If it open gap down below and rejects 20850, then it can move towards 20600 and then 20100
May retrace to 390 as per Fib Levels. If it breaks 50 EMA, then will move towards 370 or else take support at the EMA. It will be bullish only above 425.
1) If it opens gap down and retests to get rejected from 10000, then we can see 9800 and 9600. 2) If it opens gap up above 10100 and retests it, we can see 10350 and 10550
I hope you can now see how the NIFTY represents an excellent BEARISH CRAB low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be...
Coal India is in a longterm bearish trend. Trading near-daily resistance i.e. around 150 Positional traders can short with a stop-loss of 2-3 points and target of 20-25 points. Intraday players can look for various shorting opportunities as long as coal India is below 150
CIPLA has become an excellent candidate for a short trade. Along with an RSI divergence, the stock has made a bearish engulfing pattern in 30 min chart. Short CIPLA with a target of 640.
1) Short below 360 on break of trend line and 50 EMA with confirmation, can move towards 320 2) Bullish above 415 for targets of 460 and 500
1) Facing strong resistance at 15-154 levels 2) Bearish below 145 on daily closing basis, may move towards 135. 3) Bullish above 154
1) Long on Break of 425 2) Short on break of trend line and rejection of 425 levels
Sell if sustained below 414 target 408 sl 429.5 **Educational purpose only
state bank is in range bond but break below 140 will be too dangerous for the stock. take action accordingly
Trend is Bearish as per moving average MAY expect pull back up to 18300 to 18450 then wait for confirmation to move further down (based on candle) up to marked levels. BEARISH ENGULFING FORMED 4HR BASIS **Educational purpose only
Atul ltd has currently taken support at 4500 but seems it will break this and reach 4250 or 4000 before continuing the larger up-trend. Would wait to see the consolidation play out before initiating any fresh buy positions.
Wkly chart of USD-INR pair is showing all signs to reverse trend from this week. MACD divergence, long upper shadow in weekly candles and a strong wedge resistance have a strong probability to push the USD to the lower levels as market in the chart.
Nifty with a huge gap up open, formed a marubozu in 1st 15mins. Later during the day formed a inverted cup and handle. Expecting a bearish trend with gap down open tomorrow. But being a weekly expiry day, things could go out of hand