Double Bottom Breakout - Keep An Eye - SCI📊 Script: SCI
📊 Sector: Shipping
📊 Industry: Shipping
Key highlights: 💡⚡
📈 Script is going to give breakout of Double Bottom on daily chart keep an eye on stock, breakout is above 235.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 61.
📈 One can go for Swing Trade.
BUY ONLY ABOVE 235
⏱️ C.M.P 📑💰- 232
🟢 Target 🎯🏆 - 254
⚠️ Stoploss ☠️🚫 - 223
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Macdcrossover
NIFTY DAILY - 17/5/2024Nifty opens with gap up and traded range bound throughout the trading sessions.
Index made days high which is 22502.
Nifty has formed a small body bullish candle on daily chart with upper and lower shadow.
MACD is on urge of Crossover.
Nifty is able to hold above 22400 so next resistance can be 22556 level with support of 22286 level.
Bank Nifty levels
Support – 47876 Resistance – 48527
Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23
FII Buy + 1616.79 crores
DII Buy + 1556.25 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MACD Crossover Swing Trade📊 Script: ADANIPOWER
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 628
🟢 Target 🎯🏆 - 668
⚠️ Stoploss ☠️🚫 - 611
📊 Script: HUDCO
📊 Sector: Finance
📊 Industry: Finance - Housing
⏱️ C.M.P 📑💰- 233
🟢 Target 🎯🏆 - 246
⚠️ Stoploss ☠️🚫 - 228
📊 Script: JSWINFRA
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 259
🟢 Target 🎯🏆 - 278
⚠️ Stoploss ☠️🚫 - 250
📊 Script: METROBRAND
📊 Sector: Leather
📊 Industry: Leather / Leather Products
⏱️ C.M.P 📑💰- 1081
🟢 Target 🎯🏆 - 1153
⚠️ Stoploss ☠️🚫 - 1044
📊 Script: HBLPOWER
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
⏱️ C.M.P 📑💰- 521
🟢 Target 🎯🏆 - 559
⚠️ Stoploss ☠️🚫 - 504
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MACD Crossover Swing Trade📊 Script: GODREJPROP
📊 Sector: Realty
📊 Industry: Construction
⏱️ C.M.P 📑💰- 2842
🟢 Target 🎯🏆 - 3009
⚠️ Stoploss ☠️🚫 - 2756
📊 Script: ASAHIINDIA
📊 Sector: Glass & Glass Products
📊 Industry: Glass & Glass Products
⏱️ C.M.P 📑💰- 640
🟢 Target 🎯🏆 - 671
⚠️ Stoploss ☠️🚫 - 621
📊 Script: NH
📊 Sector: Healthcare
📊 Industry: Healthcare
⏱️ C.M.P 📑💰- 1265
🟢 Target 🎯🏆 - 1343
⚠️ Stoploss ☠️🚫 - 1247
📊 Script: TRITURBINE
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
⏱️ C.M.P 📑💰- 569
🟢 Target 🎯🏆 - 609
⚠️ Stoploss ☠️🚫 - 563
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - TRITURBINE📊 Script: TRITURBINE
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages also giving Crossover.
📈 Right now RSI is around 71.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 537
🟢 Target 🎯🏆 - 591
⚠️ Stoploss ☠️🚫 - 507
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Technicals Made Easy: Technical Dissection of Nifty Hourly ChartIn The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts.
1) Channel Top.
2) Channel Bottom.
3) Mid Channel.
Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel will act as support or resistance depending on where the candles are. If the candles are below the mid-line, the line will act as resistance. If the candles are above the mid-line, the line will act as support.
Similarly the 50 and 200 EMA (Mother and Father lines) have similar characteristics. If the candles are below respective Mother and father line, the lines will act as resistance. If the candles are above the EMAs the EMAs will act as supports.
In the chart we also see negative MACD crossover at one particular point and candles behaving bearishly after the same. Similarly after a positive MACD crossover the candles might behave bullishly.
Technical analysis is simple process by which you try to study the combined psychology of overall investors and how they behave at particular levels. Technical analysis in other words is graphical representation of behavioural patterns of investors, keeping historical data at the core of decision making. It is also science and not some wizardry or magic. In case you want to learn more about Technical or Techno-Funda analysis you can leave a comment below.
Triple Top Breakout - RECLTD 📊 Script: REC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Top pattern of daily chart with volume.
📈 Today was the result date and numbers are pretty good.
📈 Trading at upper band of Bollinger band and giving breakout of it.
📈 MACD and Double Moving Averages are giving Crossover.
📈 RSI is around 70.
📈 Initially we may see some profit booking because stock was up almost 10%.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 551
⚠️ Stoploss ☠️🚫 - 488
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 20/04/2024Nifty opens with positive note and recover pervious days loss.
Index was bullish throughout the trading session. Nifty made days high of 22655 with 223 points up which is almost 1%.
(Bank Nifty hits Record high that is 49473).
Nifty has formed a big green body candle with small upper and lower shadow.
MACD is giving crossover. Nifty has broken the resistance of 22562 level so, further resistance will be 22700 level with support of 22425.
