Strides has broken head and shoulders pattern and in turn is below all moving avgs in all times. and closed at 341 where it had made 3 bottoms in may 2018 extremely weak stock which can go into a free fall mode to 250 280 levels ..
BANK NIFTY is breaking trendlines and moving avgs without any bounce is a serious worry which indicated no buying is coming to help for a bounce. rsi entering into the oversold region but also trigger a faster downmove to the 200 dma.
Waiting for retest to touch the trend line. Currently CE 3700 @ 3.55 Waiting for entry @ lowe price for CE 3700.
Wave pattern in correction might come till 75-68.
Query : I am taking very few trades per day. I am trying to take more trades, but i did not get my planned entry. Answer : One of the most asked question is this. Most traders think, if they trade more, they can get more profit. Trading is based on probabilities. If your trading plan has high edge, then it has more chances to reach the targets. My mentor once...
HDFC has been pretty resilient even in the NIFTY carnage.. looks like it is reaching a short term top an moving in a rising wedge. any break out of the wedge can see a decent correction..
HDFC BANK had a gap down today and never recovered suggesting weakness and also has closed below 100 dma. but has closed near trendline support of the rising trendline of the rally fom october 2018.. break below the trendline can take it to 200 dma in time.. use pullbacks to sell around the fgap formed today with HDFC Bank becoming weak, expecting bank nifty and...
Bearish Pennant pattern breakout with high volume. MACD gone below zero. The Length of Pole (AB) is the target. Monthly and weekly with bearish engulfing candles.