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Bata India Looks weak on weekly time frame with Bearish ABCD pattern and RSI Bearish Divergence. A Bearish candlestick pattern on weekly time frame will confirm bearishness. t.me
PRICE IN DOWNTREND AND CURRENTLY FORMING A DESCENDING TRIANGLE .ANY BOUNCE TOWARDS THE UPPER TRENDLINE IS TO BE USED FOR SHORTING POST PRICE ACTION CONFIRMATION.TARGETS CAN BE HUGE IF THE BREAKDOWN HAPPENS.
Grasim formed a double bottom chart pattern with central pivot acting as neck line. RSI Bullish Divergence can also be seen. All that is needed is a candle closing above central pivot point with good volume and +DM crossing over -DM.
rsi crossed above 30 crosses above strong support zone to confirm long position wait for the stock to cross above 272 T1 - 287 T2 - 295 SL - 262
Tata Motors DVR has witnessed a falling knife since last one year. Price has came extensively down, Now there is support zone near 70 level. We are expecting tata motors dvr to bounce back from current levels till 140 initially. Daily and weekly charts has positive divergence where we can see that prices are making new low but RSI is turning upwards which...
This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend. Going straight back to the all time high without looking back would be very surprising.
As you can see fibonacci extension support is near the cmp and last critical support is also near. if there is a bounce back then you can get the target money easily. RSI is also in Oversold Zone
long-legged doji + rsi showing overbought--> short call target--> 527. sl-->542
BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...
short near 276 squareoff 260 SL 286 -- RR - 1.6 -- *paper trades only*
LONG WITH UPSIDE TARGETS OF 1200 & 1268 WITH SL OF 990 AS PER MOMENTUM & FIBONACCI!
NSE:BANKBARODA is facing Resistance at 118-119 level . Hourly charts showing Divergence with RSI & MACD . We can expect a correction to the Weekly Support Line at 108-110 . From there the Stock will see an upward journey .