NSE:TECHM has printed a nice bearish pinbar around its life time high......high chance of reversal ...tomorrow i will look to short.......contra trend trade..... risk is high....only trade with light position
NSE:TCS has printed a bearish pinbar around its resistance of 3180 ..... so i will look to short tomorrow......but this trade is very high risk as tomorrow is the earnings announcement date after market hours..... but reward will also be high if it goes in your favour ....as per my view if 3100 broken it may move below 3000 also.
"DARRR KE AAGE JEET HAI" ;)
NSE:AXISBANK has printed a bullish pinbar who's tail touched its 200EMA and near term support of 530 and closed at 542.40 .... so tomorrow i will look to buy in futures
NSE:ONGC has printed a bearish pinbar around its resistance of 184 ..... i will go short around 183 tomorrow....
you can see my related link ....i had completed up swing... as i mentioned in that trade
HEROMOTOCO
Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.
NSE:KOTAKBANK printed a bearish pinbar which shows profit booking at its all time high.... looks like it will retrace before breaking its high......So i will Go short around 1125 tomorrow......Contra trend trade..not for faint hearts ;).
NSE:BANKBARODA has a resistance around 146 ... it has printed a bearish pinbar .....will look to short tomorrow above 142 for first trgt of 136. with stop loss 147... once it closes below 132 ... get ready for free fall
