Seems to be good short opportunity. Breakdown with volume followed by consolidation.
Moving in a channel from a long time. Might respect the area, giving long opportunity or might break lower end, giving short opportunities !! Worth keeping a watch.
Moving in a channel. Might breakout to complete the channel or might breakdown, breaking the channel. Worth keeping a watch!!
Godrejcp is taken support on trendline; Wait and watch if it hold at this trandline.
See the description above Regards
The price action is saying that this breakdown might fail but still we have to be prepared for both the sides. Read the H&S educational post attached to this idea. Please do not consider this idea as a tip. It is an analysis for the traders who want to learn practical technical analysis. Do like and comment. Regards
Trading near all time high (ATH). Unable to break resistance level but also respecting trend line making higher lows with same highs (wicks)! Worth keeping a watch!!
Breakdown time. SL: Above 11350.87
If SBICARD will move in channel BUY from Support & SELL from Resistance , either it gives a breakout so, increase your Buying Quantity, OR if it give a breakdown so, Sell all your Quantity and BOOK YOUR PROFITS.....
Stock is at below MA 199. Seems to be good short opportunity !
Stock has given a clear breakdown from a classical rising wedge pattern. Accumulation of sellers in the last three sessions can be clearly seen in the volumes. RSI<60 suggests that buyers' have now lost momentum and sellers could be dominant for few coming sessions. It may retest the above the trendline and then continue the downfall. So wait for the right price...
Intraday Reliance Sell ~ 2020, Stop ~ 2040, Target ~ 1960
Seems to be a channel breakdown + stock is in longterm down trend. Can be good short opportunity !