AS YOU CAN SEE THE CHART IS WEAK AS PER EMA BEARISH CROSSOVER IN SEPTEMBER MONTH AND RESULTS ARE ALSO WEAK STILL NOT HAVE STRENGTH IN TATA STEE BUT DUE TO THE UK PM CHANGE AND MARKET CAP OF TATA IS SHOWING SOME BUYING. WE CAN SAY CHANGE WILL COME IN INDIAN STOCK LIKE TATA DUE TO (Rishi Sunak Ji) NEW PM OF UK SYMMETRICAL TRIANGLE PATTERN 1st swing is broken with...
Hello and welcome to this analysis CNX 500 after a very lengthy period of sideways correction that started in OCT 2021 has shown a very strong reversal in APRIL 2023. The relative strength chart has now given a fresh signal of further strengthening of CNX 500 over NIFTY, suggesting that CNX 500 stocks shall outperform NIFTY stocks for quite some time. It also...
Fundamentals The fundamentals are obviously strong after the last year and a half The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc. Valuation is still low , just like the wider energy market, due to ESG reasons and just a general...
Here is a fun new way to view the RSI. A new TradingView Indicator for you RSI enthusiasts. This is the Honey Chai RSI Indicator. This indicator combines the RSI oscillator with additional features to enhance its functionality and visual study. The purpose of this indicator is to provide a more comprehensive view of the RSI and aid in identifying trends, potential...
Until we see a breakout on the Relative Momentum trendline in the bottom half of the chart, the market breadth wont go up. Interesting times.
I prefer stocks that are breaking out after a long base formation. The strength of the upmove that follows unleashes a tremendous locked in power. I will be keeping this in watch mode and will probably enter if things look ok. Since I like pullback trades rather than breakout trades, will wait for more pullback and VCP formation.
GOOG has had a good month thus far rising about 9% and relatively strong compared with QQQ ( black line on chart) as shown on this one-hour chart. The past couple of days it has rested in consolidation at the upper volume shelf on the profile. The stochastic RSI has the lines low below the oversold /undervalued line of 25 and "curling up" suggesting they...
The stock has finally broken out towards the upside after a lengthy period of consolidation, and all signs point towards potential gains. With the momentum firmly on its side and various technical tools indicating a clear path towards higher levels, now is the time to consider jumping on board. Apollotyre has the potential to soar towards price targets of...
When Sugar sector rallies, they rally hard. Better fasten your seat belts, it's going to be a memorable ride! No targets, will ride till momentum lasts!
Nifty MidCap is exhibiting good strength presently. There are three key Intervals in time I want to highlight. >> Early 2018: There was a breakout in Relative Momentum and Price, but very soon the price as well as Momentum retraced and what followed was 2 years of MidCap correction. >> COVID Bottom: By 2020 the MidCap correction was coming to an end, the...
Reliance not yet participated in the rally in Indian market. Reliance = 10% of Nifty, Hence, it's very important to understand the direction Reliance takes to understand Nifty50 direction. My view is neutral, and entirely depends on which side the Relative Momentum breaks out/down. We will know very soon!
Hey Traders! Today we're taking a look at a bearish trading opportunity on the GBPJPY. At heart this trade is a structure-based reversal trade but as you'll see in the video, to find our entries we're actually taking a continuation trade type of approach. - More reasons to throw out the names "continuation" & "counter-trend" Anyway, I hope you guys enjoy & if...
FISV peaked @ 125 on Feb2020, then went into consolidation and retested this level more than a year later in Apr2021 (surpassing by HKEX:2 +). The breakup of Cup-1 failed and this time FISV went into a 2 year consolidation (forming Cup-2). It now looks ready to revist this neckline (125 - 127) in the coming weeks. I suspect the odds of a successful break up...
NSE:BEPL BEPL (W) - Swing Long - T1@ 120 SL below 100
RS ratio and OBV already broke out and are near highs. I added today for the CMT Investment Challenge in anticipation of the breakout above $280. If it breaks that resistence level I'll buy for my personal portfolio.
Now is a time to be very careful trading, even though price has seemed strong and doing well, if we take a closer look at a few points on the ETH/USD chart, we can vastly improve our trading outcomes. I don't expect we're going to start a bull run soon, there seems to be some accumulation that needs to happen still. I'll explain through this post on why I believe...
When using .768 and .236 for the upper and lower RS] bands, and then drawing a rectangle around all correlated candles, you can see how clearly the market reacts to these areas of interests in high value. When, combined with the three primary market sessions drawn as an indicator based on Jerusalem time zone, it is clear to see how to exploit this and time your...
When using .768 and .236 for the upper and lower RSI bands, and then drawing a rectangle around all correlated candles, you can see how clearly the market reacts to these areas of interests in high value. When, combined with the three primary market sessions drawn as an indicator based on Jerusalem time zone, it is clear to see how to exploit this and time your...