SUDARSCHEM | Looks good for a swing - 18%
CMP : 439
SL : 425
Target : 535
Falling with poor volume
Strong RSI divergence in 30 min's and Hourly time frame. Expecting it it will stablize here and turn bullish from this trendline support
NSE:UTIAMC Safe players can enter the trade on retracement with strict SL.....
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
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RSI showing divergence to price, the stock looks ripe for a healthy correction.
Also Price is at a major supply zone.
Sell If it breaks Previous day low PDL with stop at Previous day high PDH
Sell below 763 with stop 794.
Short SRTRANSFIN below 1270 | Stop-loss 1303 | Minimum Price Target 1135
Strategy - Trading Range Bound Price
Trading System - Mean Reversion on Daily.
Trading Setup - Selling at Resistance
More about Trading Sideways Market Explained In Following Post.