Nifty has filled its previous the gap. And has been sustaining the important level of 8270. Double bottom of RSI above 50 shows the momentum is gaining. Nifty is buy above the blue trend line. I expect a little pull back tomorrow. Targets are 8303 and 8387. Follow the blue trend line. Happy Trading! in.tradingview.com
Bank Nifty is in crucial support zone. The lines in red 18050 to 18200 indicates the importance of the zone. Blue dotted lines shows long term support zone. Bank Nifty should move above all these lines to show it is back for the game. Many traders will have a doubt, this chart shows Head & Shoulders pattern, but still it didnt fall down. Its because price action...
Tatachemicals shows weakness in price action. 1. Upward Trend line broken 2. Price action forms higher high, but RSI forms lower high. 3. Pin bar formation showing rejection of higher price level.
Sell tatachemicals with stoploss 507. Targets are 500 and 496. Happy Trading! in.tradingview.com
Nifty is moving sideways without giving us a clue about how it will move further. As per Dow's theory any major reversals will be confirmed if both indexes are in agreement. For any strong trend Nifty and Bank Nifty should be in agreement. If Nifty and Bank Nifty travels in opposite direction, then primary trend wont develop. There is no trend when they conflict...
Dow is in distribution phase. Upward trend line has been broken. RSI shows negative divergence.
As per Dow's theory, line indicates movement. Dow forming a line indicates a big movement is coming soon. Longer the line formation faster the movement. in.tradingview.com
Hero Motocorp is in accumulation phase. Downward trend line has been broken. RSI postive divergence break confirms upside movement. Once the engines get enough power, it will move towards 3300. Journey is long, needs enough power to reach the destination. Happy Trading! in.tradingview.com
Getting strong support at the price 338 Jet Airways started its journey smoothely irrespective of the rough weather. RSI shows positive divergence and downward trendline has broken. Buy Jet Airways with stop loss 350. Targets are 400 and 423. Its a long journey, long trade. Happy Trading! in.tradingview.com
In daily chart Axis bank is showing momentum. RSI positive divergence shows strength. Since Axis bank is trending inside the channel, uptrend will get confirmed once it breaks the channel. Happy Trading! in.tradingview.com
In daily chart Canara bank is at the crucial support zone. It has also formed RSI positive divergence.
Uptrend is not confirmed yet. Can expect the stock to move up in coming days. Happy Trading!https://in.tradingview.com/chart/QtD56IkU/