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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