vikasbhekare

vikasbhekare

Banknifty looks bullish for swing trade. Monthly and Weekly RSI is above 60, and Daily taking support on the 60 level. Looking closely at price action in a 75-minute time frame, one can quickly notice "Positive Reverse Divergence" (RSI is declining, but the price is not). RSI is taking support on 40. It would be a good swing trade if the RSI starts climbing and...

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Nifty PSU Bank index recently broke its all-time high. It also retested the 5431 (5375) level on a daily time frame. It has been making a rounding bottom pattern, a solid pattern among all the bullish patterns. The relative strength index is above 60 on weekly and monthly time frames. It has been on an uptrend for the last couple of years. There is no resistance...

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PARAGMILK is looking bullish on 75 mins time frame. It would be a good swing trade. Monthly and weekly RSI is above 60, and daily RSI takes support on 50. The trend has been up since the last few months. The stock has been corrected recently and started making higher highs and lows. A swing trade with RRR above three can be taken if the trend continues. The stop...

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TIMETECHNO on a daily time frame. It has been on an uptrend for a long time. Recently it got corrected and continued uptrend. Monthly & Weekly RSI is above 60 and daily RSI taking support near 50. One can quickly notice "Positive Reverse Divergence." The price is making higher highs, and RSI is declining. It would be a swing or short-term trade with a minimal...

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The CNXPSUB (NIFTY PSU Bank) index looks bullish as it is above 60 on a monthly, weekly & daily RSI. It has almost reached the target of the previous cup pattern on a daily time frame and just broke the neckline of the new cup. If you noticed, it also broke the neckline (5375 levels) of nearly 13 years of the cup monthly.

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IDEA (Vodafone IDEA Ltd.) looks bullish on a weekly and monthly time frame as they are above 60. It has been corrected in the last few sessions. The only concern here is that volume increased during correction. The RSI on a daily time frame is near 45. The RSI now (46.52) and the previous (43.65) swing low (10.65) are almost the same. This term is known as...

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3MINDIA (3M India Ltd) looks bullish and has been in an uptrend for a while. It has just crossed 60 RSI on a weekly time frame, above 60 on a monthly time frame & hovering near 60 on a daily time frame. The volume has increased somewhat in the last two weeks compared to the previous volume bars. The price has been taking support at its support level of 31000,...

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OIL looks bullish on the monthly and weekly time frame. It has broken and retested 300 levels. We can see the cup pattern formation and neckline. We can measure the depth of the cup and clone it from the neckline for the target upside. Monthly and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining. The volume moderately...

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DMART looks bullish on the weekly time frame. It has been consolidating for a few weeks and recently broke the triangle pattern on the upside. We can measure the mouth of the triangle and measure it from the break line for the target. We can also consider an all-time high as a short-term target. Daily and weekly RSI are above 60 and crossing 60, respectively....

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IOB looks bullish on weekly and monthly time frames and is moving upward, taking support on 40 RSI Highlights Increasing volume when breaking the neckline level 38 Decreasing volume while correcting the price Weekly RSI taking support on 60 & moving back up Even if we set stop loss below the previous swing low, we can comfortably achieve a risk-to-reward ratio of...

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RTNPOWER popped up on RSI breakout screener results A few highlights Increasing volume when breaking the neckline level 9 There was strong resistance at level 9, failed attempts four times Rounding bottom There is no resistance if it breaks its all-time high of 13.50 RSI above 60 on a monthly, weekly and daily time frame is a vital sign Even if we set stop loss...

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CESC popped up on 52-week breakout screener results A few highlights Increasing volume when approaching the neckline level 94 Decreasing volume while getting corrected Hugh volume during breakout neckline Trading at its all-time high 102 levels There is no resistance if it breaks its all-time high RSI above 60 on a monthly, weekly and daily time frame Even if...

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FILATEX popped up on 52-week breakout screener results A few highlights Increasing volume in the last few weeks Trading at a crucial level of around 55 Next resistance at 58 All-time high 71.40 RSI above 60 on a monthly, weekly and daily time frame Since the next resistance is very close, it's hard to achieve an excellent risk-to-reward ratio when considered for a...

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ALKEM is looking bullish. Recently, it broke the resistance with significant volume. If it retests level 4070 and continues the uptrend, it would be a perfect entry to trade ALKEM for a short position. The Monthly and Weekly RSI is above 60, which shows bullishness. Volume is noticeably increasing & stock has been in an uptrend for a longer time frame. If we...

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GIPCL on a weekly time frame. It is trading at its support level, the resistance level a few sessions ago. There was volume when it broke the resistance level and was cooled down. There is no significant volume during correction time. It would be a high-probability trade if it retests the 142 level and starts climbing up. It will become weak below 130 levels. If...

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JSL looks bullish and has been in an uptrend for a while. It has just reversed RSI from 40 on a daily time frame. RSI above 60 on weekly and monthly time frames. The volume has increased significantly in the last trading session. The price has just crossed the trend line but retraced back. It would be a good buy if the price breaks 480 levels with fair volume &...

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NFL looks bullish on a daily time frame. It is just crossing 60 RSI on weekly and monthly time frames. The volume has increased significantly in the last few weeks. The price has been trading near its resistance level of 80. It would be a good buy if the price breaks 80 levels with fair volume & retest it. We can achieve 1:3 risk-to-reward ratio. It has been...

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MMTC looks bullish on Monthly, Weekly and daily timeframes. The volume has increased significantly in the last few sessions. The price has broken its strong resistance @ 68 levels with significant volume. It had been consolidating for quite a few years. It oscillated between 10 to 60 range for a while. One can call it rounding bottom, C&H pattern. If it retraces...