Range bound entire day & closed below previous day high. We can expect small correction tomorrow till 38500 & 38375 level. Long only above 38750 till 38920 & 39050.
Everything is mentioned in the chart. Buy only if breakout from resistance for target mentioned in the green.
It could be the change in momentum and from this point we can see 60/70% gain in few months. This is also strength in RSI from last few days.
IRB Swing Trade supported by moving average. Entry above resistance 171, SL 160 Target 190.
Currently trading above support of 120. Once sustains above 134 could be a good Buy for Short or long term.
Follow Trend lines, Another breakout expected in few days
Swing Trade Target - 530 SL - 448 Short To Medium Term Target - 593 SL - 430 Long Term Target - 818
Breakout expected above if sustains above black line in 2 hours time frame. Good for Swing Trade also.
Trading at the good support. If breaks 17940 then can go short for 17840. On the upside day high will act as resistance. sustaining above 18k will push market to 18145.
Swing Trade based on MA & Double Bottom support Buy above Black SL Red Target Green
Watchout for Breakout tomorrow. Everything is mentioned in the chart.
Trading at 50 & 200 SMA Support Buy at the breakout from the triangle for the target mentioned in green.
Closing at the day high is major sign of bullishness. Tomorrow's strategy. Mostly likely expecting to be the range bound day tomorrow. However, 1st scenario - Gapdown opening and support of pivot then long till 1st green as target 2nd scenario - Gapup opening and resistance at 1st green line then short till pivot. It will create double top pattern like we saw at...
Tomorrow if opening between CPR and any breakdown from there then market may try to come and test the support of previous breakout (Blue Line). Or in case of support from CPR then we may see BN forming a new high.
Major support from 38180 to 38100. Short Below 38100
Buy at the breakout from the triangle for the targets marked as green.
Buy once breakout from triangle, SL below the breakout candle.
To identify any divergence, first of all look at the current structure that the price is forming like the above case, Price is consolidating at the same place and when we look at RSI it is forming up Higher highs and Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing & is not inline with the price,...