End run of Steel - Bearish view of JSW A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels.
But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area.
It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.
Breakdown
MINDTREE LOOKING The stock has respected the trendline support
Two possibilities
1.Breakdown from the trendline and downtrend continues
2.can take support at the trendline and move upside.
Always wait for the breakout and trade & wait for the candle to close
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
INDUSTOWER SYMMETRICAL TRIANGLE The stock has formed lower high and lower lows resulted in a symmertical triangle pattern and now the stock breakdown so we can expect some fall in upcoming days
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
TITAN Big Bull favourite I'm expecting a breakdown (maybe the stock can take support at the level and possible for a double bottom and move upwards)
The Reason Why I'm bearish:
1.Bearish Engulfing at channel resistance
2.Global crisis
3.Nifty looking weak
4.Rangebound breakout will be very effective.
5.Avoid taking long for this month(index looking weak )
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
EICHERMOT--WATCH FOR BREAK OUT OR BREAK DOWNAfter the Head and Shoulder breakdown the price is now at a crucial support level. We may see a reversal from the current support to the trend line.
Be prepared for an outcome on either sides. Can be a good trade on either sides if volumes are good. Wait for price action.
HDFC, SBIN, KOTAK, EICHER, TVS LEVELS.BREAKDOWN LEVELS
HDFC LTP 2415.9
HDFC target 2362
HDFC has a support at 2405 which is very crucial as it is a a break down level.
SL 2442
SBI LTP 329.5
SBI target 310.
SBI has a support at 320.5 which is very crucial as it is a a break down level.
SL 340
KOTAK LTP 1697
KOTAK target 1606
KOTAK has a support at 1676 which is very crucial as it is a a break down level.
SL 1732
EICHER MOTORS LTP 2340
EICHER target 2280
EICHER has a support at 2340 which is very crucial as it is a a break down level.
SL 2385
TVS LTP 536.95
TVS target 500
TVS has a support at 528 which is very crucial as it is a a break down level.
SL 547