Shriram Transport Conditional Short @693 Possible Shriram Transport breaks down the 693 level today. We will initiate short below @693 for the final targets of 677 667 & 661.
Breakdown
LUPIIN LTD - BEARISH BREAKDOWN - SHORT TRADEClear BEARISH Setup - Breakdown from a 3-month long trading channel supported with decent bearish volumes
Stock has been in a good upmove with the great uptrend in the pharma sector, thus a short correction is still pending in the stock on account oif profit booking.
Also the lower trendline has been tested multiple times hence became weak which leaves a high probability of a good bearish/downside momentum in next few trading sessions. RSI around 40 levels confirms the momentum towards downside, let it cross below 40 levels.
My view: Short (for short term view)
PS: Trade with caution (could result into a failed breakout, buyers may barge in and reverse the move),wait for some more price action.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
CDSL Near Trendline SupportCDSL is currently taking support on upward trendline.
If broken first stop will be target1.
If target 1 is broken next stop will be target2.
IGL - Breakdown - TrendlineIGL has broken below from a crucial rising trend line suggesting a selling pressure.
Initiate sell.
Target 1 : 430
Target 2 : 420
Target 3 : 400
Stop Loss : 460
Colgate Palmolive - Breakdown - Descending TriangleColagate Palmolive has broken below from a descending triangle Pattern on 15 mins time frame.
Initiate Sell.
Target 1 : 1370
Target 2 : 1360
Stop Loss : 1410
NAUKRI | TRENDLINE MAY BREAK | ADD IT TO YOUR WATCHLISTShorting opportunity below 2650 level. (If it breaks)
Always Use Tight SL as momentum is high in this Stock.
Shower some likes!! If it helps.
Bharti Airtel Sell below todays low Target 546 to 540Bharti Airtel Channel Breakdown Sell below todays low Target 546 to 540. Also derivatives data confirming the same
COLPAL will it break out or break down?Triangle formation on daily time frame in COLPAL
One can look to go long after break of upper line for a target of 1398/1445/1515
If there is a breakdown, one can be short for a target of 1275/1223/1150
Disclaimer: These are my own views, do your own analysis before trading.
STAR LOOKS WEEK | Add it to your Watch ListMany pharma stocks looking week from few days. Lets focus on STAR.
STAR below 400 looks bearish but Let it break the 395 level.
If it breaks that line with good volume then we can see the target of
Target1- 389
Target2- 379
Target3- 364
Mark this level on your chart!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!
Ramco Cements - Breakdown - Descending TriangleRamco Cements has broken below from a descending triangle pattern.
Initiate Short.
Target 1: 580
Target 2: 570
Stop Loss : 622
INTRADAY | Failed Breakout? lets wait for TomorrowIf it Breaks the support line, a sell up momentum can be seen..
Sell below 457
Target 1 - 452
Target 2 - 443
Target 3 - 432
*Use Tight SL according to your risk
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
HDFC STOCK FOR INTRADAY TOMMORROWBREAK ANY SIDE UP OR DOWN BUT MOSTLY CHANCE OF BREAKDOWN BECAUSE THIS SUPPORT LEVEL MULTIPLE TIME TEST.
CIPLA BEST STOCK FOR TOMORROW INTRADAY GIVE A BREAKDOWN.CHANCE OF CAPTURE SOME POINTS IN CIPLA TOMORROW. IT'S ONLY FOR EDUCATIONAL PURPOSE
ULTRSTECH CEMENT- HNS UNDER FORMATIONNSE:ULTRACEMCO
THERE IS A DEVELOPING HEAD AND SHOULDERS PATTERN.
consider it before making any trade in this stock.
if it BREAKS DOWN THE LINE AND 50EMA.... THERE MIGHT BE SOME BEARISHNESS.
JUST FOR EDUCATIONAL PURPOSE
HINDUNILVR weak below 1960HINDUNILVR is trading at daily support zone and respecting the trend line on daily and hourly TF.
see Horizontal support line and trend line.
Break below 1960 can pull the stock below 1880.
SBI - Breakdown - Symmetrical TriangleSBI has given a decisive breakdown from a symmetrical triangle on daily timeframe.
Initiate short in the stock.
Target: 150/145
Stoploss: 180
Muthoot Finance Breakdown sell below 769Muthoot Finance Breakdown sell below 769. as it has broken the trend line as the buying zone is around 770 so dont short at current levels wait for it to breach 770 levels once it breaks it target would be 760 745 and 735
Glenmark Trading in a Range watch it for breakdown near supportGlenmark Trading in a Range watch it for breakdown near support. sell only below 321 as 321 is a buying zone once it breaks it target would be 314 and 307
Apollo Hospital Sell below 1260 for a target of 1215Apollo Hospital Sell below 1260 for a target of 1215. This is the 4th time it has reached the resistance level. Resistance has become weak as this is the 4th time it is testing it. This time it will break as the NIFTY trend is also negative.
Strong Sell SRT Finance below 573.5 TargetStrong Sell SRT Finance below 573.5 Target 566 and Psychological level of 550 3rd target at 525 which will be achived in 2 to 3 trading sessions.
SRF : Breakdown : Descending Triangle - SellSRF has given a breakdown from a descending triangle pattern on 15 mins timeframe.
Initiate short.
Target: 3543
Stoploss: 3660
Ujjivan Financial Services - Breakdown - Symmetrical TriangleUjjivan Financial Services has broken below from the symmetrical triangle chart pattern.
Initiate sell.
Target : 135/130
Stoploss : 173
