Previously we had this setup on swing trade, its target over, now we get a chance on pullback, if Market , I mean Nifty gives really a move to downside, this will be intraday setup !
" Shorting " Commercial Break from Bull Run , so if you have the risk appetite Go for it . Else just watch how trades pan out. Always take trade based on your plan :) Happy Trading !
Absolutely No Idea what I should write in description, if you ask I can answer thats it :) Got one point , its 9000 shares per Lot, So better take care of it & its very Risky to have that exposure ! Happy Trading !
Infosys is looking weak. Will move to 900 levels before bouncing a bit and then further downside. Avoid longs until it looks good. Target: 900 (32 points) Stoploss: 943 (11 points) R/R: 1:3 Regards
MACD and RSI going down. Prices have seem to take a hit at 92.50. Short with Target of 87.50
Though there is potential chance of pullback in Mindtree upto 445's, chances are bleak. Once the day close below 435 happens, it will race down till 410. Note, how well it aligns with ABCD pattern, when the pattern gets completed in our zone it forms another harmonic pattern around 410 zone. Anyway go down on lesser timeframes & check for potential selling...
Tatamotors showing bearish down flag with target around 380 Only for study
Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
TVS Motors showing Bearish Crab pattern on daily charts PROs please let me know whether analysis is right?
Bearish butterfly pattern for Ceat
Today's big Black candle which engulfed the last 2 candles and closed at lowest level is showing the forthcoming weakness. It is also showing bearish divergence in the overbought Zone. One can short the stock at the level where Stop Loss of 1102 on closing basis is affordable to them.
Bearish Wolfe Wave formation on daily chart. It may make reverse either from current levels of from 332. Look for selling opportunity on bounce. View will negate above 340.50 And expected target is 270 - 265.
It seems that the upside momentum in nifty has got exhausted and may see a correction up to 8600 price levels for short term, one can see that nifty is forming a rising wedge kind of pattern which is a bearish pattern, whereas price action in other emerging market indices also seems to be bearish and experience a correction.
Hello Traders, We hope everyone had a profitable week. Here is our view on Nifty weekly chart. In last two weeks, Nifty re-tested the strong resistance levels but failed to close above it which indicates the another rejection. Additionally, Nifty has also formed double top pattern which also indicates the price reversal. Moreover, RSI indicator is also showing...
Just found a bearish cypher pattern in bank nifty index, on daily chart. MACD shows signal line crossing over MACD line, indicating a downtrend and RSI is indicating that the bank stocks are over bought. 0.236 and 0.382 retracement levels will be 19788.54 and 19371.6 respectively.
Formation of Bearish Anti Shark in Grasim. Reversal Zone : 1059 - 1070