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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Macdcrossover
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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NIFTY DAILY - 28/3/2024Another gap up opening of Index and highly volatile session, Index has made days high that is 22516 level, there was profit booking in last hours of trading.
Third green body shaven bottom candle is formed on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day.
Formation of last three candles are higher highs higher lows.
MACD is on an urge of Crossover. Candle is above 9 days Moving Average line on daily chart.
Today’s closing was below 22381 level so this will work as resistance with support of 22145 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 45
Decline - 5
FII Buy + 188.31 crore
DII Buy + 2619.52 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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CHF/JPY 4h heading to Monthly PivotLooking at the CHF/JPY pair on the 4-hour chart, there are some interesting signals popping up:
Bollinger Bands : The price appears to be bouncing off the lower Bollinger Band. This indicates potential support at that level, suggesting a possible reversal in the short term. Bollinger Bands are volatility bands placed above and below a moving average. The bands widen when volatility increases and narrow when volatility decreases. When the price touches or moves outside of the bands, it's considered significant, potentially signaling overbought or oversold conditions.
MACD (Moving Average Convergence Divergence) : The MACD line has crossed above the signal line. This crossover is often interpreted as a bullish signal, indicating that the momentum of the price action is shifting upward. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period EMA (Exponential Moving Average) from the 12-period EMA.
Considering these indicators, there's a suggestion that the price might continue to rise. The next notable level to watch out for is around the monthly pivot point at approximately 170.182. Pivot points are significant levels used by traders to determine potential support and resistance areas based on the previous period's high, low, and close prices.
With these signals in mind, it seems there's a bullish bias in the short term for CHF/JPY, with potential for a move towards the monthly pivot point.
Keep An Eye - COLPAL📊 Script: COLPAL
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Stock is under Consolidation Zone highlighted into chart breakout is above 2624 level.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade only above 2624.
BUY ONLY ABOVE 2624
⏱️ C.M.P 📑💰- 2606
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover Trade - PFC📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is trading at Middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 432
🟢 Target 🎯🏆 - 458
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Risky + Doble Digit - ALLCARGO📊 Script: ALLCARGO
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout if it.
📈 MACD is giving crossover .
📈 Right now RSI is around 63.
📈 Price increasing along with volume which indicate Volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 85
🟢 Target 🎯🏆 - 92
⚠️ Stoploss ☠️🚫 - 81
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 2/3/2024 - Special Trading Session Indian Benchmark open with huge gap up and bulls were aggressive throughout the session and not only made day high but also made another all-time high that is 224063.
Nifty has formed red body small candle.
MACD is giving crossover.
Next levels for nifty will be 22520 upsides and 22116 level downsides.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - NAM_IND📊 Script: NAM_INDIA
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 521
🟢 Target 🎯🏆 - 560
⚠️ Stoploss ☠️🚫 - 506
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - CENTURYTEX📊 Script: CENTURYTEX
📊 Sector: Paper
📊 Industry: Paper
Key highlights: 💡⚡
📈 Script is trading near at middle band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1491
🟢 Target 🎯🏆 - 1598
⚠️ Stoploss ☠️🚫 - 1438
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - IRCTC📊 Script: IRCTC
📊 Sector: Railways
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 968
🟢 Target 🎯🏆 - 1049
⚠️ Stoploss ☠️🚫 - 933
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Breakout On D/W/M Chart - ISEC📊 Script: ISEC
📊 Sector: Stock/ Commodity Brokers
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
📈 Trendline Breakout on Daily chart.
📈 Rounding Bottom Breakout Soon on Weekly Chart.
📈 Rounding Bottom Breakout Soon on Monthly Chart.
⏱️ C.M.P 📑💰- 841
🟢 Target 🎯🏆 - 905
⚠️ Stoploss ☠️🚫 - 808
⚠️ Important: Always maintain your Risk & Reward Ratio.
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MACD Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss ☠️🚫 - 462
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 16/2/2024One more gap up opening of Indian index.
Fourth winning strike of Bulls and started the day with positive momentum.
Index has formed small body green candle with upper and lower shadow on daily chart.
MACD is giving crossover which indicates bullishness into the market.
So further uptrend can be seen towards 22115 with support of 21893 level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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I love MACD but there's something fishy about 1268% Net Profit!Hey folks, posting this here for you to tinker with.
