Godrej consumers Breakdown from head and shoulders patternGodrej consumers will break below the levels of 669 because of weakness from the right shoulder of a H&S pattern.
Sell below 669.
Target at 640.
Stop loss at 666. NSE:GODREJCP
Breakdown
Bharti airtel at strong supportBharti airtel will attempt to take a strong support around 414-415 levels.
If the resistance is broken, then the down side could be huge and profitable.
Sell below 414. Target at 388. Stop loss at 427.
IOC to break below 74Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries.
Sell below 74. Target at 70. Stop loss at 76.
NSE:IOC
Reliance industries to breakdown from hereOn intraday charts, Reliance is indicating weakness. If it breaks below 2227, then perfect short selling.
Sell Short below 2226, Target@2173 SL@2250
Weakness on hourly charts! Exide industries is breaking down further from here.
162 is a strong resistance. Breaking from here could lead to a fall of upto 152.
Trigger shorts @ 161. Target@ 152. SL@165
IRCTC is on thin ice. Might melt! IRCTC is on thin ice here. Weekly charts show the stock has always taken support at 1345 levels. If it closes below the levels, could be a not-so-pleasant journey for the stock.
Short initiate at 1343. Target@1314. SL@1354.
Exide IND to breakdown from hereExide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
Last Hope for IndusInd Bank!!Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If support S2 and the yellow trendline is taken out in 1 hr time frame then there is only a LAST HOPE downside!!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
ThankYou!
AMBUJA INVERTED CUP & HANDLE BREAKDOWN ALERT [EDUCATIONAL]Ambuja cement gave breakdown on inverted CUP AND HANDLE pattern in previous day session. Suggestion is not to short even if it looks very lucrative and clear breakdown. Some of the observations which are very imp as per technical analysis.
1. Good Volume is missing
2. 200 dma is just below the breakdown candle. (security may bounce in some cases and hampers R:R as well)
Alternatively, we should wait for the testing of neckline. A short may be initiated when forms a good bearish or shooting star near neckline
(volume and 200 dma is to be considered as well that time)
Castrol India Watchlist Breakdown or BreakoutNeutral view from Charts but RSI is giving some signal
Comment your views
Short Coal India 112 can be make or breakCan be shorted at CMP till 112 for risky players
Safe players below 112
Target Open
Stop Loss 125/127
IDFC FIRST BANK BREAKDOWN (INVERTED CUP & HANDLE)IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness
Target and trading plan is mentioned in the chart.
Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.
Coal India - shorting opportunity below IBCoal India short below 124.10
SL 125
Target - Open based on RR of 1:2
Bajajfinsv | Symmetrical Triangle | 30min chart stock can move either way ,follow the price action and take entry , volume is also coming now mainly upper side
breakout is also happened , retracement is done
upside target = 6412
downside target = 5855
educational purpose only
Bharat Forge 15 Min chart analysisOn Daily Charts it gives breakdown 3 sessions back and now it retested and made Doji at resistance watch for short side view
Tata steel broke its important support, Short for SwingTata steel is looking weak among all stocks in metal sector. Breaking PDL may bring to target of 378 or till 200dma in coming sessions.
