Motherson Sumi price action shows a possible short term trend reversal post hitting all time high yesterday with resistance getting built around 490 reference. Sentiment turned negative on the daily charts post the price rejecting from the all time high. Short term corrections are expected as long liquidations and profit booking is expected in this counter.
Nymex Crude is showing a short term consolidation on the hourly timeframe with divergence witnessed when fisher transform is applied over the chart. Daily Trade Sentiment turned positive which could bring imminent short term up move. http://www.marketcalls.in/commodities/nymex-crude-oil-futures-short-term-overview.html
Strong Price rejection in ITC 288-290 levels indicates that huge positive sentiment in IDEA is getting digested and smart money is booking their profits at higher levels. Possibly end of the trend in the very short term as historical surge in volume suggests smart money dumping and weaker hands are buying at all possible levels.
USDINR Daily charts are showing clear divergence when fisher transform indicator is applied over the charts. Fisher transform generally converts any probability distribution to Gaussian Probability Distribution. Thus making the indicator better in identifying turning point at the edges and helps trader in identifying trend reversals when comes to discretionary ...
Responsive Coppock turning Green is a good indication that long term trend is possibly getting built. We had seen similar examples from Bharat Forge https://www.tradingview.com/chart/BHARATFORG/itnpBma7-BharatForg-Enters-Bull-Markets/ and Reliance http://mrkt.co.in/2016/12/17/reliance-responsive-coppock-charts-long-term-picture-and-statistical-play/
DR Reddy shows extreme sentiment and currently underperforming the benchmark index Nifty 50. Sooner or later - medium term uptrend is expected towards 3200 Despite all the negative sentiment stock is not loosing. Its a potential sign that trend reversal in place. For more sentimental analysis visit http://mrkt.co.in