berinpahwa

berinpahwa

Buy opportunity- Bounce of critical level of support with RSI oversold

berinpahwa Updated 

PLS SEE NOTES ON CHART Triggers for long bias 1. 4HR RSI oversold 2. Mkt @ backside of downward trendline 3. @ 0.618 Fibs of last up move

berinpahwa

As you can see TATASTEEL has been trading between Support (green line)@ 1235 and Resistance (Red line) @ 1163 Reasons to go long: 1. Bounce off support 2. Broken downward sloping trendline with a bullish candle 3. RSI on 4 hr is oversold Stop- 1 ATR below green line (support) Target- Red line (resistance) Beware of volatility going into Budget. Happy trading

berinpahwa Updated 

Looking to go long 1. Inverse Head and Shoulders forming 2. RSI on 4 hr -oversold 3. Market at 50% retracement of last bullish move