Darkcloudcover
CIPLA - Time for Little Correction?CIPLA has formed Dark Cloud Cover on 4 Hour Time Frame and has given confirmation by forming a bearish candle. If it breaks below Rs. 649 and sustains it can fall upto Rs. 629 and further.
Disclaimer: This is just for Education Purpose. I'm not in any way advising you to buy or sell. Trading in stock markets is risky. Please consult your investment advisor for trading and investment recommendation.
Bank Nifty : Rising Wedge (Log Scale)Bank Nifty has formed Dark Cloud Cover candlestick pattern on daily chart which is bearish reversal signal. If we see weekly log scale chart, we find rising wedge pattern formed over a period of 12 years. Significance of the pattern can be gauged from the 3 reversal happened in the same zone in last 3-4 months. 31300-31600 is the upper range of rising wedge at this moment. Market looks more tilted towards risk as compare to reward. Lower range of support for wedge pattern comes at 25800-26200.
Stay Cautious in bullish trend.
MOMENTUM TRADE IN MINDTREE MARCH (FUT)MOMENTUM TRADE IN MINDTREE
MARCH FUT
FALLING DOLLAR
FALSE BREAKOUT
DARK CLOUD COVER
BREAKING SUPPORT ON DAILY
FUT TRADE
SHORT@922
STOP@937
TARGET@900
LOT:600
QTY:1
Dark Cloud Cover on IBULHSGFINDark Cloud Cover candle on IBULHSGFIN and sign for bearish.
Trade:
Short - 1188
Target - 1160
Stop loss - 1205