LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M
Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.
Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
Macd-h
(SOL) solana "resilient"Solana appears to be holding a strong flat pattern throughout the duration of the trending cycle of moving averages with the holding pattern reaching a resolute moment where the unknown may prove to be postively received, or negative if the MACD lines fall beneath the 0 neutral measurement. Solana is not immune to losing in price; it is capable of gaining too though.
DOGEUSD Dogecoin pulling back to add LONGDogecoin on the 60 minute chart has been in a good trend up for more than 36 hours. Moving
averages have been diverging but price is now falling in a pullback to the SMA21 and EMA21
while the EMA 50 continues to trend higher. The relative strength look back is solid green.
I see this as an excellent point to add to Dogecoin with the risk being the market cap leader
Bitcoin loses momentum and takes Dogecoin and others sideways or down.
RSI as a Trend ToolMost people use the RSI as a momentum indicator,
trying to find Overbought/Oversold (OBOS) conditions,
and/or divergences.
However there is also a way to use it as a Trend Tool.
There is a mathematical relationship that connects the RSI and EMA's.
The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x)
i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28)
This one of the properties of the RSI,
which I discovered when taking a more indept look into momentum indicators,
which ultimately led to the discovery of the MACD-v in 2014/2015
The MACD-v was then publicly disclosed in 2022,
in the form of a a paper called
"MACD-v: Volatility Normalised Momentum",
which was awarded:
It has won 2 International Awards:
1. The “Founders Award” (2022),
for advances in Active Investment Management
from the National Association of Active Investment Managars (NAAIM)
2. The “Charles H. Dow Award” (2022)
for outstanding research in Technical Analysis,
from the Chartered Market Technicians Association (CMTA)
US Dollar Four Day OutlookIt's always important to look the US Dollar when determining the outlook for Bitcoin. Remember, when the US Dollar rises, Bitcoin does the opposite, which is why the price of BTC is experience in the red.
However, looking at the US Dollar Chart, the DXY is oversold on the Relative Strength Index. This is a bullish momentum for Bitcoin, as the US Dollar can experience a pullback for the next four days.
We need to wait confirmation on the MACD on the four hour timeframe.
THIS IS NOT FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH.
TSLA 120 minutes Chart Moving Average pullbacks for Short EntryTSLA has been trending down in a channel since it marked the first trading day of this new year.
The chart is set up on a 120-minute time frame with the Williams Alligator indicator of
SMA10 SMA20 and SMA50 ( offsets 10, 5, & 2). In a strong downtrend, the averages are parallel
with SMA50 higher then SMA20 and SMA 10. For a good short entry, the price should pullback (
and up) through the SMA10 but not through the SMA20. An entry is taken when price falls
back through the SMA10. The supertrend may be reversing if any of the lines cross in a
golden fashion or price crosses the SMA20 or SMA50. On the chart, red down arrows mark the
best six entries YTD. There have been no exits despite any shorting pullbacks such as the past
day or so more or less from some news catalyst delivered by a certain fund manager to protect
her glut max and maybe wallets of clients. This strategy is well suited for a low intensity low
effort & minimal screen time type trader of shares or options to strike a balance overall and
profitable one at that with more simplicity and less complexity with noise and indicator
overload tuned out.
Nathan's Famous (NATH) Set to Take Off for Q3'23 through Q1'24Macro Trend Lines from All Time High and before are converging before the end of the year and and into Q1'24. With this convergence and the MacD looking the lowest it's been since May of '22 where NATH then went on to gain nearly 200% value over the next 16 months. This one is a long term buy, and will continue to perform well into '24.
NFLX is rising from supportNFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the
POC line of the volume profile showing buying pressure has extinguished bearish momentum.
The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally,
NFLX revenues have increased with the household password crackdown. Traders and investors
have noted that. I see NFLX as setup for a long entry. I will determine the best entry on
a lower time frame either 5 or 15 minutes. I see targets as 485 and 560 based on horizontal
resistances on the 4H and daily charts and so a good potential reward compared with the
risk of a stop loss at 416 set below the POC.
Buy and Sell signals from MACD and RSI scriptThis code includes various input parameters that users can configure, including RSI and MACD periods, RSI overbought and oversold levels, MACD timeframes and signal period, and stop loss and take profit levels.
