Get started

Breakdowntrading

MGL - SHORT SETUP NSE:MGL 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 RS breaks zero level from above) PS: Trade with caution or wait for some more price action. Diclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!
NSE:MGLShort
by rahuljaiswal1580
INTRADAY | ASIAN PAINTS | FOR THOSE WHO MISS THE TRADETwo 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 your risk Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
NSE:ASIANPAINTShort
by CKDZ
Axis Bank Clear cut break Down on 4th may 2020Axis Bank Clear cut break Down on 4th may 2020. Even the market had touched the new high of 9850 Axis bank didnt move significantly. which indicated that investors are not willing to enter the stock at currnet level. check the levels of support and resistance in chart XISBANK 28May2020 Add to Watchlist An increase in open interest along with a decrease in price mostly indicates short positions being built up, except for very strong stocks where some traders may buy the stock on declines May 04, 15:30 406.20-39.30 (-8.82%) BSE: 532215 | NSE: AXISBANK | ISIN: INE238A01034 Open Price 423.25 High Price 424.40 Low Price 398.55 Prev. Close 445.50 Spot Price 402.80 Open Int PCR 0.58 Prev OI PCR 0.61 Bid Price 406.00 Bid Qty 1,200 Rollover % 1.33% Average Price 410.06 No. of Contracts Traded 27,514 Turnover (Rs. in lakhs) 135,388.69 Market Lot 1200 Open Interest 48,414,000 Open Int. Chg 1,624,800 Open Int. Chg % 3.47 Offer Price 406.25 Offer Qty 2,400 Rollover Cost 1.80
NSE:AXISBANKShort
by SherBazaar
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.
Short
by forexnoobmaster007