ORISSAMINE Double on Weeklyit has formed double top on weekly chart & Monthly chart as well. and hovering around support trendline and 20M MA. any breakdown in the trendline gives further downside.
Breakdowncoming
Kotak bank and bank nifty correlation chart video Really nice logical video on Kotak bank based on price action. wait for the breakdown first
HINDALCO - Hourly Analysis Head and shoulder breakout Short HINDALCO - Hourly Analysis
Head and shoulder breakout
Short Below 380 - 1 hour candle closing basis
Target 370-360-350-340+
SL above 400 (candle closing basis)
Can buy 380 PE - once trade conform
Asian Paints Trade plan for 26th AprilMultiple times trendline tested+ Descending triangle. Sell on trendline breakdown . Take entry only after retest.
ITC WAIT AND WATCHLast week market was overall bullish and sellers had a full control over market. It is still seeming weak and will be in same condition in upcoming weak as per my analysis but as we know that market can change its direction any-time so we can not relay only on analysis.
So in ITC chances are too high that market will open in downward side but there is a also small chances to open market in upside so wait until 9:45 and after that enter into market accordingly.
PUT Stop Loss and Take Profit targets according to your own Risk Appetite.
Happy Trading. :-)
Note :
Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
Stock looks weak below 1325NSE:LT
Stock has been trading in a parallel channel for almost all of Jan and yet RSI & MACD has also given a clear divergence over the same period.
A decisive break below 1325 and the stock might correct towards 1300/1275/1250
All ideas shared are for educational purposes.
Exide IND to breakdown from hereExide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
Escorts Breakdown Positional Short Trade SetupFresh Breakdown Escorts Sell ~ 1102, Stop ~ 1135, Traget ~ 880
Bank Nifty Positional Trade SetupSell Bank Nifty June Future Positional ~ 20650, 20700, Stop ~ 21150, Target ~ 18700, 18000
Nifty Positional Trade SetupNifty Currently Trade Below 100 ~ EMA, Positional Sell June Future ~ 9955, 10050, Stop ~ 10180, Target ~ 9300, 9000
Muthoot Finance Breakdown sell below 769Muthoot Finance Breakdown sell below 769. as it has broken the trend line as the buying zone is around 770 so dont short at current levels wait for it to breach 770 levels once it breaks it target would be 760 745 and 735
Glenmark Trading in a Range watch it for breakdown near supportGlenmark Trading in a Range watch it for breakdown near support. sell only below 321 as 321 is a buying zone once it breaks it target would be 314 and 307
Sell Cyient Below Psychological Level of 200Stock is trading belwo 20MA and its very near to 200 levels once it breaks it will go down to 196 1st target and 2nd target of 190
Sunpharma Sell Below 448..Target around 440After breaking Psychological level of 450... Wait for 2 points down for conformation of sell signal... Sunpharma Sell Below 448.. Touched Support of 450 6 times in hourly chart.. now its ready to go down as its now trading below 20MA
Support for PNBshort opportunity for PNB
PNB is at its hourly support and could break any time.
Keep eye on it.
Rare Diamond pattern; expect selling up to 1.09 level.The pair has formed a diamond pattern, which is very rare. The pattern is favorable for bears. The price can take a break down from the current level or can first move up to 1.10532 before any bearish move. The tp for the trade is at 1.09685. If we get a daily closing below this support, we can look at 1.09 as the next target. For the entire trade setup, the stop loss can be set between 1.10532 – 1.10755 area, preferrable close to the upper level.
