INTRADAY-SWING SHORT POSITION IN RELINFRA SEPTEMBER FUTURES SHORT@470 STOP@477 TARGET@462.5 LOT:1300 QTY:2
LOOK IN THE CHART....
LOOK IN THE CHART....
LOOK IN THE CHART PLEASE WATCH FOR THE CLOSING
PLEASE WATCH THE CHART LEVELS CLOSELY BEFORE REACTING TO MY CALLS........ I HAVE NOT ADDED BOLLINGER BAND LEVELS IN THE CHART BU THE STOCK HAS NEARED ITS 2-STADNARD DEVIATION LEVEL WHICH FACTORS 95% OF THE MOVEMENT. ITS A RISKY TRADE WITH STRICT STOP-LOSS LEVELS TARGET IS SIMPLE AND EXPLAINED IN THE CHART BUT ONE CAN EVEN USE THE TREND-LINE TO ENTER AND EXIT...
Mind tree Ltd Starts to move down, fundamentally the EPS of this stock has been reducing for a few years, The rest explained in chart.
RSI Overbought on Weekly Chart and looks like Nifty to form a Evening Doji Star Candle pattern. Its indicating the bearish movement on Nifty and the levels are measured by fibonacci.
The price movement are being captured beautifully by Bollinger Band and one can observe that whenever it has traded out of the band, it has given a nice opportunity to trade the reversal. We can apply the same method and short the stock by providing appropriate stop loss and look for the target of middle/lower band.
Today's big Black candle which engulfed the last 2 candles and closed at lowest level is showing the forthcoming weakness. It is also showing bearish divergence in the overbought Zone. One can short the stock at the level where Stop Loss of 1102 on closing basis is affordable to them.
With reference to my previous post on learning how to use RSI Divergence for trading. I've observed a beautiful trade is developing. The trade is almost ready so one can put it into their watch list, observe the price movement and take timely action.