TanmayBhalerao

TanmayBhalerao

Bearish Divergence being observed on the daily RSI for $SMH. Dabbling into the use of Ichimoku for the first time for target setting. Short Trade Idea for November Entry between 132-135 Target 1: 130.21 (Tenkan) Target 2: 125.30 (Kijun) Not sure about the stop loss. Going ahead with buying November puts.

TanmayBhalerao

GLD Bearish Divergence on the Daily

TanmayBhalerao Updated 

Gold should pull back here after hitting major resistance at 50% retrace from the all time high. I'm bullish on gold long term. However, with the current overbought levels (RSI touching 85), its time for a pull back to confirm the highs from last 5 years as strong floor/support for the coming bull market. (Thanking @markirvest for posting a similar idea with...

TanmayBhalerao Updated 

Entry: 770 - 760 Target 1: 720 Target 2: 700 Target 3: 660 Timeline: 1 month (End of July 2019) Stop Loss: Trailing Stop Loss with a start from 780