Clear RSI divergence seen in Nifty. Nifty made Higher High but RSI made higher Low. Be cautious on taking long position now. Just my view not any recommendations to take trade.
Earlier posted around 202 around break out levels now moved up to 214. Enjoy the profits and ride on the trend.
Trading in demand zone. After trend line break up we can expect good risk reward ratio. Fundamentally strong stock. Currently underpriced - PE Ratio -16 RSI strength showing positive divergence. Let's grab in discount sales
IGL trading in the support zone. Tried to break out trend line. Couldn't able to do that on Friday. Let us see how it moves on upcoming days. Fundamentally strong stock. PE Ratio - 16 - Under priced As you see in the RSI chart , we can see the positive divergence which is a positive sign. So, it is in a discount sales, lets grab it. This is personal view,...
After trading demand zone. Stock has moved from the bottom and given triangle breakout. Had long position from 382 and holding. Target can be 420 and Target 2 can be 440 levels. Stoploss around 380 levels. One can enter after retesting trendline levels for long.
After big fall, Petronet has trading in support zone. Given triangle breakout and back to back day volume, awaiting for breakout. After cross 204 -205 Resistance zone, we can expect sharp move towards 240 levels. Stop loss should be below support zone 192 levels. We can expect 1:2 RR ratio.