rachanak

INDEX EXPECTED MOVE BASED ON STOCKRSI + CHANNEL RANGE

Long
NSE:BANKNIFTY   NIFTY BANK
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

Comment: MOVEMENT HAPPENING AS ANTICIPATED
Trade active: MOVES CONTINUES