TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 10 times.
1)Some appreciable move expected .
2)Divergence between oscillator and price
3) Bar on 19/07/2019 is bearish engulfing of previous bar.
4)It happens to be an inside bar and coincidentally NR7 bar, hence we expect some good movement in coming days.
5)But question is upside or down side?
6) we should adopt inside bar trading strategy here.
7)It appears to be down...
1) Flag breakout; retesting the trendline
2) Delivery Volumes on recent 10% falls were low
3) Yesterday it bounced back from trend line with large volume
4) Recent results were good
Negative - RSI on daily still in oversold and shows a range shift 2) Share pledge
It has been observed that the price action bottoming out as it formed an exhaustion candle stick at support zone, indicatng sellers exhaustion and now it breaks above the downward trend line indicating buyers comeback and it shall further rally from here on if it manages to close above 1000 levels.