RSI and MACD divergence is visible on Nifty daily chart Does it mean there is trend reversal ? Any other technical indicator supporting this?
Pattern is formed clearly so one can take advantage of it. Pattern target is around 232.
Clearly formed pattern with alternate touches both sides. The stock is showing strength although market is in bear grip. One can expect the price in the range of 1110 - 1145.
Bank Nifty has formed a Wolfe Wave therefore one can watch the price movement and enter long. Since the index is in downtrend and is at a very good support level breaking it could drag the price further low so it is advisable to trade it with caution and stop loss.
Will Dow Jones witness short term reversal? *Marubozu Candlestick * Overbought RSI
This time Nifty is going to take immense time to get settle for fresh rally to break the Resistance of 9000 Points ( Failed to Break 2 times in Past) . So investors have excellent opportunity to take a position in the Range of 8300-8150.
MARUTI now at rising TL Support break down below 5790 can take it till 5650-5600 zone Having strong resistance at 5960-5975 (Double Top in lower TF) After a weak monthly sales number look good to short below TL or at 5870 zone
The stock has consolidated between the long channel and reversed from that zone. One can enter into the trade now with small stop loss and look for a profit of 150/162.
Nifty has formed the 3 drives pattern and try to reverse from this short time downtrend movement. Symmetry is the key to this pattern. Let's see how it works in coming days.
The stock has formed a channel at the bottom and gave the breakout so a trend reversal long trade is available at good risk to reward ratio.
Probably, SBI chart is self-explanatory, if you need any specific explanation leave a comment below. Happy Trading !