Today’s Advance Decline ratio of NIFTY50
Advance - 32
Decline - 18
FII Buy + 169.09 crores
DII Buy + 692.05 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MACD Crossover - INDIGO📊 Script: INDIGO
📊 Sector: Air Transport Service
📊 Industry: Transport - Airlines
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3179
🟢 Target 🎯🏆 - 3385
⚠️ Stoploss ☠️🚫 - 3072
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 25/4/2024Nifty opens gap down but bulls stretch their arms for yet another session and made days high that is 22625.
Nifty was up almost 200+ points, at closing time nifty was up by 167 points which is 0.75%.
Index has formed a big green body candle with upper shadow on daily chart which indicates participants were buying from days lower level.
Candle is 90% above the 9 Days Exponential Moving Average Line.
MACD is on urge of Crossover. Nifty has broken the resistance of 22242 level so, further resistance will be 22700 level with support of 22425.
Today’s Advance Decline ratio of NIFTY50
Advance - 40
Decline - 10
FII Sell – 2823.33 crores
DII Buy + 6167.56 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Triple Bottom Breakout - Keep An Eye - BANKINDIA📊 Script: BANKINDIA
📊 Sector: Banks
📊 Industry: Banks - Public Sector
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Bottom on daily chart.
📈 Stock was facing resistance at 149 level, today it has given breakout and closed at 150, keep an eye on stock it may give good rally.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 150
🟢 Target 🎯🏆 - 161
⚠️ Stoploss ☠️🚫 - 144
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Symmetrical Triangle Breakout - NETWEB📊 Script: NETWEB
📊 Sector: IT - Software
📊 Industry: Computers - Software - Medium / Small
Key highlights: 💡⚡
📈 Script is giving Symmetrical Triangle Breakout on 18th April but there was no rally todays candle is giving breakout of that little consolidation so we may see some good rally.
📈 Script is trading at upper band of BB.
📈 MACD & Double Moving Averages are giving crossover .
📈 Right now RSI is around 61.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1730
🟢 Target 🎯🏆 - 1890
⚠️ Stoploss ☠️🚫 - 1664
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Volume Breakout - Crossover Trade - MRPL📊 Script: MRPL
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages are giving crossover.
📈 Stock is moving along with volume which indicates Volume Breakout.
📈 Script may give some profit booking initially because today stock was up by almost 11%.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 248
🟢 Target 🎯🏆 - 280
⚠️ Stoploss ☠️🚫 - 236
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover Trade - TEXRAIL📊 Script: TEXRAIL
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 57.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 178
🟢 Target 🎯🏆 - 197
⚠️ Stoploss ☠️🚫 - 170
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Double Bottom Breakout - VAIBHAVGBL📊 Script: VAIBHAVGBL
📊 Sector: Diamond, Gems and Jewellery
📊 Industry: Diamond Cutting / Jewellery
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it .
📈 Script is giving Double Bottom Breakout we may see some good rally.
📈 Already crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Script may give some profit booking initially because today stock was up by almost 7.50%.
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 407
🟢 Target 🎯🏆 - 447
⚠️ Stoploss ☠️🚫 - 389
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MACD Crossover Swing Trade📊 Script: HINDUNILVR
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
⏱️ C.M.P 📑💰- 2231
🟢 Target 🎯🏆 - 2362
⚠️ Stoploss ☠️🚫 - 2172
📊 Script: KPIL
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Transmission Line Towers / Equipment
⏱️ C.M.P 📑💰- 1206
🟢 Target 🎯🏆 - 1272
⚠️ Stoploss ☠️🚫 - 1176
📊 Script: CHENNPETRO
📊 Sector: Refineries
📊 Industry: Refineries
⏱️ C.M.P 📑💰- 942
🟢 Target 🎯🏆 - 999
⚠️ Stoploss ☠️🚫 - 912
📊 Script: POWERGRID
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 281
🟢 Target 🎯🏆 - 298
⚠️ Stoploss ☠️🚫 - 272
📊 Script: NATCOPHARM
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 999
🟢 Target 🎯🏆 - 1069
⚠️ Stoploss ☠️🚫 - 965
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MACD Crossover Swing Trade📊 Script: NESTLEIND
📊 Nifty50 Stock: YES
📊 Sector: FMCG
📊 Industry: Food - Processing - MNC
⏱️ C.M.P 📑💰- 2622
🟢 Target 🎯🏆 - 2769
⚠️ Stoploss ☠️🚫 - 2560
📊 Script: ADANIPORTS
📊 Nifty50 Stock: YES
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 1341
🟢 Target 🎯🏆 - 1426
⚠️ Stoploss ☠️🚫 - 1293
📊 Script: HEROMOTOCO
📊 Nifty50 Stock: YES
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
⏱️ C.M.P 📑💰- 4722
🟢 Target 🎯🏆 - 4949
⚠️ Stoploss ☠️🚫 - 4597
📊 Script: AMBUJACEM
📊 Nifty50 Stock: NO
📊 Sector: Cement
📊 Industry: Cement - North India
⏱️ C.M.P 📑💰- 612
🟢 Target 🎯🏆 - 650
⚠️ Stoploss ☠️🚫 - 592
📊 Script: BERGEPAINT
📊 Nifty50 Stock: NO
📊 Sector: Paints/Varnish
📊 Industry: Paints / Varnishes
⏱️ C.M.P 📑💰- 573
🟢 Target 🎯🏆 - 603
⚠️ Stoploss ☠️🚫 - 558
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover Trade - SOLARA📊 Script: SOLARA
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 61.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 440
🟢 Target 🎯🏆 - 474
⚠️ Stoploss ☠️🚫 - 425
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Positional Trade - ITI📊 Script: ITI
📊 Sector: Telecomm Equipment & Infra Services
📊 Industry: Telecommunications - Equipment
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages are giving crossover.