By using the input() function, users can easily change the values of these parameters through the script's settings/inputs, without needing to modify the code itself
//@version=5
// Author: divinedestinyman
strategy("RSI-MACD Strategy with Multiple Timeframes", overlay=true)
// Define input parameters
rsi_timeframe = input(title="RSI Timeframe", type=input.resolution, defval="D")
rsi_period = input(title="RSI Period", type=input.integer, defval=14)
rsi_overbought = input(title="RSI Overbought Level", type=input.integer, defval=70)
rsi_oversold = input(title="RSI Oversold Level", type=input.integer, defval=30)
macd_timeframe = input(title="MACD Timeframe", type=input.resolution, defval="D")
macd_fast = input(title="MACD Fast Period", type=input.integer, defval=12)
macd_slow = input(title="MACD Slow Period", type=input.integer, defval=26)
macd_signal = input(title="MACD Signal Period", type=input.integer, defval=9)
stop_loss = input(title="Stop Loss", type=input.float, defval=0.02)
take_profit = input(title="Take Profit", type=input.float, defval=0.02)
// Calculate RSI and MACD values
rsi_value = request.security(syminfo.tickerid, rsi_timeframe, rsi(close, rsi_period))
= request.security(syminfo.tickerid, macd_timeframe, macd(close, macd_fast, macd_slow, macd_signal))
// Generate buy and sell signals
rsi_buy_signal = crossover(rsi_value, rsi_oversold)
rsi_sell_signal = crossunder(rsi_value, rsi_overbought)
macd_buy_signal = crossover(macd_line, macd_signal_line)
macd_sell_signal = crossunder(macd_line, macd_signal_line)
// Plot RSI and MACD lines
plot(rsi_value, color=color.yellow, title="RSI")
plot(macd_line, color=color.blue, title="MACD Line")
plot(macd_signal_line, color=color.red, title="MACD Signal Line")
// Execute long and short trades based on signals
if (rsi_buy_signal and macd_buy_signal)
strategy.entry("Buy", strategy.long)
if (rsi_sell_signal and macd_sell_signal)
strategy.entry("Sell", strategy.short)
// Close long and short trades based on signals
if (macd_sell_signal and strategy.position_size > 0)
strategy.close("Buy")
if (macd_buy_signal and strategy.position_size < 0)
strategy.close("Sell")
// Set stop loss and take profit levels for long and short positions
strategy.exit("Exit Long", "Buy", stop=close * (1 - stop_loss), limit=close * (1 + take_profit))
strategy.exit("Exit Short", "Sell", stop=close * (1 + stop_loss), limit=close * (1 - take_profit))
Litecoin long-term bullish trend promised by technical analysisAdditional notes:
upcoming halving
Strong bullish outlook for weekly long-term perspective. Bullish tendency short term (view follow up)
This information is by no means financial advise, you trade at your own risk, I am in no way responsible for your actions, seek professional advise from licensed financial experts!
COIN LONG after a reversalCOIN's long downtrend reversed after signs of the end of the crypto winter
and SBF brought to justice to clean up the crypto industry.
Moving averages show the inflection and new uptrend.
On the volume profile, the price rose over the POC line showing
that buying pressure exceeds selling pressure.
The chart pattern shows a double bottom late December
and this past Monday clearly establishing a key support level.
This looks to be a good swing long with a target being the
0.5 fib level of the retracement from the downtrend.
Call option contracts are a good alternative to a sizeable
trade of stock.
Bull Bear Power Void - Your volume oscillator is lying to you.The simplicity of this indicator is REALLY what has me gassed up. It's the smallest indicator I have coded but it is just so powerful. There are a million oscillators out there based on volume. My biggest problem with them is that they simply tell you whether you have volume to the upside or volume to the down side. It kind of tricks you with the lack of information into thinking you have a change in your trend or that you're going to be able to break out of a range across a moving average or through some trend line or support and resistance.
However many of these Oscillators are failing because they lack to tell you one key thing. They tell you that you have volume but they never tell you if it's enough volume.
Even a popular indicator like the MACD can have its MACD Line crossing upwards over the signal, telling you that you have an uptrend but again it's still failing to give you the results of how much volume of trades you have and "is it enough" volume in that crossover. It boils down to the one key fact that without volume there is no momentum. This should be able to make trading crossovers a lot easier.
So in today's video I'm going to show you the newest addition to the trading View Community Scripts and it is called,
"The Bull Bear Void Volume Oscillator"
Use this link to get it for free
From my own testing, this oscillator can predict whether the next candle will get you the move you need or not. In the markets you cannot have anything good without volume. After you have volume you have momentum. You cannot have momentum without volume and this is the key thing that causes people to fail when they look for breakouts, trend reversals, or if they're wondering whether this move is a fake out.
This indicator is based on the study of volume spread analysis or VSA.
This indicator is designed to be paired perfectly with the Heiken Ashi Algo oscillator.
Get it here
This indicator is strictly to be used as a confirmation indicator and not to be used by itself to tell you when to buy or sell.
What are its Parts?
The Colored Columns or Volume Bars
RED Column - Indicates volume movie downward
Light Red - indicates volume is pulling back from a downward move
Green - indicates volume is moving upwards
Light Green - indicates volume is moving down from an outboard move
The void
Is Green for bullish and red for bearish. This is a Cloud that appears extending from the center upwards and downwards. This is the average range of volume. Anything volume closing inside of this void is ranging volume or very little volume and it is not enough to break the trend or break out.
The MACD and MACD Signal Line
Just like using the macd these two lines indicate whether the trend is moving up or the trend is moving down. But in this oscillator it's been colorized to show you when profits are being taken versus new positions being opened in either direction.
Rules for a SELL CONFIRMATION TRADE
The macd line must be underneath the signal line and the macd line must be below the midline.
A bullish column must appear below the midline and it must extend outside of the red void.
if you are using the heikin-ashi Aldo oscillator you must also have a red Heiken Ashi candle close below -10.
The MACD trend line must be a solid color and NOT black.
To open a LONG position you simply reverse the rules.
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.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
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