As seen in above charts triple stochastic divergence is seen in NSE:SUNPHARMA giving a confidence of clear bearish phase. Short NSE:SUNPHARMA at 530 with a target of 511(T1), 498(T2) & 466(T3). Stop loss of 542 is recommended.
There is just one logic : Gaps will be filled over the time Only in rare cases it gets skipped !
It has been observed that the price action consolidating on higher levels and then breaking out on downside indicating a strong selling pressure at higher levels. Now, it shall further corrects the previous upward move. T1- 590 T2- 575 SL - 625
i expect the stock to retest lower levels of 280 , 260 ! lets wait and watch !! short term ups and downs comes and goes !
Everything mentioned on chart...
The stock has made classical double top pattern and broke the neckline. This simple pattern does not require any explanation however in case of doubt or your experience with it you can write in comments.
Asian Paints CMP 1180 Last time the stock was at these levels we were able to capture a fall up to 1100 in 2 stance... And with Oil price on an rise again, it is a negative factor for Asian Paints On charts the stock is at crucial levels and below 1177-1168 zone could lead to further weakness for target of 1135 and further lower Take care & safe trading...!!!
In weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now. also price is at descending channel resistance. also double top pattern confirmed here, it can slide down to 670, 640, 560 levels.
Will like to go short on the above stock , with stop loss of todays high !
Bearish Engulfing at trend line resistance in Tata Chem..Sell
Bearish Divergence in Parallel Channel...Century
i expect a fall in bank of india for a target of 166 , 158
BTCUSDT Price For Intraday Day Trading It is weak bearish trend may be. If Our first support level breaks then the next support level should be 15292 $. If this chart is useful to you , then follow me for latest updates..
as maruti has already rallied enough ..and now struggling a bit to sustain at high levels ..i expect a good fall and retest lower levels ...lets wait and watch!
a good downside in pidilite awaiting!!!!!!!!!!!!!!
I am bearish on indusind for the upcoming week, lets see how the stock performs!!!!!!!