📈 Stock is Moving along with Volume so there is volume breakout also, we may see some profit booking because today stock was up by almost 12%.
📈 Right now RSI is around 55.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 279
🟢 Target 🎯🏆 - 324
⚠️ Stoploss ☠️🚫 - 256
⚠️ Important: Always maintain your Risk & Reward Ratio.
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AUDCHF 4H Analysis: Bearish DivergenceAUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge.
The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum, urging traders to stay vigilant.
Further signaling a potential shift, the Moving Average Convergence Divergence (MACD) teeters on a bearish crossover . Such a move could forecast a momentum downturn.
Additionally, an untouched monthly pivot at 0.58496 beckons, potentially drawing prices down in a correction.
Compounding the cautious outlook, the Relative Strength Index (RSI) retreats from overbought territory , aligning with indicators suggesting a cooling phase may be on the horizon.
In essence, while the bullish trend above the R1 pivot indicates strength, emerging signals from CCI, MACD, and RSI suggest a momentum shift, with a pullback to 0.58496 as a conceivable target. Traders should monitor these developments closely and adjust strategies accordingly.
Krispy Cream Donut Weekly God Candle Has me lookingHi guys. Always on the lookout for major changes/shifts or Macro signals. Yesterdays 40% increase in Krispy Cream Donuts, has me taking a look into this one.
This analysis is on the 1 week. Note, the current candle is not yet confirmed. Weekly close is obviously on fridays.
I have highlighted 2 zones. COnsolidation range and a Supply zone. We do need to pay attention to these 2 ranges.
BEcause atleast from previous history the supply zone is a resistance zone and thus a sell area. We would need decisive candle closes ABOVE for multi weeks for me to gain confidence that it has flipped to Demand or Support.
Same goes for breaking out of the consolidation range. More info is needed such as confirmation.
But nevertheless, What had me looking DNUT's way, was candle moving past the major resistance trendline that has haunted us since the stock being traded publically.
I would like to note on the weekly timeframe, confirmations have not come in yet, and until proven otherwise it can be a fakeout and can always come back into the consolidation zone. AGAIN, End of week will give us better information.
But it does not take away the fact that DNUT is moving. And atleast for now, DEMAND exists.
VOLUME needs to follow with continued increase.
Things to note in our indicators:
RSI, breaking a major trend by signaling a higher high. But again end of week will clarify this. If it prints, i see it as a positive sign.
STOCH RSI - crossing bullish with is almost above 20 lvl. This indicates possibility of momentum coming in to support an uptrend.
MACD - Has Bullish cross, however we need to see whether or not we can get ABOVE 0 lvl. This would indicate a high probability for a sustainable uptrend.
Being that this weeks candle has not yet closed. It is absolutely important to continue to observe. But DNUT has made it to my watchlist for sure.
Is Krispy Cream Donuts, the Donut for me and you? Well time will tell. LOL.
__________________________________________________________________________________
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Crossover Trade - NTPC📊 Script: NTPC
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 Already crossover MACD.
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 351
🟢 Target 🎯🏆 - 374
⚠️ Stoploss ☠️🚫 - 343
⚠️ Important: Always maintain your Risk & Reward Ratio.
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AVAX/USD 2h: just a few pips, but there's money on the tableThe AVAX/USD pair exhibits promising signs of an upward trajectory on the 2-hour chart, marked by key technical indicators. Initially, a regular bullish divergence was spotted, a reliable harbinger of potential reversal. This divergence occurs when the price charts lower lows while the RSI (Relative Strength Index), an oscillator measuring the momentum and possible trend reversals, shows higher lows. This discrepancy signals weakening downward momentum, suggesting that buyers are gradually gaining ground.
Complementing this bullish signal, the MACD (Moving Average Convergence Divergence) indicator, a tool used to identify trend direction and momentum, crossed above its signal line prior to the divergence. Currently, the MACD and its signal line are advancing in parallel, reinforcing the bullish momentum .
With these technical indicators in alignment, the price has commenced its upward movement. The immediate profit target is set at the monthly pivot point of $51.51 , serving as the next significant resistance level. Traders should monitor these levels closely, as a sustained move above could further validate the bullish outlook for AVAX/USD.
In conclusion, the convergence of bullish divergence and a favorable MACD configuration offers a compelling case for an impending uptrend. Investors should consider these technical signals in their trading strategy, keeping an eye on the pivotal $51.51 level for potential profit-taking opportunities.