Nifty has made a bearish divergence with RSI.
Going to initiate a short position once the support of 11710 is broken for a target of 11640 with a stop loss at 11742.
This is a simple analysis just using the indicators and basics of technical analysis.
Thanks,
Rasika
Going to initiate a short position once the support of 11710 is broken for a target of 11640 with a stop loss at 11742.
This is a simple analysis just using the indicators and basics of technical analysis.
Thanks,
Rasika
Trade active
Trade active
Trade active
Trade closed: target reached:
KISS principle (Keep It Simple Silly)
Not fancy indicators, no complicated techniques, no gimmicks!
Not fancy indicators, no complicated techniques, no gimmicks!
Comment:
Bounced exactly at 11639.70