Observations: 1) On 15 min time frame it has been making lower lows in price chart but on RSI it is making higher lows. Which can work as regular bullish divergence.
Please refer below chart.
2) On 1 hour time frame it has been making higher lows in price chart buy on RSI it is making lower lows. Which can work as hidden bullish divergence.
Please refer Chart below: 1 hour time frame.
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Trade Setup for Date 25-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) If it opens flat and goes down then pay attention to RSI if RSI takes support from this trendline then it will be buy trade signal coming but buy trade entry will start only on breakout of 1710 level.
3) Also use 1hour chart in the meantime to check and judge RSI. I will try if I can post update during live market in the comment section to update you.
4) Everything is mentioned on the chart. I hope it is easy to understand.
5) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Dagangan aktif
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Good to buy once it breaks 1710 and closed above it.
Actually all trades have a common pattern. Tata motor not breaking 85.55 decisively. Bhel not breaking 53.15 as well and BPCL also not breaking 473.70...
Now for other stocks need patience if it won't give any move today then it will no trade today in those stock and we can keep it on radar for next days.
Trading_hawk
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Date: 27-08-2021
Still facing resistance at 1710 level.
saurabhbakliwal1001
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@Trading_hawk, not sustaining 1710 and also not sustaining below 1698. Looks like BearVsBull