Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.
Hi All, Its just couple of trendlines drawn over the highs & lows..nothing fancy here. SBIN is ranging for past few days so we are expecting breakout(expansion) soon, so whichever the direction breakout happens enter with proper stops. Being expiry day today it may give false breakout so be stingy about your stops.The same setup is forming in SBIN hourly...
After today's strong breakout at 420 levels and managing to close above that levels provide us a strong bullish signal on its price action. I believe now the price action will move towards the next resistance levels in next few weeks. It is a good time to enter with the reward risk ratio of 1:3 Target 1: 452 Target 2: 470 SL 1: 400
NSE:BANKNIFTY Bank nifty is facing strong resistance at the midline of long term channel. Also, most private banks are close to completing their long term tops. Read here:https://www.tradingview.com/chart/HDFCBANK/IozqHcfE-HDFC-Bank-Approaching-Long-term-top/ We might see some retracement towards 18900 levels early next week, which should be a good level for...
BankNifty seems to have finally broken the steep trendline ( terrific trade that was) This calls for a potential test of the retracements or upto 18500 zones or so with the top today as a low risk stoploss
Coming back to the scrips which we keep close to our hearts - Yep, Nifty's.... We have bullish bat pattern formation which is currently in C to D move, so once the move gets completed at D point we can Initiate long positions in Nifty. The other blue lines going around chart are the idea posted on higher timeframe(4h) lastweek.. that idea is still valid. But here...
NIFTY has continued the strong upmove and continued to sustain above key levels. On an immediate basis NIFTY has a key level at 8560 spot.Until it sustains above it the upmove looks intact for 8670 spot. On the downside any move below 8560 can give a good contrarian short opportunity to test 8450 odd levels. Lot of key events which can make the markets...
EMA - 20-50-100 very narrow and taking Bounce back in LONG trend RSI - almost reversed from over sold price MACD - BULLISH Crossover and below 0.00 means having 15% scope in upward direction. it can be really good buy.
EMA - 20-50-100 will come in sequence as 20 is crossing 50 price will take support of 5/6 RSI - enough space available to move upwards so 8-10% movement possible MACD - BULLISH crossover just above 0.00 means atleast 5-7% movement is possible in LONG Direction
EMA - 20-50-100 narrow gap between all EMA's RSI - good space for upward movement MACD - below 0 and BULLISH cross over and we can expect upt 8-10% movement in LONG direction.
EMA - 50 Crossed 100 that means price will take support of 20 EMA i.e. future buy expected between 313-316 RSI - enough upward space for 5% movement upwards MACD - is above 0.00 and BULLISH we can expect less i.e. alteast 5% upward movement confirmed otherwise we would have expected 15% movement it this cross over would have happened below 0.00
EMA 20,50,100 - Narrow gap between all EMA RSI - in Range and good scope for price to move upwards MACD - BULL Cross Over
RSI below 70 MACD CROSS OVER EMA 20,50,100 Crossed and Inline
NIFTY Futures managed a sharp pull back after touching the support zones of 8340 odd levels. On the upside targets now remain at 8520 odd levels. Today's Gap low can be an immediate support below it this can be considered for gap filling. Swing upsides now emerge at 8650 odd levels with base continuing to be at 8350
Pfc has broken out of it's trading range with huge volumes and continued buying interest. Similar story with REC
Shorting auro pharma near 790 level gives a great entry and good risk to reward