A Big Fall Can come below 2500 level of 100 to 150 points
After consolidation in range in today's session, BERGEPAINT shows the breakdown of its support line. Possible downside minimum target according to chart pattern is 620.
Ujjivan breakout from the triangle nearing. Wait for a confirmation in the form of a breakout, in either direction .
S&P500 CMP 3390 1. Taking support at trendline (Pink marked line) 2. A bounce may expected from here (till Blue marked line) 3. If this support gets broken a downfall may be seen till 3230 (green marked line) Note : This idea is only for educational purpose.
Hello Traders Castrol india is on verge of breakdown , Good downside could be seen if break mentioned level. DISCLAIMER { Educational Purpose } All investments involve risk. Please Do your analysis before initiating any trade GOOD LUCK !
TORNTPOWER SELL@325, SL@340, TARGET1@313, TARGET@295 TARGET1 will get achieved in a couple of days.. . -MOHIT RAJANI
TATA Motors did go up today as said in earlier idea but had a fall. It is forming an inverted flag and pole pattern. Can be traded at breakout at a target of 129 and 127 respectively.
Godrej 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
Bharti 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.
Indian 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
On intraday charts, Reliance is indicating weakness. If it breaks below 2227, then perfect short selling. Sell Short below 2226, Target@2173 SL@2250
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 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 industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
Wait for breakout or breakdown. TRADE AT YOUR OWN RISK.