Hello guys,
We are seeing huge volatility from last few days, Nifty is down nearly 300 points from its recent high 5174.
It is forming double bottom near 4700, this level has to maintain and 4700 should not be break below in coming days. Any long position in Nifty must have stop loss below 4700.
In volume front we are not experiencing huge volume with fall, and RSI is diverging with price. These are positive points for bulls, lets see how Nifty will shape up in coming days.
Stop loss triggered in our long call Delta corp in this week, we are positive on LT as it has made strong piercing pattern with good volume on Tuesday. Long position in LT is advisable with strict stop loss below 1300.
We can expect 1450-1460 level in LT in short term.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
We are seeing huge volatility from last few days, Nifty is down nearly 300 points from its recent high 5174.
It is forming double bottom near 4700, this level has to maintain and 4700 should not be break below in coming days. Any long position in Nifty must have stop loss below 4700.
In volume front we are not experiencing huge volume with fall, and RSI is diverging with price. These are positive points for bulls, lets see how Nifty will shape up in coming days.
Stop loss triggered in our long call Delta corp in this week, we are positive on LT as it has made strong piercing pattern with good volume on Tuesday. Long position in LT is advisable with strict stop loss below 1300.
We can expect 1450-1460 level in LT in short term.
Happy Trading ....
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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