1. 2.5 DEVN on bollinger bands applied..
2. RSI divergence on daily chart on 01 june ..
trade set up:
1. when one seen this RSI divergence and that to on oversold territory as per the bb2.5 devn .
2. one then goes on a lower time frame and waits for the 20 MA to be broken...
3. setup gave a entry on 05 june on hourly charts at 296.6 when it broke the hourly 20 MA..
4. trade was entered at 296.6..
today on daily chart also 20 MA has been broken where addl posn wer taken...
targets are as shown with REd lines...ie 447 and 401...
SL : close above 20 MA on closing basis ....
disclaimer : bias as might be having short posns....
2. RSI divergence on daily chart on 01 june ..
trade set up:
1. when one seen this RSI divergence and that to on oversold territory as per the bb2.5 devn .
2. one then goes on a lower time frame and waits for the 20 MA to be broken...
3. setup gave a entry on 05 june on hourly charts at 296.6 when it broke the hourly 20 MA..
4. trade was entered at 296.6..
today on daily chart also 20 MA has been broken where addl posn wer taken...
targets are as shown with REd lines...ie 447 and 401...
SL : close above 20 MA on closing basis ....
disclaimer : bias as might be having short posns....
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