Be prepared for both sides
wait for 15 min candle to close if breaks above
Wait for 5 or 10 min candle to close if breaks down, because selling comes fast
Note: only for educational purpose, I'm not sebi registered guy
Given beautiful breakout from W pattern and retraced, Good time to enter with suitable RRR.
Risky traders enter now
Who wants to play safe can enter above 970
Target 1:2 at least
Note: It's only for educational purposes, I'm not SEBI registered guy.
Ping me if you have any doubts or analysis
On-Demand Posted, Not a recommended trade
this stock is in sideways if one wants to enter wait till price takes good support with a good candle and volume, with suitable RRR take the trade.
Note: ita only for educational purposes, I'm not a SEBI registered guy
Beautiful rectangle pattern,
If breaks above in 15 min candle go long
If breaks below in 5 or 10 min go short
Ping me if you have any doubts (or any stock analysis)
Note: I'm not Sebi registered guy, Its only for educational purpose
SBI Card looks good for buying in multi time frame analysis
In weekly, it has created hammer at very strong support, can buy above last week high, and Stop loss below previous week low
In daily Piercing candle and good volume
Rsi moving above 40 in daily which shows sideways or uptrend market
Open interest showing short covering and long buildup...
The analysis is simple 25 ema crossing 50 ema ( faster ema is crossing slower ema from below ) which is a long signal is mixed with some more technical analysis as you can see in the chart.
The stock has given a good breakout and retraced just like the textbook picture.
Invest only if breaks the resistance and shows good price action (HL and HH),...
reliance may fall there are several reasons
1) it has formed a head and shoulder pattern and has given a breakdown.
2) if you notice breakdown candle is bearish "marubozu", showing people are selling at all prices.
3) it broke 50 ema showing weakness in the stock
4) RSI is below 50 showing bear grip
5) it has to take support now at the support...