Short on every rise No SL as volatility continues Target: 9900-9800-9700-9600-9500 All targets will be hit. Mark my words Sell on every rise. Book profit as per risk appetite. Strictly positional view, No intraday Below 10,000 panic will start now. Go with the flow and earn money. Don't short on Lows, Short on rise.
The final structure looks like an expanding ED . In that ED we cannot be sure where we are in wave 3 or wave 5 of the ED . If it is wave 3 then a little more pain is in the offing . I feel we are running the final legs of a complex running flat formation in Nifty which would end wave (iv). Lets see. Idea is to trade with the trend . And frm this we know that at ...
I've seen a nicely formed Flag pattern which has given breakout with gap. Although there is nearby support at 142 level so one has to be observant at this level for fixing the price target for this trade. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
Bearish Engulfing On weekly chart Nifty likely to be in Downtrend for 4-5 months So Avoid any new purchases, only go with fundamentally strong company for long term aspects only. Meanwhile within these 4-5 months Nifty will try to consolidate but that will be a temporary thing, Don't fall for it, Remain Extreme Cautious
SBIN looking weak on chart but there is big consolidation range (224-240) that can help to pull back in SBIN. This range is best for accumulation but if there is breakdown than you can see the level of 160 too so Stay away for now and try to buy only above 244 and avoid short now. Just short in stock below 224 then you can see the big lower target in that.