For all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study.. Abbv. used: Overbought -- OB Oversold -- OS Divergence -- Div A-- OB B-- Div after OB at A C-- Double top and Div Multi week correction back to support D-- OS at support and very sharp rally due to...
based on over bot concept looking for profit booking from here rsi - 84 + = overbot lower volume candles note - risk based view since there is still somewhere momentum towards bullish side disclaimer - trade @ own risk
Amber enterprises showed a breakout yesterday and many buyers entered here because of the breakout But do you know it's a false breakout? lines reference: dark blue-resistances cyan blue-supports yellow-both acting as support and resistance. Guys please first like and comment...
one can follow if they wish on twitter and quora Answer to What has your experience of the share market taught you? by Pratik Jain www.quora.com
having a strong resistance at 0.95835(yellow line) + overbought condition ---> confirm a trend change go short ...
I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!