Signals Change view do NotThe hourly Rohits momentum indicator gave abuy signal that failed and flipped back to sell, which allows for risk management by traders but that does not change the Elliott Wave view that we are in wave II. That requires deeper thinking and observations. The only alternate is wave 5 was truncated and the recent top ended an 18-month bull phase. Time will tell which is right.
Oscillators
Isec Long (13 Jan)Isec Long (13 Jan)
Around 5 months consolidation is over
Buy at CMP- 800
SL- 751
Target- 877, 916
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Swing Trade for Long Position Near Resistant If CESC Sustain above 93.05 and closes then there is a good chances of achieving the TG1 95.80-96 & TG2 98.35-98.70 with the stop Loss of 90.80-90.60 which ever is suitable according to you
And if you see Weekly Candle then it closed above 92.15 which is a good signal, My prediction is that if it breaks 93 then we will see a good move with in few days. even RSI looks good.
But The last candle formed on 14 jan is hammer and it a sign of trend reversal as well so dont get trapped.
Note: I Dont have mastery in technical analysis, do your own Analysis as well i am just sharing my view. I'm open to new ideas and flaws in my analysis, so please do comment and share your Views.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
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and
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and
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