just for study It is about to break the trend lets see which way it goes
BAJFINANCE is forming a descending triangle. With its Quaterly earning slated to be released on May 19th, the stock could sink further if the results are bad inviting a short entry. Consider booking partial profits if you are holding from 700-1300 levels. 1920-1950 is the support in weekly chart and if it closes below that on weekly basis then next support would...
As reliance have touched its All time high for the third month, it would be advisable to book partial profits at higher levels and could wait for the Fibonacci retracement for lower levels for buying in dips. Reliance has rallied more than 75% in just 1.5 months hence expect some profit booking and correction.
Short at the levels when levels executed.....
NSE:NIFTY NIFTY is forming a bearish diamond top on the 1 hour chart. The breakdown level is 11,111 for a confirmation. Target: 10822 SL: 11189
Gold is on fire and we may continue to trend higher.
Wait for Price confirmation and trade
Horizontal lines act as support and resistance
Muthoot finance taking a great support at 15 minutes. If it break below good fall happen and it if gap up on Monday it may go upto 1345 easily. This decending triangle might be a reversal to this short downtrend.