Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
After a bloodbath of a week, the markets are recovering and after a 15% fall, BPCl has taken support on its long term support with a high volume bullish candle
Moving average does not say much.
Stochastic RSI is also in the oversold region giving a long bias.
T1 Is the short term target
T2 is the Long term target
Stop loss below the support level.
Keep It Simple
1) The stock is at a support zone from where it gave a new high
2) RSI is oversold with low of 19.43
3) The current hourly candle has also closed within the bollinger band.
Very high probability that the stock might cover the gap of 1520
buy around 2150 -2160 if possible or else get it with your own risk to reward ratio
target for 3-5 %
its rsi in day is deep oversold 14<
hold it gona give you a big 3-5 % and then exit wait till make a w pattern then reenter to get 5-8 %
Remember any stock in the world cannot move with slope as infinity it need's price action calculus approach
Big one...
buy 344.50
Target sell 1 - 1.5 %
sl 0.5 % from entry
strategy Rsi deep over sold rsi around 10 in 15 min chart
taken 150 QTY target 1.5 % if seems or else ill take 1 % and exit
Having a lot of expectation for this stock to move upside. There are lot of confirmations on charts, However I am not plotting them on charts neither disclosing for now.
The probable targets are 1242 & 1273 in short term. Rest all will be updated afterwards in update idea section.
Chart & Analysis - Adarsh Dey
So treating a bitcoin investment like venture capital or growth equity makes logical sense because it’s much younger than gold and needs to prove itself to be a worthy competitor over time.
Consider the following thought experiment. What if bitcoin didn’t trade every second of every day? What if, instead, you could only exit your bitcoin investment five years...
Looks good for LONG when it closes above 623 and trades above the same. For the target of 720-743 in short term.
However the SL is 570.
CHART AND ANALYSIS BY
ADARSH DEY
Nifty View: What could have been a firm positive close above 15,850 for the benchmark Nifty turned around as we noticed sharp selling within the banking and financial stocks that weighed the index down 129 points from intraday highs to close near 15,750. On daily charts, we have an “Outside Bar” with the short term trend on the verge of a reversal. Yes, short...
Can the premium or discount in Index Futures tell us anything about upcoming market moves?
Generally, when discount widens, the bearish mood of the market is increasing. When premium widens, the bullish mood of the market is increasing.
However, sometimes premium may also fall due to:
1. When FII’s are long on the markets, they short Nifty futures as a hedge....
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...
