--Buy above =5067 or CMP --Target = 5166 | 5303 --Stop-loss =4999 --Lot Size = 250 --R:R =3.5 --Expected Profit = 59k + ₹ per lot ( 4.66% ) --Expected Holding = 15 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌
====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕
1) rsi divergence is the biggest reason 2) Trendline resistance also break 3) volume is good enough 4) support & resistance is already mentioned
Guys check out the related ideas as well, it will work really well GUARANTEED !
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Hello! Great charts which hep a lot to understand the price action along with RSI. Hats off to you for doing this!!!
ReviveTraders
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@PReaver, thank you for your kind words...i'm glad that you guys supporting my ideas so much
biplabe
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nice analysis. though it touched SL but many things to learn from here
ReviveTraders
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@biplabe, i'm glad that other traders are learning something from my post ...keep supporting
mukeshsingh92
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yess... it was bearish.. no strength shown today and crashed big time.
mukeshsingh92
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And Stop loss comes around 4960. Please draw a trendline touching 22 dec low and yesterday's low........ you will see the RR is very very stretched. Please correct me if my stoploss is wrong and educate me why.
Good one,, but one doubt.. it is struggling below 200 DMA and 50 DMA as well. can't this be seen as a potential downside... forgive me for my less knowledge on Technicals.
mukeshsingh92
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@mukeshsingh92, yess... it was bearish.. no strength shown today and crashed big time