During the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The degree and nature of separation in bands are indicating the weakness in price.
Also the rsi is declined below 60.
For me the price is in the no trade zone.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Considering the convergence level & wave count, have drawn few important support & resistance levels.
At current price structure, the prices could extend upto 84700 -84800 levels, this level has more convergence or going to be the area of confluence.
& price movement also stiff & it has expended more than 1.5X of 200 EMA.
T1: 79450
T2: 84800
T3: 90800
As the title suggests, in daily timeframe of TCS there is a RSI convergence.
From 1st L H point TCS is falling but RSI is not making lower lows, rather RSI is making higher lows since June 25th.
And also 3000 price level is a support zone (Look at weekly chart).
Probably this stock is preparing for a short term up move, good swing opportunity.
First target would...
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The points ABCD shows the #triangular #pattern
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The points #ABC will show you the values get to complete the...
Silver Long
Rising RSI
Buy at CMP- 62380
SL- 62085
Target- 62928, 63385, 63708
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Welll as we can see from the daily chart if it break the resistance and I think it will ,as from the macd histogram and rsi it's quite indicative it will
FAIR value :-466 / Stock trading on 351.85
While stock ifs falling VOLUME/MOMENTUM is going up,Its a sign of short big move is comming!
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your own risk!
I can see lot of convergence at 503 to 512 zone. That's a big zone but I can't help it b'coz ATR is high. Also observed bullish gartley and ABCD harmonic pattern in a highly oversold zone. So there are high chances of reversal from this zone. I ll hunt for 538, 558 and 568. Initial stops is quite wide, but it could be set below the buying signal which will be...
