For all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study..
Overbought -- OB
Oversold -- OS
Divergence -- Div
B-- Div after OB at A
C-- Double top...
based on over bot concept
looking for profit booking from here
rsi - 84 + = overbot
lower volume candles
note - risk based view
since there is still somewhere momentum towards bullish side
disclaimer - trade @ own risk
Amber enterprises showed a breakout yesterday and many buyers entered here because of the breakout
But do you know it's a false breakout?
yellow-both acting as support and resistance.
Guys please first like and comment...
STBT IN RELIANCE
NOTE:THE STOCK IS IN AN UPTREND
AS A TRADER JUST TRYING TO CATCH THE PROFIT BOOKING
DAILY CHART DOJI IS SEEN
NOW SEEN RESISTANCE AT HOURLY CHART