SoD_Weekly

Updated
πŸ”΄ Price volume breakdown with volume spurt of 233% to previous day & above SMA25.
πŸ”΄ Stock showing fatigue after an extended one way rally. Good to #Short below 3800 HCB.
πŸ”΄ #InvertedHammer candle stick pattern and SoD candle formation on weekly scale.
πŸ”΄ Stock fail from monthly R2 levels. Till thats not taken out chances of correction high.

🟑 Previous chart didn't trigger. This time it looks better to create a #Short with protection.
Note
Disclaimer: stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).
Note
Still holding the TrendLine support comfortably. Need to wait for it to break. Trade not activated yet. Once trendline is broken or swing low is broken, will enter into the trade.
Note
🟒 Broke the trend line and made low of 2700 nearly 100 points.
Chart PatternsTechnical IndicatorsTrend Analysis

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