India Cements (NSE Cash) CMP - 168.60 Support - 165 & 158 levels (always consider 10% +/-) Resistance - 180 & 186 levels Weekly Charts (Long Term) 20, 50 & 100 DEMA is perfectly aligned Candles have been taking support at 20 DEMA since 4 weeks now. This means that the 20 DEMA level will not be broken easily. Clear Uptrend MACD is in the bullish zone but there is...
Nifty Futures Weekly (Long Term) DEMA (20, 50, 100) Aligned to perfection. Candle took support at 20 DEMA and bounced back which shows strength. Volume shows selling which indicates that we may see short covering soon. MACD did give us profit booking signals but is still in the bullish zone. RSI has a recent downtrend but it isn't sharp and scary. We might see a...
15m chart with ema of different values. The red line is a 20 day ema, blue is 10 day ema and the purple is a 5 day ema. These values work well with intraday charts. If you see here, the 10 day ema is crossing the 20 day ema which is a bullish sign. The pattern should be in order of 5 dema, 10 dema and 15 dema. So, how do you trade after understanding the entire...
Nifty Futures are at a very crucial support zone. I think we should buy if you can take a good risk for a good profit.
Weekly chart of Nifty50. The uptrend is clear and the support according to the weekly charts is 14470 levels. So we're already there. I am going to vote for No Trade today even though I really want to buy but the Covid scenes are bad as of now. Daily and Hourly chart study The major support is at 14264.40. This means 14250 levels. There is no proper support...
Script - Heidelberg Cement CMP - 238.70 Resistance - 244 (breakout level) Daily Charts Current pattern (if any) - A clear uptrend seen in line charts Candlestick Trend / Pattern - NA DMA - Bull MACD - Bull RSI - Bull Divergence - NA Hourly Charts Current pattern (if any) - Clear Ascending Triangle / Bull Candlestick Trend / Pattern - NA DMA - Bull / Neutral MACD...
Script - Nifty 50 CMP - 14683.50 Resistance - 14780 Daily Charts Current pattern (if any) - Looks like a symetrical triangle which is a bullish pattern Candlestick Trend / Pattern - NA DMA - Neutral MACD - Neutral / Bearish RSI - Neutral Divergence - NA Hourly Charts Current pattern (if any) - A small rounded bottom bull pattern Candlestick Trend / Pattern -...
Script - Reliance Infra CMP - 39.70 Resistance - 43 Daily Charts Current pattern (if any) - Higher top and higher bottom / bullish Candlestick Trend / Pattern - BE DMA - Bullish MACD - Bullish RSI - Bullish Divergence - NA Hourly Charts Current pattern (if any) - Bulish Reversal in an uptrend Candlestick Trend / Pattern - Green reversal candle followed by a...
Nifty 50 15m Chart (Intraday Views) Uptrend seems to be prominent. RSI is in the overbought range which means we may correct a little to gain balance before continuing with the uptrend MACD is giving mixed signals to we will ignore it. Buy on Dips 1h Charts (Short to Medium Term Views) Immediate support is at 14750 levels Immediate resistance is at 15000...
Nifty 50 Daily Charts (Medium to Long Term view) The current trend is sideways but I am unable to decide if the pattern I see is bearish or bullish. So then we move on to other indicators and my favorite is RSI RSI has a reversal and is moving upwards. We have to see if it maintains the upmove and crosses the 50 levels to be sure that Nifty 50 may be ready to...
Daily Charts (Medium to Long Term) RSI is still below 50 Candles are still below the 20 day moving average and the trenline Heikin Ashi is giving us some good signals as yesterday was a confirmation candle which indicates that the correction might just be over Market has been range bound between 14280 levels and 15350 levels since 11th Jan 21 so we cannot have an...
Nifty 50 Daily Charts (Long to Medium Term) RSI is below 50 levels and it clearly gives us a bearish signal. Nifty is taking a turn after breaking 2 trendlines which means that the markets may go either way. I couldn't get proper reading using candlesticks so I shifted to Heikin Ashi. The green candle which means that we may see a bull rally soon has been formed....
Bank of Baroda (NSE Cash) Hourly Charts (Medium to Short Term + Support and Resistance Levels) My first impression on looking at the hour charts is that this is a very weak stock at this level as I have drawn a clear downtrend line and the candles are not even trying to break this line as of now. Keeping the judgement aside, I will now get on to the reason of...
Axis Bank (NSE Cash) Daily Charts (Medium to Long Term) The candles have broken the trendline on 16th March 21. RSI too broke the 50 level but I wouldn't panic as yet because the RSI is showing a reversal. This means that Axis Bank may have corrected itself but it isn't weak on daily charts. There has been a lot of selling as well so we might see a bounce back...
Nifty 50 CMP 14604 Daily Chart (Medium to Long Term) The black line is called the simple trendline. I did not use the parallel trendlines as we already know that the markets are either at the lower support line or below it. The current scenario is that we have broken the trendline in the lower level but this doesn't mean that the trend has been changed. It means...
Nifty 50 Hourly Chart (Medium to Short term) We are very close to a very important support level of 14667. Tomorrow will be a crucial decider whether the downtrend will be broken or are we going towards 14200 levels. I am not being able to understand any patterns or trends in the current scenario and hence I will maintain my simple call of No Trade. If you are...
Axis Bank - CMP 736 Stop below 728 Target 750 & 758 Cup and Handle pattern made in RSI
Daily Chart (Medium to Long Term) The trend remains positive but it's just a notch away from breaking the trendline. 14745 is a crutial support if Nifty 50 decides to correct itself. The candle has closed below 20 VWMA and it needs to fight its way back up and above these levels. RSI here has taken support at the 50 levels and has tried to make a reversal. Let's...