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.
Breakdown
Bank Nifty: The BreakdownNotes on the chart.
Hit like if this information is useful.
Trade Safe, Be healthy.
Regards
Bravetotrade
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 !
Infosys : Right Now @ pretty Good Support !We never know whether the support is taken & infy revives to upside or not, only after it happens we will know that. But our trade plan is if at all the support breaks lets try short on Infy towards 930's
J.P Associates negative bias/neutralIt is in symmetric triangle but price action and indicators have a negative bias.
Could go short on break of yesterday's low.
Everything else in chart.
Rocket will Take off or Crash ???Everything is mentioned on chart...
Note: Do your own study before making any position...
Short term {Short}Everything explained on chart...
Note: Do your own analysis before making any position...
Keep it in your Watchlist { Get ready for a big move... }Everything mentioned on chart...
Note: Do your own study before making any position...
Best Wishes For Guru Purnima,
Regards
Akshat Patwa
Where Arvind will move???Everything mentioned on chart...
Do your own study 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
Short for long term :D :PEverything is on chart...
Note: Do your own study before making any position...
TCS is on crucial levels { Have a look } In case of breakdown targets will be: 2290/2250/2170/2050
and SL: 2400
In case of Bounce back targets will be : 2390/2450/2480 and I will update targets in case of triangle breakout...
SL will be : 2260
Note: Do your own study before making any position...
Breakout or Breakdown???Everything is mentioned on chart...
Note: Do your own study before making any position...
HDFCBank: Some correction may followHello traders
Since the stock has broken an important trendline and trading below the 55 EMA some correction might follow. Watch for a short opportunity in the 1480-85 zone with SL above 1495 for the target of 1457 and 1444.
Trade safe
Hit like if you agree with the idea
Regards
Afraidtotrade
NIFTY H&S breakdown.Broke down from declining neckline (v.bearish) also broke daily support trendline.
Must Watch { Nifty on crucial levels!!! }Nifty is in a symmetric channel where there are 3 possibilites...
1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...
Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650
Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
Jain Irrigation H&SHead and Shoulder setup on Jain Irrigation with the support of MACD as well as RSI indicators indicating downward trend.
