Consolidation(1yr) after an uptrend. Look for B/O of the trend line. In W tf RSI took support at 40 zone -- we may have bottomed, place stop below it.
RSI has given a b/o -- a leading indication of RSI -- Look for price to b/o in near future. With Nifty showing weekly mean reversion, price b/o may not be likely this week or next week - but nothing is certain in the market. My expectation -- a rectangular range might form in the hourly tf, look for its b/o.
Look for strength in ensuing days, and a strong b/o. Target: 200 Dma on weekly chart. It may move further, look for strength.
Long opportunity in escorts; price has begun to hold the 20 dma and broken the 200 dma. Enter on the retrace to the 20 dma.
Not the most perfect pattern, but GAIL is fundamentally strong. Might turn out to be a trade.
Buy if the high of the last candle (breakout) breaks. SL at the low of the concerned candle.
Weekly RSI reversal. Daily near 200 DMA with reversal candle.
Weekly uptrend (RSI above 60). A pullback on daily, supported by 50 SMA.
If the price breaks L3 (₹≈ 887), look to buy. Target: 950 Strategy: Camarilla Pivots.
Poster JSW steel yesterday. Single-day would've fetched you 7%-8% (30-40% with intraday leverage). Swing entry is still possible with SL around 487.
Daily chart shows the price near the support zone and 200 DMA. Weekly chart shows institutional support and trend reversal.