Crossover Trade - NMDC📊 Script: NMDC
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 Already Crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 57.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 224
🟢 Target 🎯🏆 - 243
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Macdcrossover
Descending Triangle Breakout - MAHLOG📊 Script: MAHLOG
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart.
📈 It is trading at upper band of BB and giving breakout of it.
📈 Already Crossover into MACD.
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
Weekly Chart
⏱️ C.M.P 📑💰- 444
🟢 Target 🎯🏆 - 485
⚠️ Stoploss ☠️🚫 - 428
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Double Bottom Neckline Breakout - EICHERMOT📊 Script: EICHERMOT
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
Key highlights: 💡⚡
📈 Script is trading near Double Bottom Neckline which is resistance level 4010, and giving breakout of it.
📈 MACD and Double Moving Averages are giving crossover.
📈 RSI is around 61.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4019
🟢 Target 🎯🏆 - 4200
⚠️ Stoploss ☠️🚫 - 3921
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Rumble (RUM) Macro developments found looking like a solid buyHi guys. As always, im on the lookout for macro developments or signals found in assets. Which pose for high probability/ best scenario for taking positions.
Rumble (RUM) is on my radar for this idea post.
My analysis is on the 1 week timeframe.
As you can see RUM has been in a Descending channel since Feb 2022.
Recently we reached the bottom of the channel at 3.43 level. And began our recent rally.
We are as of now, in the process of breaking out of this Descending channel.
This is HUGE. The trend is beginning to shift in RUM. So we can call it a trend change attempt.
If we can confirm out of this Descending Channel. This is extremely bullish in my opinion for RUM.
It will negate the downtrend and give a sign that we may now be starting an uptrend in RUM, marking a bottom as well.
VOlume looks great with an increase.
Our MACD indicator is also giving signs of an Uptrend. With a bull cross ABOVE the 0 lvl indicating great opportunity as long as we continue this MACD trend.
Target 1 is around the $10.00
Target 2 is around $12.00
Double Digit Stock - HFCL📊 Script: HFCL
📊 Sector: Infrastructure Developers & Operators
📊 Industry: Engineering - Turnkey Services
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 53.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 99
🟢 Target 🎯🏆 - 109
⚠️ Stoploss ☠️🚫 - 94
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Double Digit Stock - EASEMYTRIP📊 Script: EASEMYTRIP
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 54.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 46
🟢 Target 🎯🏆 - 51
⚠️ Stoploss ☠️🚫 - 43
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Just A View - SBICARD📊 Script: SBICARD
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near it's support level.
📈 We may see some good rally into this stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 730
🟢 Target 🎯🏆 - 778
⚠️ Stoploss ☠️🚫 - 712
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover Trade - NBCC📊 Script: NBCC
📊 Sector: Miscellaneous
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving averages are giving crossover.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 138
🟢 Target 🎯🏆 - 149
⚠️ Stoploss ☠️🚫 - 132
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Bearish Divergence on the CADCHF 4h ChartBearish Divergence with CCI (Commodity Channel Index)
A bearish divergence occurs when the price is making higher highs (indicating bullish sentiment), but the CCI, which measures the variation of a security's price from its statistical mean, is making lower highs. This discrepancy can signal weakening momentum in the upward price movement, suggesting a potential reversal or pullback.
In this case, this divergence on the 4h chart indicates that despite the price climbing, the momentum behind this rise is fading, hinting at a possible downturn.
MACD (Moving Average Convergence Divergence) Crossing Down
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. A downward cross, where the MACD line crosses below the signal line, is a bearish signal. It suggests that the short-term momentum is slowing down compared to the long-term momentum, reinforcing the bearish sentiment indicated by the
bearish divergence in the CCI.
Price Touching the Upper Bollinger Band
This suggests the market might be in an overbought condition, especially in the context of the bearish divergence with the CCI and the MACD crossing down. When the price hits the upper band, it's common for traders to expect a retracement or reversal, as the market could be seen as stretched too far to the upside.
Price Ranging Above an Untouched Weekly Pivot Point
Pivot points are used to identify potential support and resistance levels. The fact that the price is ranging above the weekly pivot point and hasn't touched it yet indicates that this level could act as a target for the downward movement. Pivot points are often considered floors or ceilings in market price movements, with the price making significant moves upon reaching these points.
Potential Drop to the Weekly Pivot Point at 0.66417
Considering the bearish signals from both the CCI divergence and the MACD crossover, along with the price's current position above an untouched pivot point, the analysis suggests that there's potential for a downward move towards the weekly pivot point at 0.66417. This level could serve as a short-term objective for bears in the market or a reversal point for traders to watch closely.
Summary
This analysis points to a cautious stance for traders, with a bearish outlook in the short term based on the technical indicators that were highlighted. It would be wise to monitor these indicators closely, along with other market factors, to confirm any potential moves before making trading decisions.
Always remember, while technical analysis can provide insights into market movements, it's crucial to consider a wide range of factors, including market news and economic indicators, before trading.
Keep An Eye - IPCALAB📊 Script: IPCALAB
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Keep An Eye on Script, it is trading near its resistance level which is 1248 and may give breakout of it.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages are also giving crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade only above 1248 level.
BUY ONLY ABOVE 1248
⏱️ C.M.P 📑💰- 1237
🟢 Target 🎯🏆 - 1317
⚠️ Stoploss ☠️🚫 - 1198
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 4/4/2024Nifty opens hug gap up and broke three days consolidation strike.
Nifty has made record high of 22619 level but didn’t survive at top.
Bear took charge and made days low of 22303 level, nifty recover almost in last couple of hours. Nifty has formed a big red body candle with long lower shadow, which indicates buyer were buying from lower ends. MACD is giving crossover.
