RecapFinance

RecapFinance

In the write-up, recapfin.com/2021/05/31/rbi-warning-bells-vs-market-indicators/ we had talked about the position of Nifty considering various market indicators and gave the levels 15886-16000 as major resistance points which Nifty seems to be respecting since May 2021. A combination of indicators and factors have been identified and discussed in the article, that...

RecapFinance

Let's "sail" the flag - Flag pattern (Bullish) - On 50 DMA support - RSI trendline BO entering into the bullish zone - 50% at CMP, rest after 140 ONLY FOR EDUCATION PURPOSE

RecapFinance

Trade setup - Cup and Handle (D) - Volume building up - ATH breached - Fibo. retracement levels - Buy at dips till retracement levels Only for educational purpose

RecapFinance

Trade Set up - Cup and handle (W) - Golden crossover - Volume started to build up - 50% at CMP, rest after 600 Only for educational purpose

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Ready to swing? - Rejection at the support of channel pattern - RSI momentum and volume spike to come - Entry at CMP with target: 615 and SL: 495

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- 50% entry at CMP 87.4, rest after 94 - Huge volume and RSI bearish zone rejection can help the stock break past its strong supply zone. ONLY FOR EDUCATIONAL PURPOSE

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- Bounced back from its strong support of 50 DMA - RSI gaining momentum (bullish over 60) - Darvas box BO appears on the cards

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- Cup and Handle (D) at a major supply level - Volume spike - RSI in the bullish zone (>60) on daily but not yet on weekly - 50% entry at CMP 59.95, remaining after 65 (pattern BO and 200 DMA crossover) Only for educational purpose

RecapFinance

- Cup and Handle (D) at a major supply level - Volume spike - RSI in the bullish zone (>60) on daily but not yet on weekly - 50% entry at CMP 59.95, remaining after 65 (pattern BO and 200 DMA crossover) - r:r = 1:2.5 Only for educational purpose

RecapFinance

- 40% entry at CMP 2781 - Remaining after crossing 50 DMA and descending triangle & RSI trendline BO - Buy on dip till 2600 - Near strong support of 200 DMA (+ve) - +ve divergence on RSI but still in the bearish zone - Appears to have a limited downside and reversal looks possible - less than avg volume (-ve)