Weekly Review (22-27) Failed Trade SBI INDIACEM Success Trade TataMotor INFIBEAM NIFTY TECHM Ongoing Trade ASIANPAINT (big loss so far.but opition trade Jun29 Expiry) FAILED RATE : 34 SUCCESS RATE : 66
Confluence Looks like double top RSI bearish divergence RSI Overbought Slightly looks like rising wedge
Now Tata motor in strong support/Resistance point. will follow the down side channel or after little retracement, price may go high.
There is chance of reversal in tata motor. Confluence three buddha top candlestick pattern inverted hammer in the top touched strong resistence. i hope there will be retracement before breaking this resistence.
Short Trade Strong Resistnce zone 2670-2650 there is big chance of reversal in price. RSI OverBought Strong Resistence but wait for candlestick show any reversal signal
i hope,nifty will come to (9360-72)strong support zone. and price will bounce back from this support zone.
Friday SBI broken the resistance with large volume. and also making higher high for last two weeks. there is chance of new higher high in coming weeks Target 327 SL - 301.50
strong support at 203 .so price will move once again in this range. swing low as Stop Loss 202 . and risk reward ratio 2:1.
BAT PATTERN (TECHM 1 Hr chart) LONG TRADE
i hope Price will bounce back from this support level(435). First Target 440