Box Breakdown can be on the cards. Next Target will be the difference of the box.(Marked with green lines.) There is a box made with writing Value Zone so what is it?
With Banks in rise there is expectation of Pharma to go down but with volatility around it can be a great opportunity for value buying.. So why suddenly value buying is the question
Let me explain...
IRCTC is on thin ice here. Weekly charts show the stock has always taken support at 1345 levels. If it closes below the levels, could be a not-so-pleasant journey for the stock.
Short initiate at 1343. Target@1314. SL@1354.
Every swing is getting smaller and smaller which is reflecting the momentum loss and sellers getting stronger day by day. Along side this we can also see in the chart that is has already touched it's support again and again which is making this support weaker with every touch .
What is your saying folks. Let me know in comments.
Disclaimer: I am not SEBI...
BEARISH SETUP - Breakdown from a rising wedge pattern with massive volumes supporting the bearish momentum.
Also the distribution phase can be clearly spotted with dried up volumes and a sudden breakdown with huge volumes confirms the charge of bears, thus a good downside move can be seen in next few trading sessions.
View: Short on confirmation (once...
Two days before, posted a Sell signal of Asian paints before breakdown of WEDGE pattern, those who entered made good profit.
here is another chance to enter....
Major support zone - 1595 to 1600..ENTER only if it breaks otherwise a reversal can be seen.
Sell below 1595
Target 1- 1580
target 2- 1570
target 3- 1560
SL- Use strictly Tight stop loss according to...
Muthoot 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
Apollo Hospital Sell below 1260 for a target of 1215. This is the 4th time it has reached the resistance level. Resistance has become weak as this is the 4th time it is testing it. This time it will break as the NIFTY trend is also negative.