IF CLOSES BELOW 230 , BANDHAN BANK SHORT TARGET TILL 165.
MOTHERSUMI BEARISH BELOW CLOSING BELOW TREND LINE
RSI: showing divergence (showing bearishness) also price is trading near 21 EMA, filling up gap (price & EMA). IF price closes below EMA 21 and also closes below trend line..stock will break
closing price on daily time frame is taking support at 21 day EMA.. The will surely come below this EMA...will wait ans short below this level
price action at above resistance zone, will define exact movement of stock. However, stock is in uptrend & volume also confirms the trend i am bullish from here. Will take long positions after closing above this zone.. VIEWS ARE ONLY FOR SHORT TERM
i have mentioned my targets on NIFTY 5 as per current situations.
PRICE ACTION NEED TO BE OBSERVED AT RESISTANCE LEVEL, PRICE MOVEMENT + GOOD VOLUME + CLOSING ABOVE TREND LINE ---BUY POTHER WISE SHORT
MOVEMENT WILL DEPEND ON OPENING PRICE & MOVEMENT OF NIFTY. IF PRICE OPENS ABOVE, TREND LINE, THEN BULLISH. WILL SHORT ONLY WHEN PRICE MOVES BELOW TRIANGLE