See the graph, but formed last red candle so only enter in trade after 150.50 or 151 crossing , or else oppose of it, it may go to deep oversell zone , good to buy for short-medium term , just an idea i have...follow me for more genuine ideas on standard stocks only...
Jk paper shows a parabolic pattern. The zone above it has already been rejected multiple times and is bound to break soon.
Educational purpose only - trade at your own risk.
Good luck.
This is the divergence of OBV
Now we have to wait.
If it sustains breakout, then we can enter it
Keep an eye on it.
Note: This is my view, you must do your analysis before taking any action.
Tyre Sector has been in focus from past 2 days due to falling Crude & Rubber prices & with 9000 broken in upside the laggards will start to catchup.
Now, it shall further move up from here with support of the channel.
Target: 136(Very Short term)
Stoploss: 122 (Closing Basis)
RR: 1:1.3
Target: 149 (Short term)
Stoploss : 117
RR: 1:2
