NSE:RELIANCE Short if sustains below 1423. If goes upside instead of downside, wait for it to sustain over 1430. If sustains under 1423, will expect till 1410. If goes upside, 1440-1441 will be next hurdle.
Gave tweezer top on Daily and bearish divergence on hourly can see 417 if 420 broke stop is 425 enter on levels only
Traders and some people are still biased bullish after we broke the long term support trend line , the market is trying to say something follow the trend MA's are curling down price is out of the weekly Ichimoku cloud my next confirmation of a longer term bear market will be if we have a monthly MACD cross ,3 day CMF going negative , weekly RSI going below 40 ,...
Here I am trying to draw bank nifty weekly chart path from its origin by using elliottwave analysis. one can expand the chart for getting correct view of all the labelling please like my share if you find it intresting
As mentioned in last publication, I had suggested that close below 30400 would suggest weakness in trend, which has happened. Now Price is taking support in cloud and has closed within it. I would wait for tomorrow open and either going above 30400 or sliding down the cloud, today it was good for intraday plays as suggested, until this happens it will be same...
here's the bullish analysis of the pair if you're doing the same trade drop a comment perhaps we can manage together.
Equitas is trading in a parallel downwards channel. It formed a bearish harami candle on daily charts. Price rejection can be seen from top of the channel. Shorts can be initiated at CMP with easy targets of 100-95-90. Stoploss can be kept at a closing above the upper trendline.
Stock is in an imp supply zone, might see some Bearishness.
#Bergerpaint is forming bearish divergence. Find your opportunity
Bharti Airtel is breaking it's range (~340-380) slightly due to speculative/news based buying which doesn't seem sustainable. Short orders can be placed if it dips below 375 for targets of 340-335. Also, all the news channels seem very bullish on it which according to my experience means there's a high probability it will fall.
Hi, NIFTY is all set to ready for Swing till 15th Nov, which means, NIFTY expected to swing between 11700 and 11400 range till that period. Short term we can expect below price. Target 1: 11422 Target 1 Date : 25th Oct.