Nifty is overbought on hourly, daliy, weekly and monthly timeframes (stochastics above 95)
Nifty daily candle formed a DOJI yesterday (at the top), and is now trading below yesterday's low.
This can be a potential reversal.
How can this be traded now?
Buy 8000 PE on dips, with sl below recent low (42.5), for a possible T1 of 100.
If this PE crosses 120, 150 is also possible.
Nifty daily candle formed a DOJI yesterday (at the top), and is now trading below yesterday's low.
This can be a potential reversal.
How can this be traded now?
Buy 8000 PE on dips, with sl below recent low (42.5), for a possible T1 of 100.
If this PE crosses 120, 150 is also possible.
Happy trading !!
1 comment:
Thanks Sir,for your valuable guidance. Learning a lot about TA from the charts your posting and from your recommendations.
Thanks once again
Shailesh Gokhale
Mumbai
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