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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Adani Port Rising Wedge

Adani Port after a decent uptrend from 250 to 380 levels has made a Rising Wedge pattern at the Top with RSI (14) negative diversion. Sell Below 370 levels for possible for Target of 335 Learning – Rising Wedge Pattern & Negative Diversion Rising wedge is a bearish pattern that begins wide at the bottom … Continue reading “Adani Port Rising Wedge”

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