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Rsi-2

Reliance, Bearish trendThree different charts shows multiple confirmations of the bearish trend The D point of the previous Harmonic chart at the top side of the chart shows the reversal area and it respects. A new Harmonic chart is generated and the price moving towards another D point, lower side of the chart And finally a Bearish Head and Shoulder pattern formed. In addition to the above observations, RSI bearish divergence respects. The given information is for STUDY purpose.
NSE:RELIANCE
by Reverse_Trading
3
#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
Tata Steel: Another breakout attempt. How far it can carry? TATA STEEL: The stock made an breakout attempt on 4th November but didn’t quite make it. The prices retraced into the cloud only to take support at the Span B plus TS line. The RSI is well into the bullish range and MACD is forming a bullish hook pattern. At 440 a strong resistance is placed. An attempt to test 440 levels can be made by the stock. Activity at those levels should be monitored and as further course will be decided at the price action formed at that point.
NSE:TATASTEEL
by BharatJhunjhunwala