1. Taking Resistance at trendline. 2. Bearish engulfing Chart pattern. 3. Negative divergence on MACD
BEARISH ENGULFING ON DAILY CHART, LEVELS MENTION CHART
THATA CHAMICAL FORM BEARISH ENGULFING CANDLE PATTERN ON DAILY CHART WHICH IS VERY BEARISH SIGNAL AND HENCE WE RECOMMEND FOR SHORT. LEVELS ARE MENTIONS ON CHARTS
SHORT TRADE IN HDFC !!(DEC FUT)!! VIEW -BEARISH ENGULFING ON DAILY CHART -RSI REVERSAL (-VE) TRADE VIEW DEC FUT SHORT@2325 STOP@2290 TARGET@2355 LOT:250 QTY:2
Ok so this rectangle size box is only hope for this stock to continue this upside momentum, I will look to short below this box and this looks good for 8-10% downside move. Actually I was long in this and just got a good exit today now suddenly it is looking good for downside too and I thought why not. Let’s see.. And guys please do your own study before any...
STBT IN M_M/M&M MAR FUT SHORT@662 STOP@668 TARGET@655 LOT:1000 QTY:2
HBI is in a Long Lasting downtrendchannel. A nice bearish engulfing built up near the upper Bound of the channel in the Weekly timeframe that maybe Signals the end of the upside leg. Take a shortposition the next week.
Long term resistance at 647, Overbought in Daily and Weekly chart. Bearish Engulfing at 30min chart.
STBT IN IGL MAR FUT BEARISH ENGULFING IN IGL SHORT@292 STOP@297 TARGET@283 LOT:2750 QTY:1
After a sustained uptrend BataIndia looks weak at top. Stock after touching 1163.65 (which is 100% Fibonacci extension from the SPL of 1075) looking set to reverse its trend. Its giving divergence as per stochastic and all set to test 1138/1126/1114/1097 levels on near to medium term. Today also stock tested 1138.7 which is its 38.2% Fibonacci retracement. Its...
Wipro has failed yet again around 335 levels forming Double top in the week of 17 September 2018 and 17 December 2018 . I can also see a large Bearish Engulfing candle for this week. Looks like the stock is headed back to 305 levels. Good opportunity to short with stop loss around 335. Disclaimer: Views expressed here are my own, and should not be interpreted...
Infosys NSE:INFY has been in a downtrend since October making lower swing highs. I can see that it again got rejected at the trendline resistance and formed a Bearish Engulfing candle. Shorted here with stop loss a few points above the trendline resistance for a first target of 625. A deeper correction can take it to 610. Disclaimer: Views expressed here...
HDFC ltd Bearish engulfing pattern looking weak from current level Expecting more downfall from current levels more downfall expected anext support levels 1600 1550 1500
Century 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 FUTURES BEARISH ENGULFING SHORT@299.75 STOP@302 TARGET@295 LOT:2400 QTY:1
STBT IN ITC OCT FUTURES BEARISH ENGULFING SHORT@294.5 STOP@297 TARGET@290.5 LOT:2400 QTY:1