INDEX EXPECTED MOVE BASED ON STOCKRSI + CHANNEL RANGE
AS ITS SEEN 👉
BANK NIFTY IS TRADING IN A RANGE/CHANNEL
STOCHASTIC RSI IS ATTACHED TO CHART AS I FEEL IT
WORKS BEST WHEN THE MARKET IS TRADING
IN CONSISTENT RANGES.
IF WE JOIN STOCH RSI
TOP/BOTTOM WITH TREND LINE
AND MATCH IT WITH INDEX
WE SEE UPWARD REVERSAL WHENEVER STOCK RSI HAS TOUCHED ITS SUPPORT LINE
TAKING INTO THIS IN MIND THAT THIS TREND WILL STAY ON FURTHER - A BUY CAN BE SEEN IN 2ND HALF AFTER A BOTTOM HIT IN INDEX
WITH KEEPING TARGET LEVEL NEAR TOP TREND LINE
disclaimer - join your own study for taking trend and comment your views traders
BANK NIFTY IS TRADING IN A RANGE/CHANNEL
STOCHASTIC RSI IS ATTACHED TO CHART AS I FEEL IT
WORKS BEST WHEN THE MARKET IS TRADING
IN CONSISTENT RANGES.
IF WE JOIN STOCH RSI
TOP/BOTTOM WITH TREND LINE
AND MATCH IT WITH INDEX
WE SEE UPWARD REVERSAL WHENEVER STOCK RSI HAS TOUCHED ITS SUPPORT LINE
TAKING INTO THIS IN MIND THAT THIS TREND WILL STAY ON FURTHER - A BUY CAN BE SEEN IN 2ND HALF AFTER A BOTTOM HIT IN INDEX
WITH KEEPING TARGET LEVEL NEAR TOP TREND LINE
disclaimer - join your own study for taking trend and comment your views traders
Note
MOVEMENT HAPPENING AS ANTICIPATEDTrade active
MOVES CONTINUES
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