I am expecting a small correction in the Auto sector. It is because the price is facing resistance on the upper trendline. The MACD indicator is showing a small divergence as the MACD Line didn't went up when the price went up and giving random crossovers. It is moving in a range but the prices went up in past one month.
The same is with the RSI,...
I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am...
On 4H TF reliance is looking good and it has given a breakout of resistance which is tested couple of time.
We can expect a momentum till 2800, there is open area for reliance to move out.
For entry you can use 5 minutes TF.
(Only price action, no news)
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 346 This could be taken as a maximum downside target from my opinion
2. Time Frame:- 1 Day
A Resistance which is at the current level I have seen some forecasts show that it could be down and could be followed by the market but if it...