We can see on a 30 minutes chart that a range of 293-283 has been broken. The range was intact since 10 days approx. ICICI on daily chart is also bearish. So i recommend shorting ICICI BANK @280-285 with STOP LOSS of 293. Target 270. Though the risk reward ratio is less but i will still short because of the weakness in the counter. Good Luck guys .
ONGC ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
short crude near 69$
HEROMOTOCO Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.
Stochastic has given a bearish crossover from the overbought zone. RSI has also given a bearish crossover of 9-day weighted moving average.
in daily, head and shoulder pattern formed after an established uptrend. it can easily retrace to 50% level as shown.
Stop Loss : 0.73035 Entry 0.72899 1st Target 0.72499 2nd Target 0.72075 3rd Target 0.71746 Happy Hunting
Nifty 50 index In the Last Trading session month of March, opened negative by taking cues from weakness of Global market and after its consolidation it fell down towards 10100 zones. It formed a Bearish candle on the daily scale followed by a Doji which indicates that selling pressure is being witnessed at higher levels. Now after long Holiday if it sustains Only...
Stochastic divergence & crossover alongwith MACD bearish crossover observed in NSE:APOLLOTYRE . Short it at opening price (259-261), for a target of 254(t1), 250(t2) & 246(t3). A stop loss of 262 is highly recommended.
A bearish stochastic divergence noticed in NSE:HDFC along with bearish crossover. This indicates a temporary bearish phase. Short at opening price (above 1800) for a target of 1780(t1), 1768(t2), 1755(t3). A stop loss of 1822 is recommended.
In a very similar to Nifty (I shared an idea on it just 4 hours back), there's an observation of Stochastic Triple Divergence in NSE:DRREDDY indicating a bear trend. A short position is recommended with a target of 2004(t1) & 1904(t2). A stoploss of 2100 is highly recommended. Selling range should be (2040-2070).
Its a cliche but falling in NSE:NIFTY is inevitable. Bearish divergence in Nifty is clearly seen that indicates a short term but a very steep fall in next week. Year end closing will be bad hurting Returns on Investment of lot of mutual funds. Short in opening trade on monday above 9980 (or upto 9965) with a target of 9933 (t1), 9686 (t2), 9548 (t3). A stop...
L&TFH has broken down Ichimoku Cloud with good volumes. Sell L&TFH around 154.45 with SL of 156.45 and Target of 149.20
Nifty index opened 4th trading session of week with positive but selling pressure push down index up to 10100 level. Bulls rallied to the Hurdles around 10212 level Bears attacked on bulls once again gripping on bulls and ready to make blast. Bear has been the winner near its area. On daily chart it form bearish hammer with engulfing the previous candle and also...
Nifty index opened 4th trading session of week with positive but selling pressure push down index up to 10100 level. Bulls rallied to the Hurdles around 10212 level Bears attacked on bulls once again gripping on bulls and ready to make blast. Bear has been the winner near its area. On daily chart it form bearish hammer with engulfing the previous candle and also...
HCC has broken with greater volumes on NSE below Ichimoku Cloud and with bearish indicators setup. SELL HCC at 30.35 with Stop-loss of 31.25 and Target1@29 and Target2 @ 25.80
ONGC is in downtrend and with higher volumes on NSE. SELL ONGC at 178.50 with Stop-loss of 184.3 and Target of 170.40
BEML has been a favourite shorting opportunity on NSE in the recent downtrend. This call is for tomorrow. Sell BEML @ 1160 with SL of 1190 and Target of 1070