With Metal Index looking Bearish, selling pressure seems to be mounting on JSW steel NSE:JSWSTEEL as it formed an extremely Bearish candle on Friday.
I can see that it has formed a Double Top like structure around 344 levels and is showing Negative Divergence.
Looks like the stock is heading towards 307 levels.
Good opportunity to go short with a small stop ...
I can see that Nifty NSE:NIFTY has formed a nice Double top around 10900 levels with RSI divergence.
If it fails to cross this hurdle it may come back to 10420-10490 levels.
If it breaks 10900 and sustains above it on closing basis the trade is invalidated.
Good opportunity yo short here with a small stop loss.
Disclaimer: Views expressed here are my own, ...
Tech Mahindra has been struggling to cross the resistance around 722 for past few days.
With IT index looking weak, there is a high probability that the stock may crash soon.
I can see a Double Top formation around 722 levels with a negative divergence.
Good opportunity to short here with stop loss a few points above 722 for a first target around 640 ...
Tata Elxsi NSE:TATAELXSI has hardly corrected at all from its top and is close to its high on April 26.
With US dollar coming down with respect to Indian Rupee after a huge uptrend and IT sector also looking weak, looks like this stock is ripe for profit booking.
I can see a Double top formation here with negative divergence.
Good opportunity to short here with ...
After a long uptrend, TCS NSE:TCS appears to have formed a Double Top today, facing stiff resistance around 3600 levels.
I can also see a Bearish engulfing candle at the top with RSI showing negative divergence.
Took short positions today with a target in the 3150 – 3200 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an ...
ITC NSE:ITC is facing very strong resistance near 290 levels.
It has been struggling around these levels since past few days.
Now that the results are also out, looks like profit booking has started in this stock.
I can see a Double top formation with a negative divergence as well as a Bearish Engulfing candle that it formed today.
Good opportunity to short ...
HDFC NSE:HDFC has been slowly rising towards its previous high made on Jan 29.
However, the stocks has once again failed to clear the resistance around 1950 levels and is slowly moving down.
I can see a Double top formation here with negative divergence.
Looking for shorting opportunities in this stock with stop loss above recent highs and first target of ...
SRF Ltd. NSE:SRF has formed a clear Double top with Negative Divergence.
To me looks like it is slowly moving towards ~ 2000 levels guys.
2300 can be a good resistance on the upside.
However one needs to watch out for result on May 17.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your ...
133.00 is the key resistance which can be seen on Daily chart.
A double top was formed during the past two days trading session.
Price has since trying it's last push higher.
I am anticipating a triple top to form, press the price lower.
My position :
Entry : 132.65
SL : 133.15
TP : 131.90
** This is not a Buy/Sell recommendation **'
** Please do your own ...
Pls see the chart. Double top formation going on in 1 hr chart based on double top 1060 is support level. Based on triangle, support line mentioned in chart. Choose which one is prefer to you. Both breakdown gives the same target.
Vijayaraghavan,
Kovilpatti.
A classic Double Top pattern has been formed on NSE:ESCORTS. A double top pattern is often formed on a previously bullish stock that is now currently showing a reversal to a bearish direction. This is a medium term positional call that is valid for 45-50 days. Interestingly, a stochastic bearish divergence (Triple) is also formed confirming an immediate fall in ...
Technical : There are 2 patterns in the chart for 1hr
KEEP AN EYE ON
Chart Pattern
1. Flag pattern
2. Double Bottom Reversal
3. RSI Divergence
The breakout was confirmed on 12/11/2018 11:15am Candle @183
Technical Target : 207
Fundamentals :
(Fundamental Medium Term Target 250)
(Fundamental Long Term Target 300)
1.Total (Mkt. Cap) : 899cr
2.Debt : ...
