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INDEX EXPECTED MOVE BASED ON STOCKRSI + CHANNEL RANGE AS ITS SEEN 👉 BANK NIFTY IS TRADING IN A RANGE/CHANNEL STOCHASTIC RSI IS ATTACHED TO CHART AS I FEEL IT WORKS BEST WHEN THE MARKET IS TRADING IN CONSISTENT RANGES. IF WE JOIN STOCH RSI TOP/BOTTOM WITH TREND LINE AND MATCH IT WITH INDEX WE SEE UPWARD REVERSAL WHENEVER STOCK RSI HAS TOUCHED ITS SUPPORT LINE TAKING INTO THIS IN MIND THAT THIS TREND WILL STAY ON FURTHER - A BUY CAN BE SEEN IN 2ND HALF AFTER A BOTTOM HIT IN INDEX WITH KEEPING TARGET LEVEL NEAR TOP TREND LINE disclaimer - join your own study for taking trend and comment your views traders
NSE:BANKNIFTYLong
by sankhyainvestments
BANK NIFTY forms lower low and lower highin the hourly time frame it has bounced from over sold condition and there was hidden divergence. let me see if I can attach snap shot of hourly time frame. red line in the stochastic pane is the level where bank nifty can take support if it falls. In coming days market may be volatile . I am not at all bearish but some correction may take place before that bounce. today's bounce is not significant for bank nifty to continue its uptrend. if it over take today's we can be convinced that up trend has continued again.
NSE:BANKNIFTY
by bijoy2526
2
2/11/2020. Perjalanan FBMKLCI kita~SEJARAH MUNGKIN BERULANG ~ Saya sangat suka membandingkan pergerakkan FBMKLCI kita pada tahun ini, 2020 dengan 1998. Chart pattern yang dibentuk seakan sama. Salah satu law teknikal analisis merupakan "History will repeat itself" mungkin akan berlaku. Mengapa saya mengatakan begitu? Jom kita bandingkan 1998 dan 2020 1. Chart pattern 1998 - Candle membentu V-shape recovery 2020- Bentuk yang sama iaitu V-shape recovery 2. SuperStoch (Indikator sendiri) 1998 - Semua line stochatics berkumpul di bahagian oversold 2020- Perkara yang sama berlaku pada tahun 2020, stochastic telah berkumpul dan menaik 3. RSI 1998 - Naik dan membuat sedikit retracement pada jalur 39 2020 - Naik dan sedang membuat retracement pada jalur yang sama (39). Jika lihat bulatan hitan, kini RSI akan bermain sekitar 39 dan jika berlaku sedikit kenaikkan pada RSI, harga akan melonjak. (Bandingkan dengan 1998) Pada pendapat saya, FBMKLCI akan melonjak lebih daripada sebelumnya dan mencipta new high. Namun akan mengambil masa beberapa tahun. Penafian: Ini hanya analisis untuk tujuan pembelajaran sahaja.
FTSEMYX:FBMKLCI
by Fahmifuad
1
Failing W pattern in Shree CementShree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend. Here's why I'm short: 1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position) 2) Bearish engulfing candle after a nice bull run. 3) Stochastic RSI overbought. Target: 18000 SL: 20720 I've also given a screenshot of Shreecement in a lower time frame of 15 min, which gave me further conviction to go short.
NSE:SHREECEMShort
by bhagat109