EXCELCROP Technical Analysis based on few paramters: The stock has made its highest point near 2000 level in November 2016. It’s over 6 months and the stock has become stagnant around this level in the small range of 150 points Weekly chart analysis shows that volatility term. The breakout can happen any day as Chances of volatility burst have risen. The stock is near its long-term trend line (Blue) and is expected to take a fresh support here.Breakout level on the upside is. Weekly chart analysis shows that volatility has dropped considerably in last few months.
The stock is hovering in a range-bound pattern. The breakout can happen any day as Chances of volatility burst have risen. The stock is near its long-term trend line (Blue) and is expected to take a fresh support here.Breakout level on the upside is a range-bound pattern. The breakout can happen any day as Chances of volatility burst have risen. The stock is near its long-term trend line (Blue) and is expected to take a fresh support here.Breakout level on the upside is trend line (Blue) and is expected to take a fresh support here.Breakout level on the upside is 1900 and breakdown level on the downside is around 1650. In my view, the stock should be touched only after confirmation of any of these levels.Traders can put this stock and its levels in their watchlists. Because whichever side it will break will give at least a 25-30% move in a short period of time.Technically. Traders can put this stock and its levels in their watchlists. Because whichever side it will break will give at least a 25-30% move in a short period of time.
Relative Strength Index (RSI): The current Value is 56 on Weekly charts.
MACD: The fast MA is about to come up from below on Weekly charts.
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Poloniex exchange keeps the biggest share of the ether market. The full variety of enactment and digital currencies listed by this exchange exceeds one hundred.
I have personally bought Ether from EthexIndia.com exchange as they offer ETH/INR order book. We can trade in INR and see prices in INR.
Vedanta limited is a perfect trading stock and is part of the following indexes:
The stock of Vedanta ltd. was trading near 110 levels last year in June, Restructuring in the company saw an increase in promoter holding. Technically Inverse head and shoulder pattern breakout happened near 117. The target of reversal pattern was done near 180-200 levels.
Let’s analyze Vedanta on Weekly time frame charts. The stock has been in an uptrend from 2016 and has made top near 280 levels. In the figure, we can see that stock is in a rising channel and is at the bottom trend-line support. The stock is consolidating in a triangle pattern which tells Me, The price seems to have reached a bottom, showing signs of reversal. If trendline is broken upward after a period of uncertainty or consolidation we might see stock reaching at least 280 again or more.
Analysis started from Head and shoulders above. We have seen the bullish h&S impact. Now, let’s see the Bearish H&S. The pattern has not been confirmed yet. Although It is a high probability. Reasons for bearishness are:
The stock is trading below 50 days Moving Average.
The stock has broken long-term trend line (blue line) and is now getting ready for the next momentum.
On daily charts, VEDL is forming a Rising wedge (bearish pattern).
Price has not been able to break and close above 250 on previous 5 occasions.
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Medium-term NSE: Vedanta Technical Analysis
Short term view?
I personally will wait for the price to decisively break the range 250-225. Few levels are mentioned below:
Short term Support at:Short term Resistance at:
For long position:
For short position:
In my personal opinion Stock is more inclined towards bearishness. Wait and watch Vedanta Ltd. to make any fresh positions.
Disclaimer: I do not hold any vested interest, position in the stock. All views are my studies and are not a recommendation for trade.
It is hard to believe that the company which once revolutionized the telecom sector is on verge of collapse. The price war and Tariff’s south journey seems to have benefited only the consumers, It is the RCOM shareholders who are crying.
See Long-term chart of RCOM. Only losses and no Profits for Shareholders.
It is clearly evident that stock price will soon be in single figures. The Trend is clearly negative. The question is how much more pain is left in coming days.
Nifty Short term view based on the Harmonic study.
The Index is currently near 9550 Spot level and is showing too much strength. Macroeconomic factors look to be in favor of Indian markets with the prediction of good monsoons and inception of GST. GST will be a game-changer. Lower crude oil prices have already shown us what it can do for developing countries like India. All good, however, how we know that those factors have been factored in or not. Harmonic patterns show us the way.
Call: Short sell stock below 96.95, stop-loss 99.1 (closing basis), Targets 94.5-92.5 Reason: Divergence and Channel supports and resistance.
Comments: Stock has been moving in the Upward sloping channel. But we are seeing a divergence on Daily charts on RSI and Stock. Now, as we can see in the chart that the stock is retracting back from the upward line of the channel. Price has crossed/broken the previous top of the sloping channel, this is a bearish signal. Also, we have seen OBV gives a sell signal. Which makes it a strong case for selling. The stock can go and touch the lower end 92.5 may be in 2-3 days if it breaks then can even touch 86-87.
Daily stock chart of anantraj
13th Dec 2012
Anantraj Technical Analysis was spot-on and the stock went down to hit the lower trend line. Now, at this moment generally, a question comes to a trader’s mind whether he should book the profits and get out.
I must tell you firsthand that Stock market is a place of REGRET.
If you Booked now and the stock went more down further. You would regret. ” Oh! I missed the big money, I should have stayed on with my Short position”.
If you have kept this stock and it went up from here and eat your stop loss. You would say ” I should have booked it at my target value. I am not following my rules. Next time I will book it at my target price”.
So, Next time another stock you booked at pre-determined target value and you were happy that you followed your rules. Next day Stock went more down and again the same cycle of regret started.
The answer to, whether to let your profits run or book at your target varies from trader to trader and his strategy. You just need to follow any single approach and stick to it.
Result of Anantraj Technical Analysis Call and its chart
The motive of trade: Stock has formed a weekly top and should be sideways negative this week. 26th July is the quarterly result. So, Exit would be before 25th July.
Profit & loss Graph: Maximum profit will be 14500 @ 4300 strikes and If the stock remains above 4400 then we will lose 120 rupees + brokerage. Our stop loss will be 4200. We cannot hold positions below 4200 as our loss will pick the pace after that point.
Technical reason: Why I have a bearish view on Maruti because the stock has formed a bearish candle on top of a channel. Also, RSI also suggests overbought on the daily chart. See chart below