Don't use any indicator, just see the price and take the action, called as PRICE ACTION.
Learn price action and see the power of price.
My Trade:
Entry: 710
SL: 650
Target: 800
This is Swing Trade, NOT INTRADAY
Regards,
Rathrola
AGRO TECH FOODS (ATFL):- BUY AT CMP 800 TILL accumulated 750/730 level for target 1100++ sl 680 wcb
#Disclaimer:-I just shared view for only educational purpose.
*Nikkei Trading near very important Fibonacci level 0.618 and made rectangle pattern.
* If breakout will happen we will see a big move around 20% to 30 % .
The spike early in the month from 725 levels should have touched the targeted 850. However it reversed from 844 !
The jump came in after a bumper results.
Now it should reverse all the gains of early November.
In a downward sloping channel.
at 1550 , a very strong resistance.
Last 3 months trading in a very constricted band of 1350 - 1550.
Be careful if it trades below 1300.
One hand loses another hand gains. ;)
Channel since March bottom at 61.
RSI was overbought with last week's rise.
At 92 levels lot of froth would be out a great great opportunity to get in.
Trend line Resistance at 395
200 DMA resistance at 418
One of the poorest performers in FnO since the march 22nd bottom. RSI had a good run.
Do you need justDial when you can log into Google.com.
It will be a good technical study to have AB endorsed brands vs Nifty 50 !!
