Negative divergence seen... Price is previous support level, if u watch weekly charts one can understand, as RSI facing resistance...
Keep stoploss at 48
Targets - 43, 42.1, 40
Keep trailing the stoploss
Buy above 1251 with stoploss at 1230
Target 1 - 1258
Target 2 - 1271
Target 3 - 1289
Target 4 - Channel top
Always trail ur stoploss
1.Price moves upside inside a channel
2.RSI Momentum takes support at previous point
3.MACD is showing small divergence and is above positive
4.Price is taking support at 200MA
This is again forming a rounding top after several months. As per the Inversed cup and handle, Breakdown likely to occur.
1. Facing Resistance in previous price range and RSI (Momentum)...
2. Facing resistance in 50EMA...
Thesis fails if it breaks 50EMA...
Sell with stoploss little above 50EMA...
Short below the red candle because of breakdown from the Ascending triangle.
1. RSI Triple Top
2. Breakdown from Ascending Triangle
Blue lines are potential targets.
Candle high as stoploss