HDFC Bearish Engulfing Pattern on Weekly chartHDFC ltd Bearish engulfing pattern looking weak from current level
Expecting more downfall from current levels more downfall expected
anext support levels 1600 1550 1500
Bearish Engulfing
Century Textile (Short Candidate) - May see 760-740-720Century Textile can be shorted below 780 for 760-740-720. SL can be around 801
1. Trend Line
2. Bearish Engulfing candle on Daily Chart
3. Stochastic - Oversold
4. Poor market sentiment
STBT IN ITC SEPT FUTSTBT IN ITC
SEPT FUTURES
BEARISH ENGULFING
SHORT@299.75
STOP@302
TARGET@295
LOT:2400
QTY:1
STBT IN ITC OCT FUTSTBT IN ITC
OCT FUTURES
BEARISH ENGULFING
SHORT@294.5
STOP@297
TARGET@290.5
LOT:2400
QTY:1
Lupin Bearish Engulfing Bearish engulfing on support level . Looking weak.
Levels mentioned in charts
BANK NIFTY_TREND ANALYSISAs on 18/09/18, Bank Nifty is in downtrend as per candlestick pattern and also moving averages. Crucial Resistance level is 26644.36 and crucial support is 26363.54. If it breaks 26390 then sell bank nifty for target 26302/26131/26041 with stoploss 26500. Also, Bank Nifty is forming bearish engulfing in monthly time frame.
BEARISH ENGULFING IN BANKNIFTYBEARISH ENGULFING IN BANKNIFTY
SHORT TRADE IN BANKNIFTY
BUY PUT OPTIONS OR SHORT THE FUTURES
LEVELS GIVEN AS PER CASH MARKET RATES
PLEASE ADJUST ACCORDINGLY IN FUTURES
SHORT@27825
STOP@27960
TARGET@27625
LOT:40
QTY:5
STBT ON LUPIN AUG (FUT)STBT ON LUPIN
BEARISH ENGULFING
AUGUST FUTURES TRADE
SHORT @797
STOP @807
TARGET @787
LOT:600
QTY;2
Tata Steel - Has the downtrend resumed?After a pullback from the lows of 537 to 608 , Tata Steel NSE:TATASTEEL seems to be facing stiff resistance around 600 levels.
I can see that it failed to cross the resistance after retracing 61.8% of the downmove, forming a large bearish candle and Evening star like pattern today.
Went short here with a stop loss around 610 levels for a target around 550 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Hindustan Zinc – Downtrend resumes?After a rise from the lows of 277 till 306, looks like Hindustan Zinc NSE:HINDZINC has completed the countertrend move and is on its way down again.
With Metal Index looking weak, I can see that the stock price got rejected after retracing 50% of the previous downmove, forming a Bearish Engulfing candle in the process.
Good opportunity to short here with a small stop loss for successive targets of 291 and 278.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Mahindra and Mahindra - Looks weakThis trade is for intraday basis on June 12.
I can see that M&M NSE:M_M stock price has got nicely rejected after retracing 38.2% of the previous downmove, forming a Bearish Engulfing candle.
Will look for selling opportunities below 912 if available near current levels for a first target in the 897-900 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Escorts - Short term top ?Escorts NSE:ESCORTS has been struggling at the resistance zone around 922 levels.
With a large Bearish candle on 15 min chart, the stock appears to be ready for breakdown.
Good opportunity to short here with stop loss above 922 for a first target of about 900.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Escorts – Downtrend resumes?I had posted an idea earlier about Escorts NSE:ESCORTS on May 8 when it was trading at 989 wherein the target of 911 was mentioned.
(Well, as we can see that target was achieved long back !)
Now looks like the stock has completed a countertrend move on the upside and is ready to fall again.
I can see that it faced a strong rejection at 50% retracement of the previous downfall and formed a Bearish Engulfing candle today.
We may witness further fall if the stock goes and sustains below ~ 870 levels.
Good shorting opportunity here with a stop loss of around 910 for a target around 800 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Titan - Downtrend resumes ?Titan NSE:TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909.
After a small retracement for 4 days, looks like the downtrend has resumed today.
Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure.
To me it looks like the stock is moving towards 872 levels.
Took short positions today with stop loss around 950 levels for a first target around 872 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
BEARISH REVERSAL IN HEROMOTOCORPHEROMOTOCO
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.
Crude give breakout of HEAD and SHOULDER patternWTI crude has break the neckline of Head and soulder pattern on daily charts, also it has formed bearish engulfing pattern on weekly charts which is a bearish signal. Next support will be near 58.50.
Where it will move?? Let's See!Nifty has made today a Bearish Engulfing Candlestick pattern...
Hope we may see downside...
It may fall upto 9530 regions... And if it brake those levels we may consider it as a channel breakdown..
Targets are 9630/9575/9535
SL : 9705
Note: Do your own study before making any position...
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Short Kotakbank small risk TradeThe stock is showing continuous divergence and looks ready to retrace from current level. One can short the stock with small Stop Loss and keep the initial target double the risk involved.
