jeera is seemingly In overbought zones and a retracement toward the 42000-40000 zone likely rsi extremely overheated at current zones after that fresh upmove can take place a trading wise bearish move below 45k
nifty cmp 17582 future overbought it may start profit booking anytime now
Sell > 247 to 251 easy tg - 235 Highly overbought, no more upper circuits. Likely to consolidate from here. One can sell call spread, sell 250 CE cmp 6.6 and buy 260 CE cmp 3.8 You can eat premium of 3.8.
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
nifty50 mild softness required for healthy up moves later
The stock is on a long term down trend. The trendline is acting as a resistance and has been tested multiple times. Rejection from the trendline this time also. RSI is in overbought zone.
The stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up. 1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart....
in zone of 805 to 820 with 835 sl for 765// 740 / 730 zone
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...
DIXON has run up from 2990 to 6666 i.e. 123% in merely 4 months. So there is no denial in the power this stock has to run further. Targets and time frame cannot be predetermined so the best thing to do in such a situation is buy in SIP and always ride the stock with a trailing Stop Loss. I see a buying opportunity between 6150 and 6300. However if the price...
Prices are consolidating, the momentum is not picking up. Any failure to push above the current levels will render the stock into a correction which may push it towards the next support zone at 320 levels.
RSI has entered into an overbought zone. The emerging chart pattern on the other hand is bullish flag pattern which is a bullish continuation pattern. However, overbought RSI contradicts any upward move as the stocks is overbought. What price target one can therefore consider?
Ready for EMA crossover, Facing resistance at 622 MACD crossover and RSI sliding below 70
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
Sell if crosses below 367 TGT 1 - 360 TGT 2 - 352 SL - 378