With the Big Event tomorrow one thing noted is that all Banking stock are showing visible negative divergence in RSI - 14 .
Above all the rally is already 1 month old and showing signs of Exhaustion .
Would be selling at the rate cut announcement Targets on the down side are 7640 - 7550 - 7465 . .
It will be a roller coaster ride so manage SL as per your Risk . Upside limited to 7840 - 7890.
Happy Trading ! !
Above all the rally is already 1 month old and showing signs of Exhaustion .
Would be selling at the rate cut announcement Targets on the down side are 7640 - 7550 - 7465 . .
It will be a roller coaster ride so manage SL as per your Risk . Upside limited to 7840 - 7890.
Happy Trading ! !
Nimesh bhai nifty forming -ve wolf wave,1st has to complete final point 5 at 7850/7870 and then break of rising wedge for a tgt of 7610
ReplyDeleteAgree Bhai :)
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