RBLBANK - INTRADAY - LONG (17 jULY 2020)NSE:RBLBANK
(For Learning Purpose Only)
TIME FRAME - DAY
Price in Phase 1 ( Accumulation)
Test of supply completed
Price above DC
TIME FRAME - 15 MIN
In correction phase
Volume supporting price action
Price either open gap down @ 161 or price go down till 161 before moving up to 171
Correction
Adani Transmision (Correction Likely)CMP = 276.85
In 5 sessions from 222.20 to 276.85 (24.5%)
Hammer candle formed on top with huge volume.
Most likely will correct
upto 261 (5.7%)
upto 250 (9.5%)
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So kindly express any disagreement & improvements so that we learn & earn together.
More accuracy more profit potential & controlled loss.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
EMAMI LTD.The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
WELSPUN ENTERPRISE Dividend CorrectionWELENT has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 11-06-2020 i.e Thursday.
Prices usually tend to correct themselves on this day.
Look to SHORT below 69.6 which is just below a resistance zone.
TGT1: 68.65
TGT2: 67.65
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
GBPUSD Short term Long Then Big Sell Off !!GU has been in a daily correction since August,2018.
Based on EW count it has been making a flat correction and now C leg of that flat is about to be completed.
Based on price action I'm still anticipating one more move UP to break previous high and then make its way down.
GBPNZD SHORTAs we can see price has been in a very good and strong Downtrend for a while and then it started retracing, my bias and Technical Analysis says that the retracement is complete or it is about to be completed. but If retracement is completed then this time is good oppertunity to sell.
TRADE WITH PROPER STOP LOSS BASED ON THE MARKET STRUCTURE!!
GOOD LUCK!!
TRADE SAFE






















