Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week
Note - Price action analysis for education purpose only
In the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same.
1) The stock price has crossed EMA200 and went...
Shree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend.
Here's why I'm short:
1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position)
2) Bearish engulfing candle after a nice...
RSI DIVERGENCE WITH BEARISH ENGULFING PATTERN CONFIRMING A TOP SIGNALING BEARS MAY TAKE CONTROL FROM HERE AND WE MAY SAY A GOOD DOWNWARD RALLY.
APPOLO HOSPITAL SELL AT 1735 STOP-LOSS AT 1810 TARGET 1580
The stock made bearish engulfing pattern from the 0.786 levels and seems bearish to retrace to the stronger 0.618 level of 265.
Choose an entry position based on your risk appetite.
Strategy 1: 'High-er' Risk & High RRR
In-case of normal or gap-up opening, Short for 270, 267, & 265 with SL at 278.
(Can wait for any small uptrend with the risk of losing out on...
Double Top formation is Seen in ITC.
Closed with a Bearish Engulfing pattern.
According to me ITC will go Down today.
Short ITC, might be the best trade option for today.
It's just my personal analysis so do your own and I don't recommend anybody to Short It as it is just my analysis.