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Bearishpattern

USDCAD - SHORTDESCRIPTION: The price of the counter USDCAD is retaining below the resistance trend line. The trend line has been tested thrice at prices of 1.2634, 1.2630, and 1.2621. The price is still under the resistance trend line and there is no indication for a breakout. Today the price started moving downwards and the selling pressure of the market may pull the price even more downwards. The bearish trend of the counter is expected to continue further. The stochastic indicator curves are at level 80 which gives additional support to the description. The major levels for the counter are: R2 - 1.2715 R1 - 1.2661 PP - 1.2570 S1 - 1.2570 S2 - 1.2425
Short
by WohlstandMarketsLimited
2
PRAJ INDUSTRIES LIMITED : Bearish Flag (Continuation Pattern)Exit Holding if : Closing Below 78.50 Stop-Loss : 85.80 Minimum Target Price : 53.25 Risk to Reward 1: 3.6 Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again. It seems convincing enough to sell the stock based on his recent price actions. Because it has taken 50% Resistance Already and at present taking resistance of falling trendline and also formed a Bearish Flag Pattern.
NSE:PRAJINDShort
by Equity-Earningz
2
FEDERAL BANK NEXT MOVE WATCHING...FEDERALBNK MOVE RECTANGLE BEARISH PATTERN POSSIBLE MOVE IN DOWNWARD KEEP WATCHING... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
NSE:FEDERALBNKShort
by sakthideva