It's a simple trading strategy idea I have using the Moving Average Convergence Divergence (MACD) indicator for signals on when to enter and exit trades. Let's break down the key components of your strategy:
Inputs for MACD Calculation:
fastLength: The number of periods to use for the fast moving average in the MACD calculation. This is set to 2 periods by default.
slowLength: The number of periods for the slow moving average in the MACD calculation. This is set to 4 periods by default.
signalSmoothing: The number of periods for the signal line's smoothing. This is set to 2 periods by default.
MACD Calculation:
The ta.macd() function calculates the MACD line, signal line, and the MACD histogram (which you are not using, hence the underscore placeholder _).
The MACD line is the difference between the fast and slow moving averages.
The signal line is a smoothed version of the MACD line.
Trading Signals:
A buy signal (strategy.entry) is generated when the MACD line crosses above the signal line and the MACD line is above 0. This is interpreted as bullish momentum increasing.
A sell signal or exit signal (strategy.close) is generated when the MACD line crosses below the signal line. This is to close any open long position based on the assumption that the bullish momentum is weakening.
Plotting:
The strategy also includes commands to plot the MACD and signal lines on the chart for visual reference. The MACD line is in blue, and the signal line is in orange.
This strategy is overlayed on the price chart (overlay=true), which means you can see the buy and sell signals in conjunction with the price action.
The strategy is simple and only based on the MACD crossing signals without any other filters or risk management rules. It assumes that when the MACD line crosses above the signal line with positive momentum, it is a good time to enter a long position, and when it crosses below, it is time to exit.
Higher High Higher Lows - VARDHMAN ACRYLICS📊 Script: VARDHACRLC
📊 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 giving crossover.
📈 Right now RSI is around 67.
📈 Script is making Higher High Higher Lows as shown in chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 72
🟢 Target 🎯🏆 - 80
⚠️ Stoploss ☠️🚫 - 68
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 6/02/2024Indian indices open with negative note and made days low that is 21737.55 but after wards bull’s takeover the market and made days high that is 21951.40.
Index has form green body candle with upper and lower shadow which indicates Buyers were buying from lower end because lower shadow is long as compare to upper shadow.
MACD has given Crossover which shows bullishness into market.
Candle is trading above on 20 days SMA line. we may see bullish run till 22124 with support of 21893 level.
Risky Double Digit - CENTRUM 📊 Script: CENTRUM
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which indicates volume breakout.
📈 Right now RSI is around 68.
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 37.65
🟢 Target 🎯🏆 - 45
⚠️ Stoploss ☠️🚫 - 35
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Volume Breakout + Double Digit Stock - HATHWAY📊 Script: Hathway
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages crossover soon.
📈 Volume is increasing along with price which indicates volume breakout
📈 Right now RSI is around 70..
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 26
🟢 Target 🎯🏆 - 36
⚠️ Stoploss ☠️🚫 - 21
⚠️ Important: Always maintain your Risk & Reward Ratio.
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XPTUSD (Platinum) Trend Reversal ahead!Platinum is a rare but highly interesting metal, well suited for many use-cases.
One use-case might be to open a short position.
For about a week, OANDA:XPTUSD has formed higher lows on the 4h chart.
On the other hand - momentum fell on Wednesday, then rose again but then took another dip.
As a result of rising prices and falling momentum, we have a bearish divergence situation.
This bearish divergence is an indication of a potential trend reversal.
There are two indicators that support the hypothesis of a trend reversal:
RSI was overbought and now keeps falling
MACD is about to cross the signal line
Of course, there's no guarantee but there are at least 3 signs (divergence, RSI oversold, MACD crossover) that usually occur when a trend is about to reverse.
The profit target is the weekly pivot at around 903.232
PLTR looking for a breakout1. Price Performance:
NYSE:PLTR has demonstrated a consistent upward trend, yielding over 10% gains since September lows.
Notably, the stock has established higher lows, indicating a potential bullish trajectory.
2. Technical Analysis:
The stock is currently approaching a key point, poised to break out of a triangular formation.
Safe traders may opt to await confirmation through a breakout, while risk-tolerant investors may consider entering early.
3. Technical Indicators:
A significant bullish signal is evident with a recent MACD crossover, aligning with positive trends observed in historical data.
By combining these factors, NYSE:PLTR presents an intriguing opportunity for investors, with both the price action and technical indicators suggesting a favorable outlook.