Yes, As per my technical analysis If any stock which trade over RSI 65. it will go up by 30%. Same situation happened in Pollycab and now it happens in Infoedge. Polycab gives breakout with RSI in last month. also it generates the cup pattern. So the target will be 6486 and 9458 in a positional or longer term basis. Note: this is not a buy or sell...
Yes, As per my technical analysis If any stock which trade over RSI 65. it will go up by 30%. Same situation happens in Pollycab. Polycab gives breakout with RSI in last month. also it generates the cup pattern. So the target will be 6818 and 7264.
Kotak Bank one of the Classical Example of Accumulation & Distribution . One Can Trade Based on Support & Resistance
Asian Pains is at support of trendline near 2800 on a monthly time frame and having resistance at around 3400. RSI is around 45. Bullish divergence is formed on chart. Fundamentals of company: ROCE - 34.37 ROE - 27.74 PE / Industry PE - 51.32 / 46.21 Company is fundamentally strong and can accumulate for long term. Disclaimer : This is for education purpose...
ABOTTINDIA is taking good support on 200 EMA in a daily timeframe, also the monthly timeframe RSI looks very strong. Entry: 23180 Target: 25007 Stop Loss: 22090 This is my first Idea shared on the Trading View platform. Wish me Luck