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Relative Strength Index (RSI)

Trading close to a very important level. NIFTY: Nifty took beating from the bears in the last two sessions. Now at a very key juncture, a break and close below the 12000 levels have shattered the physiological support levels, still the bullish nature is not wiped out fully, if the fall continues the index may tumble to 11420 levels, again the levels I am mentioning may be vague & outrageous but still they are valid as long as selling in prominent. A minor support may be seen at 11790 below which the above targets on the downside is open.
NSE:NIFTY
by BharatJhunjhunwala
UPL: Gearing for some upside ..After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the RSI also rebounding from the neutral zone one could expect that the bullish bias could persist and one should look to participate at current levels for an upside towards 645. One could also look at dips towards 590 as an additional / alternate levels to buy into. The stop for the trade would be below 580 at the time of initiation. Idea sourced from NeoTrader trade.chartadvise.com
NSE:UPLLong
by Raja_Chart_Advise
GBPUSD testing 1.2900 levelThe British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate immediate bear pressure. The GBPUSD pair is heavily bearish while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels. If the GBPUSD pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.
by OctaFX_Official
EURUSD targeting 1.1100The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the 1.1100 support level. The EURUSD pair is heavily bearish while trading below the 1.1175 level, key technical support is found at the 1.1135 and 1.1100 levels. If the EURUSD pair trades above 1.1175 level, key intraday resistance is found at the 1.1216 and 1.1230 levels.
by OctaFX_Official