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...
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...
Neutral view from Charts but RSI is giving some signal Comment your views
Can be shorted at CMP till 112 for risky players Safe players below 112 Target Open Stop Loss 125/127
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 short below 124.10 SL 125 Target - Open based on RR of 1:2
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
On Daily Charts it gives breakdown 3 sessions back and now it retested and made Doji at resistance watch for short side view
Tata steel is looking weak among all stocks in metal sector. Breaking PDL may bring to target of 378 or till 200dma in coming sessions.
Gave the breakdown today. However, no pullback yet after breakdown! Might retrace or halt and then give a moment! Good R:R!
Moving near value area. Might give either side opportunity. Worth keeping a watch.