stop loss 628
don't short now wait for pull back
wait for pull back till 600 to 620 range.
1st target 548
2nd target 511
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Nifty had a small upthrust above 11760 resistance before it started its downtrend. It held 11550 level for some time and then broke down. My hypothesis is that It may hold 11200 for a week or so and then go for the retest of potential support zone (10900-11100). As the volatility is high, smooth price action should not be expected.
Historically speaking, we had a...
Nifty view for Next Week
Breakdown of Short term Support Line,
shows First Sign of Bear Pullback & Price Rejection from Higher Ranges
11800 Become heavy Resistance
Closing Near Support Line 11700
In this week, Breakdown below 11700
will lead sharp fall till Range Support 11600-11550
11550 is crucial level to be Decisive for next Trend
RSI: Still maintains...
Breakdown was Already Expected
From High 526 Now Low 494
still expecting fall till 486-478-465
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.
Jubilant might see some bounce back to 1400 level before moving towards lower levels.
Possible short near 1400 level for a target of 1318, 1248, 1223, 1177, 1037 & below
Use stop loss above 1440
For short term Long position target around 1400, with stop loss for 1248 or so.
Preferred strategy Short on rise
NSE: RNAM Oversold towards 113.
Falling since beginning, with group company bankrupt, effect might be seen on this stock.
Very oversold. Short bounce back is expected, but will not last long
Price might be pushed towards 113 if consistent close below 134 level on daily chart happens
Broke down from the triangle . Chart is very weak.
Sell off on news. Will not stop until company come with positive news on accounting
More pain on charts. Sell on rallies
Though company is good, news are bad.
NSE: Vedanta below 159 can hit 116 or lower to 90
Company fundamentals and growth vision is good.
Current sell off is due to a news related to Anglo American Plc stake buy.
That doesn't justify the cause why purchase?
Given this scenario below 159 stock might fall to 116 or 90 levels.
131 level is one of the long term support level.
Until company come forward...
NSE: ICICIBank Short for 305 or lower
Chart suggests opportunity to short ICICIBank at current level with stop loss of 382
Target insight 334, 320 & 305 or lower
Use stop loss as volatility in the market will be high in coming days