Nifty is able to hold above 22500 level, to start next bounce towards 22520 and 22720 whereas support exists at 22404 levels.
Today’s Advance Decline ratio of NIFTY50
Advance - 31
Decline - 19
FII Sell – 1136.47 crore
DII Buy – 893.11 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Keep An Eye - Consolidation Breakout Soon - VBL📊 Script: VBL
📊 Sector: FMCG
📊 Industry: Food - Processing - Indian
Key highlights: 💡⚡
📈 Script is trading near its resistance level which is 1477.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving Average are giving crossover .
📈 Right now RSI is around 62.
📈 One can go for Swing Trade only above 1477.
BUY ONLY ABOVE 1477
⏱️ C.M.P 📑💰- 1475
🟢 Target 🎯🏆 - 1561
⚠️ Stoploss ☠️🚫 - 1433
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Multiple Indicators - FINPIPE📊 Script: FINPIPE
📊 Sector: Plastic products
📊 Industry: Plastic products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 235
🟢 Target 🎯🏆 - 260
⚠️ Stoploss ☠️🚫 - 222
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - REDINGTON📊 Script: REDINGTON
📊 Sector: Trading
📊 Industry: Trading
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.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 222
🟢 Target 🎯🏆 - 235
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Just A View - Channel Breakout Soon - JINDALSTEL📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is moving from it's support level (posted earlier).
📈 Script was trying to give upward moving channel breakout today but selling pressure came from top.
📈 MACD is giving Crossover.
📈 Double Moving Averages are on urge or Crossover
📈 One can go for Breakout Swing Trade only above 860.
📈 One can take risky trade of 30 points also as breakout is above 860.
⏱️ C.M.P 📑💰- 837
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Moving Averages Crossover - BEL📊 Script: BEL
📊 Sector: Aerospace & Defence
📊 Industry: Electronics - Components
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 Already crossover in MACD .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 194
🟢 Target 🎯🏆 - 219
⚠️ Stoploss ☠️🚫 - 183
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Just A View - ORIENTCEM📊 Script: ORIENTCEM
📊 Sector: Cement
📊 Industry: Cement - South India
Key highlights: 💡⚡
📈 Script has taken support at 195 level and started moving upward we may see 229 level.
📈 MACD is giving Crossover
⏱️ C.M.P 📑💰- 213
🟢 Target 🎯🏆 - 229
⚠️ Stoploss ☠️🚫 - 205
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 1/4/2024Third winning strike of bulls and Nifty hit records high which is 22529 level.
Nifty open with a gap up but there was some profit booking from top.
Nifty has formed Gravestone Doji candle on daily chart.
(Tomorrow nifty should remain positive for bullish momentum or else we may see bearish sentiments into the market – personal opinion).
MACD is giving Bullish Crossover. So, further levels for nifty will be 22336 will work as support level and 22520 will work as resistance level.
Today’s Advance Decline ratio of NIFTY50
Advance - 31
Decline - 18
FII Sell – 522.30 crore
DII Buy + 1208.42 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Bearish Signals on 4H GBP/CHFMACD and Signal Line Down-Cross
The Moving Average Convergence Divergence (MACD) indicator is nearing a down-cross of its signal line. This is traditionally seen as a bearish signal, suggesting that downward momentum is increasing, and traders might anticipate a potential decline in the GBP/CHF pair. The MACD measures the momentum by comparing two moving averages of the price, and a cross below the signal line can indicate that it's a good time to consider short positions.
Higher-Highs with Descending CCI
There are two occurrences of two consecutive candles forming higher highs, a bullish signal, but this is contrasted with the Commodity Channel Index (CCI) descending during the same four-candle period. The CCI is used to identify overbought and oversold levels. A descending CCI during a period of price increase can indicate weakening momentum in the upward move and might suggest a reversal or pullback is on the horizon, especially if the CCI moves from above 100 to below it, indicating the end of overbought conditions.
Resistance Levels and Bounces
The GBP/CHF price action showing a bounce off the weekly pivot's resistance level R1 and the upper band of the Bollinger Band (coinciding at R1) further supports the case for a potential reversal. The resistance level R1 acts as a ceiling that price struggles to break through, and the Bollinger Bands are used to measure volatility and overbought or oversold conditions. A price rejecting off the upper Bollinger Band typically suggests that the asset is overbought, and a retracement could be imminent.
Towards the Weekly Pivot
Considering the confluence of bearish signals—MACD down-cross, divergent CCI during higher highs, and significant resistance at R1 coinciding with the upper Bollinger Band—there's a strong case that the price might retreat towards the weekly pivot level at 1.13357. This level acts as a gravitational center for the price and could serve as the next target for a downward move.
In summary , the GBP/CHF 4-hour chart analysis points to a possible retracement from current levels with the weekly pivot at 1.13357 as a plausible short-term target. As always, while technical analysis can provide guidance, it's crucial to consider other factors such as market news, economic indicators, and broader market sentiment before making trading decisions.
MACD Crossover - HINDCOPPER📊 Script: HINDCOPPER
📊 Sector: Non Ferrous Metals
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is trading near at middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 281
🟢 Target 🎯🏆 - 306
⚠️ Stoploss ☠️🚫 - 269
⚠️ Important: Always maintain your Risk & Reward Ratio.
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TATA STOCK - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
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 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Swing Trade - GRASIM📊 Script: GRASIM
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
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.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2287
🟢 Target 🎯🏆 - 2410
⚠️ Stoploss ☠️🚫 - 2241
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Swing Trade - SONACOMS📊 Script: SONACOMS
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 705
🟢 Target 🎯🏆 - 750
⚠️ Stoploss ☠️🚫 - 683
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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