techmental_AK

techmental_AK

Bank Nifty : RSI divergence + channel break would result in a fall

techmental_AK

Granules could be a good buy above blue line : 393.25 Stop loss around 366 could give us a good RRR. (Or anywhere between 8 to 11%)

techmental_AK

All the levels and observations on the chart Analysis based on trend analysis + Fibo levels

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Trade trigger : Red candle (5min) closing below 2133.40 (Go short) SL : red line Targets : green lines

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Levels on chart

techmental_AK Updated 

Observations on chart

techmental_AK

Good bullish pattern Taking support around EMA 20 & 50 1392 would be the SL. Reward with 1:1 , 1:2 , 1:3 ratios plotted on the chart.

techmental_AK

1. Good buying volume 2. Positive Chart structure 3. Support at EMA20 4. 271~288 : strong demand zone 5. Past rally of 80%+ in last few weeks indicating strong bullish momentum

techmental_AK

Levels on chart

techmental_AK

Stock identification on 30min TF Trade & analysis TF - 5min 1. Hammer on 30min in demand zone 2. RSI divergence on 15min 3. Buying volumes from base levels (around SL) Entry, Targets & SL on the chart.

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Follow entry rule strictly RSI divergence + Inverted hammer

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Levels and observations mentioned on chart. Trade duration : 2 weeks to 2 months

techmental_AK

Levels on chart

techmental_AK

Follow entry condition strictly

techmental_AK

Follow the entry condition & SL strictly

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Blue line - entry Red line - SL Green line - target

techmental_AK Updated 

If it fails to sustain above 6205, might fall after breaking the sideways structure.

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If it breaks below the rising wedge / channel, it might show up a down move