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Reversal

Technical Analysis : RELIANCE getting ready for short... :)Reliance Chart in following leaps, Slightly in Downtrend, (from OCT2020) Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action) A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling) RSI is not oversold, in higher time frames, and in lower's reaching to Oversold. Confirming, to reach oversold level, at H&S target. Or bounce back to new highs at pre-support levels. Bonus: Current price's Hype & high is also due to on past H&S at bottom Between Jan2020 and June 2020. Price reached past target now slightly in Downtrend. Traders may square off and reopen at low prices, until any positive sentiment news appears "_" Consider my work as beginner's. Hoping, analyzed, well sortoff. -VK
NSE:RELIANCEShort
by VikingVinay
Good News for Bulls In the Market- H&S pattern in US 10 YR BondsHey Guys, Fingers crossed!! I Hope this Right shoulder gets complete on monday and again Bonds may get to hell. Reversal in bonds may happen from now on if this pattern gets rightfully completed. So, Monday is a very crucial day to decide what the stock market will be going to perform in the coming week and month. Hope you all would have liked the analysis. Also see my recent analysis on Axis Bank and Berger paint as well. Do follow me on trandingview for more analysis like this.
TVC:US10YShort
by Siddharth_23
2
USDINR Trend reversalBoth USDINR and DXY have been trending downwards since March and finally USDINR has made a base at 72.7. It has already started showing strength in and is forming an upward channel. It is likely to test the upper end of the channel by end of this expiry. Target of 74.5 by end of this month. Stop loss daily close below 72.25. It can still go higher if the upper-end of trend linebreaks, will update that later Its better to play this trend with options by doing a bull call spread
ULong
by revanthchalamalasetty
4
#LETSTALKABOUTMARKETS - JSW STEELThe 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. 2. Bollinger Bands - The stock should close below the Bollinger band and might drift towards the average line. One can take a short set up with a strict Sl at 333 with a target of 300. This is purely for educational purposes.
NSE:JSWSTEELShort
by je_sh