Intraday set up 2- GodrejProp EMAs + S/R + Divergence
The resistance level at 2390-2400
SELL IF THE ZONE IS RESPECTED WITH SELLING DIVERGENCE CANDLE.
If 2340 is broken with volume, we will see more downside till 2300, 2250 is major support and will require a huge volume breakout.
Against the higher timeframe trend, step in with limited quantity.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
4) Anchored Vwap
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
SELL IF THE ZONE IS RESPECTED WITH SELLING DIVERGENCE CANDLE.
If 2340 is broken with volume, we will see more downside till 2300, 2250 is major support and will require a huge volume breakout.
Against the higher timeframe trend, step in with limited quantity.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
4) Anchored Vwap
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
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