VaibhavG1910

VaibhavG1910

RBL Bank forming Inside bar setup on Weekly TF and Daily TF.

VaibhavG1910

-Daily TF (Left) Triangle breakout failed RSI divergence (Bearish) High volume candle of sellers not letting price close above it, Lower High formation -Hourly TF (Right) Double top Formation at breakout Pivot Support at 4312

VaibhavG1910 Updated 

Flag and Pole was formed in 1hr TF, the target has almost been achieved. There is a crucial level of 3563 is a strong resistance. Price increasing and Volume is decreasing also indicates bearishness. On top of the trend price is forming a bearish divergence. On a daily timeframe, there is a inside bar formation.

VaibhavG1910

-Marico was stuck in range since June, forming a Range contraction setup. -Before breaking out, it forming inside bar formation and finally gave close above trendline. -RSI has been facing rejection from 69-70 levels in the past, though RSI has broken out will watch out if this time RSI is able to break resistance