It is been observed on the daily chart that the price action is forming a bullish hidden RSI divergence where price action is forming higher lows where as RSI oscillator forming lower lows, indicating a trend change and bullish move ahead. Target 1: 1550 Target 2: 1600 Stoploss: 1450
sell nifty future around 9185 sl 9220 target1 9150 target2 9110 time frame 2,3 trading days We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
buy around 1270 sl 1240 target 1350 We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90 We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
buy around 196 sl 192 target1 198 target2 202 time frame 3,4 trading days
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Stock giving breakout with good volumes. Also, RSI & MACD are in buy mode.
The stock has formed a beautiful MPL and Action Reaction method is suggesting that price may get reaction at this level. One can short the stock now with appropriate stop loss and can expect the price range 116 - 114. RSI is coming out of Overbought zone confirming the potential short.
Bullish Wolfe Wave, Positive Divergence of RSI and Price equality in 4-5 move.
* Bullish Harmonic * Overbought RSI * Overbought Stochastic
The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.
The stock is showing continuous divergence in hourly chart and yesterday Price bar was a key reversal bar so one can short the stock for a target of 460 - 455 and evaluate the trade at that level to continue with trailing stop loss or to take profit.
Nifty has reached at interesting level as per Action/Reaction method taught by Andrews. A price reaction is expected at this level. Although the market seems to be in strong bull grip but I would be very cautious in taking fresh long trade now and start looking for shorting opportunities. RSI is also in extreme overbought zone confirming the view. Friend can watch...
With reference to learning series of Action/Reaction one can observe how these forthcoming lines work.
* Dumpling Top * 50% Fib retracement * Gap at play * Negative crossover on Stochastic * RSSI sloping southwards
* Bearish AB=CD * Overbought RSI