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praveen.bhatiya
5 Haz 2018 14:02

PF/RSI reversal setup Alış

CIPLA LTDNSE

Açıklama

The price has been forming Right-Angled and Descending Broadening Formation since last 6 months now it may try to touch the other side of the pattern. Interestingly it makes good up move whenever RSI comes back from oversold zone marked in the chart. Currently it is in the same situation. Pitchfork seems to be good catching the price movement and the trade is available at the Lower Median Line so the SL is affordable. One can buy the stock at current level or on dips by providing low of today as SL. One can expect minimum Median Line touch as target.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

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Yorum

Excellent trade rewarded decently :) Thanks universe
Yorumlar
praveen2789
congrats!!
praveen.bhatiya
@praveen2789, Thanks Yogi ji :)
yossarian121
Excellent chart. Very well explained.
praveen.bhatiya
@yossarian121, Thank you Sir hope it would turn profitable to all.
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