SHort SunPhama Target=350 Stop=410
Price is making double Low withrising RSI. GO long with SL=240 Target=Trail SL
This example is bets suited for RSI hidden divergence. We all know double bottom or double top RSi divergence to identify trend reversals. But with the help of Hidden divergence we can find out trend continuation. Lets start !! - On 18 April stock is traded 411 and RSI shows the 51.29 reading . - But it break the support level and fall further. - it again...
refer attached link below in "related ides"
Short bank nifty SL= 31100
Short TataMotor SL - 176 Target - Trail SL
Nice uptrend and consolidation. Price will not go up further. Time to short
Nice inverse head and shoulder pattern is about to happen if and only if price stops at the right shoulder (236) and made swing high then price may fall towards 210 in next month.
Ntpc stuck at the weekly trend line resistance and volume also very dry. Watch breakout on either side.
Trend start to loose its strength. You can trade if breaks the trend line.
Moving in range box . All know how to take trade on this
I am bullish on all the scripts from metal index. Sail ,Jindal steel,JSW steel,tata steel. All are trading above its weekly neck line which will act as good support for all.