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Reversal

Victor Sperandeo 2B Reversal Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. We can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:BERGEPAINTShort
by praveen.bhatiya
Problem with RSI1. No Entry - Exit Pair As clearly seen, RSI shows 3 OverSold or Long Entry Regions but do not show even 1 OverBought - Long Exit Regions. Price falls after each Long Entry Regions 1 and 2. False Buy Regions. Most of the traders have no clue on when to sell, if they buy at Entry Regions. 2. Remains in OverSold or Long Entry Regions for so long and Price is falling continuously. As seen, entered into OverSold region @ Low of 2835 and finally came out of the region @ Low of 2808 Again, Most of the traders have no clue on when to sell, if they buy at this entry regions. Either most of the traders will loose on profits, if at all they make or will make losses, as price is seen to be falling and no clear indication of Exit. ---------------------- Retracement and Reversal indicator 1. shows Red @ 2900 levels, RSI was not in OverBought Region. 2. does not show Green at Entry Point 1 and maintains Red. No false Buy Signals. 3. shows that this Entry Point 1 and Entry Point 2 are infact Retracements in a down trend as shown by "2. Single Level Retracement" - Gray regions. For more about Retracement and Reversal Indicator check out details at "Retracement and Reversal" indicator never predicts.
NSE:BAJAJ_AUTOEducation
by mehul1974
Bajaj Fin Serv - Retracement and Reversal1. No Retracement: Buy on Green. Sell on Red. 2. Single Level Retracement: Buy on Green. Sell on Red. are Retracement of an UpTrend and are Retracement of a DownTrend. is Reversal from DownTrend to UpTrend and is Reversal from UpTrend to DownTrend. 3. Multiple Level Retracement: Buy on Green. Sell on Red. For High risk Traders: In an UpTrend Light Green is an Early Sell. In a DownTrend Light Green is an Early Buy. Retracement and Reversal Visual Indicator "Never Predicts". It indicates the following: 1. "Is Rising" (Greens) 2. "Is Falling" (Reds) 3. "Is Retracing in an UpTrend or DownTrend" (Grays) 4. "Is Reversing after a UpTrend or DownTrend" (Green-Gray-Red or Red-Gray-Green) See more details at
NSE:BAJAJFINSV
by mehul1974
Broadening Wedge/ Morning Star Good RR TradeMorning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under Entry 276 SL 262 Target 311 RR Ratio 2.50 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NSE:CHENNPETROLong
by praveen.bhatiya
Bottom Fishing : Risking small amount in direction of market. Price has already made 3 down drives, now coming out of RSI oversold zone, Engulfing bar at double bottom zone today. It may not be a high probable trade but still worth risking small amount. One can expect at least thrice the reward of risk being taken. Stop Loss some ticks below the recent low on closing basis. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NSE:BELLong
by praveen.bhatiya
3
Inverted Head and Shoulder ReversalThe stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for investment. Short term traders can also trade the pattern on seeing some strength. RSI came out of oversold zone and currently at 50 is also confirming the decision.
NSE:SUNPHARMALong
by praveen.bhatiya
4