Prataap snacks Ltd - MACD CROSSOVER 📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Moving Average Convergence / Divergence (MACD)
Possible For Gold To Turn Lower Again?D1 chart is still bearish despite yesterday spike. From lower TF chart m15, just now the chikou below the cloud and the candle currently running below the cloud. It is bearish indication. Stop for this trade is around 1730. With the potential target profit around 1710-1712
OXY SHORT after bouncing down from All Time ResistanceOXY as shown on the chart is still in a megaphone pattern.
Horizontal resistance red line is the all time highs of Spring 2018.
In the past several trading sessions, spot oil has dropped from $96 to $87.
The MACD indicator which is lagging shows the K / D cross over the histogram.
Accordingly, OXY is now trending downward to the mid-Fibonacci retracement levels
and the confluence of the mid-line of the megaphone pattern.
This appears to be a safe short trade setup especially now that the buying
pressure of Mr. Buffet has subsided.
IS RIDE heading up hill (LONG)RIDE has finished a downtrend the past ten trading days
and now appears to a retracing that downtrend.
The upside here is about 16% to the mid Fibonacci level.
The MACD shows an early K / D line crossover as a lagging
indicator.
The RSI is in midrange being neither oversold or overbought.
I see this as a setup to trade a swing long trade or a call option
for a 4 week expiration at a price 5-10 % above the current
market price. NASDAQ:RIDE
TSLA Early BULL Signal on RSI / MACDNASDAQ:TSLA
On the 1H timeframe chart, TSLA is showing an early reversal as follows:
(1) It is ascending in a downtrend parallel channel
(2) On the MACD, the signal line is below the histogram, and
the K & D lines are converging on this lagging indicator.
The histogram bars are decreasing in negative height.
(3) the color-coded RSI candle indicator shows bullish engulfing
strength candles.
All in all, I see technical signs of a reversal as described here
SPX500 summary 11 August 2022Is this a shooting start on daily chart?
The market reached 4250 and, as expected, was rejected.
It’s still holiding above 200EMA, so it might be here for a while.
I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet.
Trading is risky, please do your own market analisys before entering the market.
GBPJPY Back Below 160 PotentiallyAnd the CPI just drives GBPJPY break the trend line. And potentially I see this could head below 160 level, possibly around 157-158 area. Macd is supporting the view at the moment, there is cross over to downward and the histogram is currently below 0 level. My stop would be somewhere ABOVE 164.126. Manage ur risk:reward minimum 1:1.5. Trade well and wisely. 🙏🙏🙏
Confirmation for oil from m30We get confirmation from lower time frame. Yesterday's rally I didn't sell oil.
M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo.
Pay attention to the 2 tp zones I defined. Trade well and wisely.
UsdChf If Breakout = Rally To The UpsideThere is potential long for usdchf if the price is able to break above the upper trend chanel. The requirement would be bullish engulfing candle to ensure the moment is strong to the upside rally. I also mention the potential taking profit area. There are 3 areas.
Manage ur trade mate. Trade well and wisely.
GBPAUD Drop For Buying?Interesting to see GBPAUD D1 chart. We've been at ranging market for couple months. I spot divergence which are shown not only by MACD but RSI as well. Possibly it is indicating buy opportunity around the blue rectangle zone. Then the take profit target is the green rectangle zone.
Trade well and wisely. 🙏🙏🙏
AUDUSD (STILL) BEARISH. SELL THE RALLYIf we see from D1 chart it is still overall bearish. Even lower time frame indicate bullish mode. I wpuld prefer to sell the rally as I have defined the area as selling zone. The downside target is the rectangle I put below. 0.6732-0.6681.
Trade well and wisely. 🙏🙏🙏
Gold To Revisit 2021 Flash Crash Low?Daily chart is obviously bearish. But if u examine lower time frame 15mins, 30 mins both are indicating fresh selling pressure. Possibly we would see gold to revisit low of 2022 flash crash, 1687. The risk would be somewhere abovr 1720-1725.
Trade well and wisely. 🙏🙏🙏🙏
Reversal likely to hold up #SPX $SPY $RSP I expect some continuation from this recent rally. The percentage of SPX stocks trading above their 50-day MA is now bouncing from being too far below the lower band of the channel I have defined.
Annotated on the chart are the previous times it significantly breached the lower band.
MACD histogram turning green with MACD line curling up for a cross. RSI bounced and has some momentum. Next test at 50.
Bar some terrible news from Ukraine or Taiwan, we should see some of this momentum carry the market higher. For how long? Unclear. I would like to see $RSP start to outperform $SPY to signify broad strength opposed to a few names carrying the entire index (not sustainable or healthy).