I hope you can now see how the NIFTY represents an excellent BEARISH Gartley low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
same pattern with Dax
Knowing why, where & when a strong reversal signal is being generated will be the only way to...
WELENT has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 11-06-2020 i.e Thursday.
Prices usually tend to correct themselves on this day.
Look to SHORT below 69.6 which is just below a resistance zone.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Why to watchout this stock for short selling:
Tick 1 : Bearish pattern formation.
Tick 2 : Stock consolidating on 200 DMA which is acting as a strong resistance.
When to take a position:
Breakout of the wedge is the right point to enter with a stoploss of 50% of the range in which stock is moving.
** Manage your risk and trade with proper analysis..
As we can see there was a big spike to the upside at a previous resistance level which was meant to take out retail stop losses and collect all the orders to push the price down, another confluence is the price was at 1.13850 which is a psychological level. You can wait for a retest into that zone or take an aggressive entry right at the candle close. This could...
Coal India is in a longterm bearish trend.
Trading near-daily resistance i.e. around 150
Positional traders can short with a stop-loss of 2-3 points and target of 20-25 points.
Intraday players can look for various shorting opportunities as long as coal India is below 150
HCL closed at strong resistance. Looking at PCR of 0.7, there is high chance that it may go down from this point. Weak for intraday, otherwise I am bullish on stock from fundaments - P/E is less than industry average and overall NIFTY IT is doing good.
Let's see how it goes tomorrow. I will short.