Federal bank short term view againFederal bank looks weak after reached the head and shoulder target. Support 91 is strong. if it breakdown, it may go around 84 range. It may take few weeks or upcoming week. indicators are in bearish mode only so it helps to breakdown the support level.
Stoploss: Stright line mentioned in chart keep that on closing basis
Vijayaraghavan,
Kovilpatti.
Breakdown
amara raja battery looks bearish in medium termIn weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now.
also price is at descending channel resistance.
also double top pattern confirmed here,
it can slide down to 670, 640, 560 levels.
THE CONFIRMATIONWe generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded.
Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.
Same strategy can be used for breakouts.
Notes on the chart.
Hit like/comment for better educational posts in future.
Trade safe, stay healthy.
Best Regards
Bravetotrade
It will move to our target ???Everything mentioned on chart...
Note : Do your own analysis before making any position....
IndiaBulls turning into Bears !If we cud have been earlier might have caught that flag breakout, well we missed it ! Not a prob, another setup in formation, lets see how that goes !
Short term {Short}Everything explained on chart...
Note: Do your own analysis before making any position...
SBI: Some Room for ShortHello traders,
SBI had a nice breakdown below 281. In order to take this trade with minimal risk we can try our pullback strategy. I would like to see a weaker pullback into the 281 zone along with lower volume. I prefer to see some bearish confirmation in this zone and then short. Potential cover could be at around 270 zone.
Let's see if we get this opportunity before hitting the cover zone.
Trade safe, stay healthy.
Best Regards
Afraidtotrade