These two points are -ve for trade in short side. Minor and weighted supports have existed. The excess(f) might be performed as excess and price can move still to the channe l. Suppose to, this stock is entered into the bearish zone, it will not back 7605 above.
It seems Auto sector has started showing its strength. Maruti looking good for delivery as mentioned on the chart
HDFC BANK NSE : HDFCBANK : Long & Short Levels If sustains below : 2100 Short : 2077 Cover 1 : 2053 Cover 2 : 2029 If sustains below : 1930 Again Short : 1925 Cover : 1875
JUBILANT FOODWORKS NSE : JUBLFOOD Long & Short levels Buy Above : 1324 , sl-1310 Target : 1356 Sell Below : 1261 , sl -1269 Cover : 1250
REC Ltd RECM Long & Short Buy Above : 133 Target : 142 , 155 Sell Below : 128 Target : 122 , 110
JSW STEEL LTD NSE: : JSWSTEEL Long & Short Levels to watch out for : Upper levels from current price : 292 , 298 , 306 Lower levels from current levels : 276 , 272 , 267 , 263 , 261
BHARAT PETROL CORP NSE : BPCL Next Levels to WATCH OUT for Buy @ 348 Target @352 , 358 Short @ 335 Cover @327 , 321 , 312
KM Sugar is in reversal trend, target for oct-nov month range. Add your qts in every dips and target 11+ rs in short term investment.
DR REDDYS LABS : DRREDDY Long & Short Buy Above : 2662 Targets : 2721 , 2767 Short below : 2526 Cover around : 2441 , 2410 , 2356
For Educational Purpose Only Trade at your own risk
Bullish engulfing at Resistance, twoconfluences already to go with the trade. :)
#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good. Anyway, lets begin. Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it. But later, when i...