It would be a good idea to check your risk management systems!
There have been only 4 instances in the last 20 years that 14-period #RSI has been above 85.
The sample size is too small & there's an element of hindsight!
But it definitely suggests we're at the extreme of the rally!
More from Hardik Upadhyay, CMT.
#Infy is o/s at previous consolidation and trendline support.
Is it a beginning of a trend reversal or just a pullback?
I believe it's the former!
We'll find out tomorrow!
#Infosys #Q4FY21 #FY2021 https://t.co/faOahvcgPK
Is it a beginning of a trend reversal or just a pullback?
I believe it's the former!
We'll find out tomorrow!
#Infosys #Q4FY21 #FY2021 https://t.co/faOahvcgPK
Key reversal bar...#Infy pic.twitter.com/3GeYoty9KZ
— Hardik (@tradingwithdyr) April 12, 2021
On track to 5850...
As per traditional chart analysis, the breakout from the flag can extend by a distance of the flagpole which gives us the price objective of 5850 or thereabouts.
Let's see what happens!
#ApolloHospital https://t.co/jHgjR2WThe
As per traditional chart analysis, the breakout from the flag can extend by a distance of the flagpole which gives us the price objective of 5850 or thereabouts.
Let's see what happens!
#ApolloHospital https://t.co/jHgjR2WThe
Looks like a Flag to me...
— Hardik Upadhyay, CMT. (@tradingwithdyr) August 30, 2021
A flag pattern is a continuation pattern that suggests a short-term consolidation in opposite direction preceding a strong move.
A breakout above 4850 could have a rapid movement!#ApolloHospitals pic.twitter.com/q7g4enQjRY
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🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Prabhu says i reside in the heart of my bhakt.
— Right Singh (@rightwingchora) December 21, 2020
Guess the event. pic.twitter.com/yFUmbfe5KL
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"