In Clearly Seen that Trend Reversa. So we can go to Long position for Some Week.
NIFTY | Looks like downside is limited I see RSI divergence is starting to occur in 15 min's time frame. Be careful if you are shorting. CMP : 12740
Seems bullish for above targets. Regards
The 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....
BHEL showed a series of lower lows and lower highs. It has since, forming the bottom, shown higher highs and higher lows since the last couple of days. NSE:BHEL
Purely based on trend line reversal...
Do not trade inside the no trading zone cause it doesn't show any direction...
And there are people out there thinking that technical patters and analysis have no place in Securities. Just look at that reversal from resistance. :)
Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets. Imagine the psychology of a trader if it breaks the barrier. Buy above 175 with an open target. It will move! NSE:ITC
BIG MOVE IS COMING stay tune! This ANALYSIS is for EDUCATIONAL and INTELLIGENCE pourpose,Trade at your OWN RISK!
just 23% Fibonacci says a lot. Banknifty Falling since Aug 31, and its near expiry now. SO long term shorters may book their profit here and good reversal may come in a day or two.
11 Sept Week closing shows rejection from top. Next weekly closing below low of cuurent week will confirm reversal from Top. Keep in your watch list for short position. Disclaimer : Analysis shared is for education purpose ONLY.
Mindtree is at weekly resistance. Sell if it breaks 1125 with target of 1100 and after that 1065 with stoploss of 1130 DCB.
Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.
After a great RALLY from 486 to 647, there has been huge selling on 30th July with more than 25 million shares traded that day. However that did not break the prices and there was a small price correction. The intersection price of 608 is important. An upward move is expected if sustained. The 30 min chart on Market Profile shows weakness. Although a trade with...
Hey Guys! This is my First Post on Trading View stick to the numbers. Support if you make a profit.
Looking at the Monthly charts of TANLA SOLUTIONS, it has given a Breakout after a 10 year consolidation period. Can be accumulated near the 85-100 level. SL should be maintained at 65 on the EOD closing basis. This is a positional view. If the SL is respected the target for this trade is around 220-250. Respect the risk management first before entering the stock.
Check out this chart. why nifty reversed today. so many resistances were coinciding at the same spot. first 200ema is an important level.the trendline is also at the same level. also if you plot finonacci levels u will find 61.8% retracement level at the same spot. so many resistances are at the same level. so a strong resistance is at the level. now need to check...