Nestle India staying below 11250 - weakNestle India (Nestleind) staying below 11250 - weak, downside breakout/breakdown possible.
Breakdown
m&m shortterm but look for pull back.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 AnalysisNifty 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 fall of 1700-1800 points, which started from the same region in September 2018, but with a difference. If you look at the rectangular area, the buyers had some conviction which can be noticed from the tails below the red bars. But this time in 2019 correction, there is no such tail. It maybe because of political uncertainty which has been keeping buyers on the sidelines.
In future, I expect some bounce or hold at the support zone. Nifty's inability to hold at support may open the door for 10200 targets. Although this target looks overextended yet nothing is impossible in this market.
So in short either we can have the breakdown of the same order as we had in 2018 or we just hold at the mentioned support zone and resume the uptrend, which is highly likely if we have any stable government.
I hope this brief analysis makes sense to most traders.
Do like and comment
Regards
Nifty view for Next WeekNifty 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 Negative Divergence on Daily Chart
OI Data: shows Strong Support at 11500 and Resistance at 11800
Maruti Triangle BreakdownMaruti
Clear Triangle Breakdown
from 7000
Some Support at 6796
Below 6796 can see 6600-6464
Dislciamer: Only for Study Purpose
Bandhan Bank Rising weigh BreakdownBandhan Bank
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.
NSE: DHFL Falling on news 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.
Indusind Bank trying to break down.NSE:INDUSINDBK
Closely track this counter.
If closes below trendline then there is more pain.
View negates if closes within triangle range.
NSE: Grasim Short for 658Short Grasim below 788 for a target 695 and 658 below.
Expect more down side below 658
Use stop loss
NSE: Jubilant Food Long / Short for downside 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
IBulHsg: In a Bear ChannelNotes on the chart.
Do like for better ideas.
I ll discuss about the channels later.
Regards
JJ
NSE: Vedanta below 159 can hit 116 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 and clarify stock might fall.
Sell on Rise.
NSE: RNAM Oversold towards 113NSE: 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
BTC Breakdown AnalysisEvery time this type of wage touched to Ichimoku it got rejected, I am expecting third time rejection when it will touches cloud
NSE: ICICIBank Short for 305 or lowerNSE: 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
NSE: JustDial Dialing Breakdown below 459 to 410NSE: JustDial Dialing Breakdown below 459 to 410
Brief 1 year price range consolidation 640 to 360, price oscillating between this range
Chart is showing weakness built up. Triangle formation shown bearish move.
One can initiate Short at current level @ 476 with stop loss 498/512 for a target of 459, 410.
Break below 410 can push price further to 370.
NSE: BANK Of Baroda Possible downside below 115NSE: BANK Of Baroda Possible downside below 115
Stock is trying pull back from low of 90 on Oct 11.
Crossed 61.8 Fibo level from Sept 3, high @ 156
1 Year trend is negative, Pullback is loosing momentum.
Possible short below 115 for a target of 105 below
Stop loss on closing basis 123.
Close above 123 level will continue momentum on upside. 123 level is strong resistance.
Use stop loss and trail stop loss
SUNPHARMA - Fallen with Huge VolumeStock has been under performing for many years.
In yesterday session a break down was seen from ascending triangle pattern and today it has opened gap down and fallen much with a huge volume.
ACC : Short - Head and Shoulders : Chart PatternACC limited looks to complete the HnS pattern in the hourly charts before showing a definite movement.
