Sandeep Wagle: I would go with the buy in Adani EnterprisesBSE 2.27 % which has given a very clear breakout, stop loss of 268, target of 287.
The second one is a buy in JSW EnergyBSE 5.48 %, stop loss of 7150, target of 78.50
The third one is a sell in PantaloonBSE -3.82 % which has given a breakdown, stop loss of 248, target of 232 and mind you all these ideas are not for tomorrow necessarily but over the next two to three trading sessions.
Nifty’s fully automated technical trend analysis:
NIFTY last traded price: 6080.6.
Turtle Trend Analysis: Current Hourly Trend: Up, Dynamic Trend SL: 6048.4.
Currently the Hourly MACD is bullish since it is trading above its Signal line. The MACD crossed above its Signal line 13 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).
The current value for the 14 Hourly RSI is 63.321. The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a sell 75 period(s) ago. The RSI and price are not diverging.
PIVOT TRADING LEVELS FOR FOR NEXT SESSION:
R2: 6,106.73 R1: 6,093.67 PIVOT POINT: 6,079.48 S1: 6,066.42 S2: 6,039.17
R2: 6,106.73 R1: 6,093.67 PIVOT POINT: 6,079.48 S1: 6,066.42 S2: 6,039.17
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