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Reliance Double Bottom & RSI DivergenceReliance has formed double bottom pattern on daily chart. While the RSI is making higher low which is clear sign of RSI Bullish Divergence. Entry We can go long on open of next candle. Target Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart. Target 2: Once the 1st target is achieved & price gives breakout above the neckline of the W pattern 2nd target will be the next resistance as marked on chart. Stoploss We can keep stoploss below the support zone. Please like & Follow me.
NSE:RELIANCELong
by vt_trader
6
KotakBank Double Bottom RSI DivergenceDouble bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence. Entry We can go long after close of strong bullish candle near 2nd bottom. Target Target 1 - will be the next resistance as marked on chart. Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone. Stoploss We can keep stoploss below the double bottom support zone. Please like and follow
NSE:KOTAKBANKLong
by vt_trader
4
Banknifty 23-feb-2023 intraday Trade analysisBanknifty - Today is complete downtrend. 5 red candle formed continuously. Tomorrow is expiry it can cont. down initially, profit brooking can come anytime. Flat opening — It may cont. it's fall till 39600-700. so will sell it at open if 1 min-ve candle. But if not wait for some price action. Gap up - wait for price action, profit booking may come. but it is expected in the last 2 hour. But ready for buy on proper price action. Gap down - Due to cont. sell, will wait for W pattern to buy it. 39500 - support.
NSE:BANKNIFTY
by iPrashantStock