basis - Once it breaks its previous high of 256, it shall attempt to fill the September gap - Also close to 200 DMA at 261.80
It has broken weekly trendline. Next target 145
Resistance breakout with great volume. Target of 820
TCS is likely to trickle down further. Likely target to be around 1870-75 zones. - RSI negative divergence - Volume negative bars are on a run - If it takes supports from 200 DMA then might move up for a time being but it shall arrive at lower levels
Head and Shoulder pattern in Housing and finance, can be short for target of 700
HCL tech at its support and ready to blast. Bull spread suggested - 1020 C+ 1040 C-
Taken support at 61.8% retracement level. Next Target 1200++
OMCs are likely to report losses for the December quarter, hence the gained made due to sharp drop in crude prices are likely to be wipe out. BPCL can be short for targets of 330
near 23.6% retracement as well as structural support