Gail has completed impulse wave of some degree as 1 to 5 and now is in correction phase likely to be a b & c, as per our view,
there could be a good probabilities of price to go down towards 125 to 130 zones, if situation goes as presumed then we can get any one trading opportunity from two options mentioned below.
First trading strategy option is
sell on rise with stoploss of 163
Second trading strategy option is
if price does'nt rises then sell only below this black line
with breakdown candle's high as stoploss
two trading strategies are possible to trade
there could be a good probabilities of price to go down towards 125 to 130 zones, if situation goes as presumed then we can get any one trading opportunity from two options mentioned below.
First trading strategy option is
sell on rise with stoploss of 163
Second trading strategy option is
if price does'nt rises then sell only below this black line
with breakdown candle's high as stoploss
two trading strategies are possible to trade
volume comparision
bearish divergence in macd and price
bearish divergence seen in rsi & price
macd in weekly bearish
macd in daily is bearish and also below zero line
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.