Notes on the chart. Do like for better ideas. I ll discuss about the channels later. Regards JJ
NSE: Vedanta below 159 can hit 116 or lower to 90 Company fundamentals and growth vision is good. Current sell off is due to a news related to Anglo American Plc stake buy. That doesn't justify the cause why purchase? Given this scenario below 159 stock might fall to 116 or 90 levels. 131 level is one of the long term support level. Until company come forward...
NSE: RNAM Oversold towards 113. Falling since beginning, with group company bankrupt, effect might be seen on this stock. Very oversold. Short bounce back is expected, but will not last long Price might be pushed towards 113 if consistent close below 134 level on daily chart happens
Every time this type of wage touched to Ichimoku it got rejected, I am expecting third time rejection when it will touches cloud
NSE: ICICIBank Short for 305 or lower Chart suggests opportunity to short ICICIBank at current level with stop loss of 382 Target insight 334, 320 & 305 or lower Use stop loss as volatility in the market will be high in coming days
NSE: JustDial Dialing Breakdown below 459 to 410 Brief 1 year price range consolidation 640 to 360, price oscillating between this range Chart is showing weakness built up. Triangle formation shown bearish move. One can initiate Short at current level @ 476 with stop loss 498/512 for a target of 459, 410. Break below 410 can push price further to 370.
NSE: BANK Of Baroda Possible downside below 115 Stock is trying pull back from low of 90 on Oct 11. Crossed 61.8 Fibo level from Sept 3, high @ 156 1 Year trend is negative, Pullback is loosing momentum. Possible short below 115 for a target of 105 below Stop loss on closing basis 123. Close above 123 level will continue momentum on upside. 123 level is strong...
Stock has been under performing for many years. In yesterday session a break down was seen from ascending triangle pattern and today it has opened gap down and fallen much with a huge volume.
ACC limited looks to complete the HnS pattern in the hourly charts before showing a definite movement.
BnF looks like it just broke the support of the small channel that was made between 27120 and 27180. See the first two candles and decide whether to go long or short. The Risk-Reward in short is much better than long side. So, i go for Short. If it breaks 27090, on the 10 min candle, gap filling followed by fresh shorts (In the volatile market that we have, with...
price momentum + if breakdown---> go short target->1720
Refer chart Vijayaraghavan.K, Kovilpatti.
Everything mentioned in the charts. Hope this helps.
Banknifty had been consolidating in the range of 25650 - 24950 for 7 trading days and finally broke down convincingly yesterday after RBI policy. I can see a breakout of an Inverted Flag pattern that Banknifty -1.51% was forming. Good opportunity to go short for a target around 23650. Disclaimer: Views expressed here are my own, and should not be...
Let's paint red everywhere with bearish flag.