price faced rejection at 800 which is r3 of this month and r1 of this week.
on daily chart there is loss of momentum after good upside. on hourly chart there is double top formation with RSI divergence. on breach of 780 which is the neckline of the pattern and also central pivot point of this week, stock price will fall and reach 765-760 zone. trade can be exited if price closes above 800 decisively. max call oi is at 800
on daily chart there is loss of momentum after good upside. on hourly chart there is double top formation with RSI divergence. on breach of 780 which is the neckline of the pattern and also central pivot point of this week, stock price will fall and reach 765-760 zone. trade can be exited if price closes above 800 decisively. max call oi is at 800
Comment:
target of 765 reached. lets see what happens next