Breakout or Breakdown???Everything is mentioned on chart...
Note: Do your own study before making any position...
Breakdown
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
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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...
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Jain Irrigation H&SHead and Shoulder setup on Jain Irrigation with the support of MACD as well as RSI indicators indicating downward trend.
Cummins : Channel Breakdown to DownsideWe will be interested in this trade setup only if downside break happens, if it never gets on, there is no trade, we will be looking for some other setup & scrip. Conservative traders book your partial positions around 900's zone & trail. Depending on your targets you need to adjust your stops , take care ! All the Best with Cummins..
Flag Breakout/Down - BPCLTrade the flag Breakdown.Support from trendline . Short if breaks 727 and closes below.
Or if it takes support at 727-728, Buy for a target of 742 & buy above 742 in case of breakout from the flag.
Double top on Daily and weekly TFs.
Will SUN settle in south eastSUN TV has reached its consolidation level, now its time for reversal.
Historical Moving Average breakdown supports our view.
SHORT @ CURRENT LEVEL
TARGET 1 @ 480
TARGET 2 @ 450
TARGET 3 @ 425
SL @ 565
SNOWMAN LOGISTICS @ CRITICAL ZONEI am excited to watch snowman has again reached its favorite zone. Follow this post to capitalise further movement .
IF Breakdown occur take LONG @ 55-50 RANGE
IF Trend Reversal occur TARGET @ 68-71 RANGE
CRITICAL SUPPORT 1 : 60
SUPPORT 2 : 50
NIFTY WEEKLY CHANNEL NIFTY ALMOST ON VERGE OF CHANNEL BREAKDOWN .. 8550 spot important to watch below that opens for 8470-8440
