Entry- 640 SL - 590 Target - 790 Risk - 50, Reward - 150 RR - 1:3
CMP -565 Breaking out the range of 270-540 after almost 2 years. Looks interesting from Long Term perspective. Target - 800
Breaking Long Trendline supported by RSI Would it take support at it's 200 MA?
Making Flag Formation 2300 is a good support on hourly TF Break above 2400 should be upward breakout. Break below 2250 could lead to fall below 1850. Keeping on radar for now to see clear flag breakout signal.
RSI Divergence Doji candle formation today after a strong up move. Target - 3133/3035 Stop- 3353
It has formed a Gravestone Doji pattern in weekly chart, which is a sign of reversal. Plus it's recent up move was too steep to continue at same slope. It's going to take support back at the daily trend line. The high of 19th Dec was not supported by RSI and it has turned downward. Target - 1648 for next week
BPCL consolidating in a range since a month. If it breaches 500 on a closing basis, expect start of a downtrend.
Entry - 1620 Target - 1685 SL - 1585 Time Frame - 2 weeks