RELIANCE COMM LTD, SUZLON ENERGY LTD, RELIANCE POWER, PUNJAB NATL BANK, JAIPRAKASH ASSOCIA, ICICI PRUDENTIAL A
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weekly trendline BO with BO in rsi levels BUY @ 386.8 sl @ 355.5
South bank short. SL - 29.15 RSI DIVERGENCE MACD DIVERGENCE
SBIN SHORT - 1 ) RSI Bearish Divergence 2 ) Price cycle theory. Price faces resistance at trend line
Stock made higher lows but RSI & MACD caused a divergence. No specific target TRAIL SL method to be used. Trend confirmed by Super Trend.
Price makes lower low while RSI and MACD have showed a divergence with super trend confirming the trend.