NSENG:BERGER seems like it ready to touch the 280-260 level within 1 month.
Kotakbank is going to give a big deeper correction towards 950 levels. I would keep a stoploss at 1360 and short Kotakbank at current levels or if it goes little higher. Happy Trading! Siraj Hudda www.wavetradingacademy.com
BankNifty will give a short term Down Move any time now. One should take short positions on BankNifty with 300 point stoploss for target of 600 points or more. Happy Trading!
Indusindbk Short below 1471 Stop-loss 1490 Target 1406 Risk 1.29% And Reward 4.42% RR Ratio 1: 3.42 Bearish Continuation Pattern Descending Triangles In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
TATAELXSI SHORT AT 912 with a Stop-loss of 967 for The Target at 744 Risk 6% & Reward 18.43% Risk Reward Ratio 1: 3.05 Bearish Continuation Pattern Descending Triangles In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving...
BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...
Banknifty is forming a head and shoulder pattern (Long term. Trend reversal), which is pretty bearish, it is also forming a bearish wedge, completion of which could lead to completion of the right shoulder. And then we welcome the bears.
As Nifty is forming head and shoulder pattern like I showed in my earlier posts, other stocks are forming bearish patterns as well. Going to play reliance as soon as it breaks out of this triangle.
TCS CMP 1907 Below 1950 the chart setup suggests weakness in stock price. It may come down to 1800 and could possibly even drag down to 1600 in the coming weeks/ months. A close above 1980 may invalidate the chart pattern. Stay cautious and trade accordingly.
Sell Pidilitind below 1101.85 Stop 1127.50 Target 1025 Risk 2.33% & Reward 7% Riks Reward Ratio 1: 3 Bear flags are favored among technical traders because they almost always lead to large and predictable price moves. Like all continuation patterns, bear flags represent little more than a brief lull in a larger move lower. Indeed, in many cases, the flag...
Kajaria Ceramic trading near Fibonacci level..strong resistance. Follow Fibonacci levels for tgts
Short term trend is bullish..after that Doji formed...it means trend reversal. Its a bearish sign.
SHORT CMP 104.4 TARGET 102.10 SL 106.20 REWARD:RISK = 1.4
COLPAL TRADING NEAR RESISTANCE AND FORMED BEARISH DIVERGENCE. SHORT WITH BELOW FIBOO LEVEL TGTS
India VIX took support on weekly chart. Danger Sign. We have resistance near 20-22.
Short Vedanta. LEVELS MENTIONED ON THE CHART. - ANIMESH VASHISHT