Namaste!
Any stock can not sustain it's bullish behaviour, without a correction.
Reliance has to correct, before going up again. It is the proved nature of markets.
Why selling any stock is a good idea.
1. To buy it back at a lower prices,
2. To full-fill urgent needs of money,
3. To let the weak hands enjoy the euphoria and not to stay in the markets when...
NSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF.
Entry : 484.50
Target : 464/448
SL : 510
RR : 0.8/1.4
(2nd target for better Risk Reward Ratio)
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade.
Entry : 4920.30
Target : 4650
SL : 5225
RR : 0.9
NSE:LT Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai & Technical services, headquartered in Chennai.
LT forms Shooting Star after an uptrend and gave closing below...
EURUSD - Selling Opportunity.
Timeframe analysis: 1H.
Selling opportunity in the EURUSD pair after a multi-timeframe analysis revealed the following convergences:
- 4H: Fast-moving average acting as resistance.
- 1H: Slow-moving average acting as resistance.
- 15min: Fibonacci level (-0.236) acting as a point of exhaustion of the bullish momentum (pullback), thus...
NSE:ACC ACC Limited (Formerly The Associated Cement Companies Limited) an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.
ACC...
If 15 minutes candle closes, only then take a trade.
Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before trading or investing.
Attached: Nifty 50 Daily Chart as of 7th July 2023
Price has closed below PDL marking the End of the 5 wave rise that makes up either the 3rd Wave or the C Wave
In both case, whether it is there 3rd or the C Wave, post completion of a 5 wave impulse be it whatever degree of the wave, there has to be a Retracement at the very least
Price has 2 downsides going as...
