Rounded Bottom Pattern formed in a downtrend.
Waiting for the charts to close above 200.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post ...
SWING TRADE IN APOLLO TYRES
WE ARE PLANNING TO GO SHORT ON CRUDEOIL
SINCE WHEN IT CROSSED $76.8 PER BBL ON BRENTCRUDE
240-48 WAS A BOTTOM WHEN WE CAME $80 PER BBL
LETS TRY THIS TRADE OUT
Maxindia is trying to bottom out. Weekly positive #divergence in #RSI observed since April 2018 as prices made lower lows (last low of 68.75 in June 2018). Today's daily #candle made low of 75.30 and closed at 83.05. Will get interesting if it closes above 88. #watchlist
Identifying the reversal and its timing is quite difficult and risky but sometimes its worth to take small risk. The stock is clearly in downtrend but it is forming Broadening Bottom reversal pattern and RSI is showing divergence. One can buy the stock by providing the SL of low of yesterday. If it works it could reward well. Being a volatile stock one can also ...
..... All Spot & Future Weekly Levels plotted & mentioned on chart.
Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge (i.e SHORT NF + Long CALL Option & Vice-versa)
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.