UPDATE – TATA STEEL TRADE SETUP

I have mentioned a trade possibility of Tata Steel as there is a rising wedge + negative diversion. Today Some steel stocks has breakout on the upside like JSW steel.. So now there is another possibility builds up that it might break the upper trendline of the Rising wedge. so now we have 2 possibilities … Continue reading “UPDATE – TATA STEEL TRADE SETUP”

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IDENTIFYING TRADE POSSIBILITY – EURJPY PAIR

EURJPY TRADE SETUP – How to see the Trade possibility ? 1. Trend – Identification of the Trend – “UP or DOWN” Price is making Higher Highs and Higher Lows – Trend is “UP” Price is making Lower Highs and Lower Lows – Trend is “Down” Now you have 2 possibilities – (I) Contra Trade … Continue reading “IDENTIFYING TRADE POSSIBILITY – EURJPY PAIR”

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TRADE SETUP – RELIANCE INDUSTRIES

SHORT TERM TRADE SETUP – “RELIANCE INDUSTRIES” Reliance Industries has made a rising wedge Pattern and also has negative divergence on RSI (14). Bearish Engulfing Candlestick Pattern at the Top also confirms that Bears are getting active. On Weekly Chart Price is perfectly moving into parallel Channel. Price has tested the Upper trend line of … Continue reading “TRADE SETUP – RELIANCE INDUSTRIES”

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