Fibonacci price clusters overlapping Time Clusters.. RSI oversold. For Educational Purpose Only
Final wave can take HDFC to 704 and Bearish divergence supports the pattern. For Educational Purpose Only
Turning out to be ABCD Fibonacci Pattern in the making. ABCD pattern seems be concluding at 27th May or 1st June. For Educational Purpose Only
BPCL Heading for 314.. Moving within channel For educational purpose only
Parabolic SAR closed the gap with price and indicated price reversal. Fibonnoci price projections shows 8657 as short term target. Stochastic also shows oversold trajectory and Arron Up will cross Aroon down indicating short. Ascending triangle pattern breakout at lower side.. Ananlysis for educational purposes only
Please find my analysis for RBL Bank solely for Educational purpose- Analysis :- Perfect Double Bottom Formation - Downward price trend, Two valleys at absolutely same level, Peak within bottoms at around ~9%, Volume moving down from Left to Right Confirmation - Above 133.25 but is a good bet at current stage RSI and Stochoastic cleary showing Oversold...
Bearish Divergence.. Wedge formation.. RSI divergence with price increase.. Stochastic overbought .. MACD bearish divergence
MACD line moving below Signal line and RSI indicator. Trend in line with volume, RSI and MACD line