Voltas at support level of channel, 50 EMA RSI
Havells at support level. Channel support + RSI & 15 EMA support. Do your own analysis
As posted before about divergence and RSI clues..nifty tanked today after budget with RSI making lower high.. todays high is crucial.. mondays candle will confirm whether todays resistance is a short term top...
What and where you could have sold it? In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today. What would be safe entry ? After 1 hour of bearish candle reversal, we could have sold near bounce at 4670...
What is a trendline A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend. Trendline Rule The general rule in technical analysis is that it takes two points to draw a trend line and the third...
Nifty on Monthly charts is heading into some resistances in the coming months also seen is negative divergence.. interesting times to come..
Dabur is in a great level... Dabur hits this level so many times made a big move... so wait for confirmation and enter....