BAJAJ FINANCE may fall beyond 1000 in couple of months.Strong chance that it will fall below 1000 by end 2020 or mid 2021.
Downtrend
YESBANK SHORT SIGNALHi friends I found a short signal in YESBANK and I am glad to share my analysis.
ITC - Deep Down trend seen - Target 157ITC Limited is always a positive trend stock and the consumer will increase on daily basis, since major people cannot avoid cigarette once they addicted to it.
I did deep dive analysis in ITC and noticed, deep fall in it as per technicals. It was one of challenging analysis in technical in recent times for me, since the analysis is opposite to what it is actually expected to happen in real world.
Target : 157.45
Target date : 20th Sep, 2020
Breakdown seen in descending triangle chart pattern.
IBULHSG Weekly ChartCurrently in a downtrend. Looking to form a base. It is better to be patient and wait until the trend reverses.
BEARISHNESS ZOON IN JUST DIALJust Dial as short zoon for up coming weeks. now just dial has downtrend it was another advantage for trend followers.
NSE:JUSTDIAL
Bosch Weekly Bearish ViewStock is in Downtrend and after breaking down recent support trend line it has posted pullback which terminate at 38.2% Fibonacci levels of previous down move....it seems like stock may hit new low from here
Regards,
Akshay Doshi
Short term down trend on AXIS BANK.Short term down trend on AXIS BANK.
AXIX bank trade with short term trend lines.
For intraday this right time to sell. NSE:AXISBANK
SBIN : BULLISH DIVERGENCE IN LONG TERM!NSE:SBIN
IN NEXT FEW SESSIONS IT MAY GO DOWN BUT OVER THE TIME OF NEXT MONTH A BULLISH DIVERGENCE HAS FORMED.
BHEL in The IslandBhel Looks Portfolio Stock Because
• Positive Divergence (RSI)
• Timing wise already consumed 12 years which is more than 7-8 years rally from bottoms of 11 to 390-400 zone going into 2007-2008 Financial Crisis Period
• Key Reversal Candle from lows of 40’s is confirmed recently.
Short term Trading Strategy
Plan A -
Buy above 61 for 77-80 Target zone
Plan B –
Sell below 55 for 49-50 / If holds below 48-49 can slip further downside to 45
Thanks for watching the video & your support.
Nifty 50 downtrend startedThe trend line in daily broke after a small retest it will go down. Be aware and stay out of investment for next 6 months
ASIAN PAINTS- Short term Bear, Long Term Bull Targets-1407, 1726ASIAN Paints is downtrend on short term, but uptrend on Long term. I marked the trend channel with control lines in charts, the prices oscillates within channel.
Cycle 1 - (Short Term Target)
Target 1: 1434
Target 2: 1401
Target Date : 23rd Sep, 2019
Cycle 2 (Long Term Targets)
Target : 1726
Target Date : 18th Jan, 2021.
ONGC - 15MIN - The Perfect Bear Flag Formation ?ONGC is in a small correction phase on the 15min chart. The stock has created a clear bear flag formation which can break to the downside. Shorts can be initiated after the levels of 133.75 have been broken.
Target 1 - 132.75
Target 2 - 130.80
Target 3 - 127.95
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SBIN IS IN DOWNTRENDIT HAS CONTINUOUS BEARPOWER. SO IF IT BREAKS THE SUPPORT LINE IT MAY FILL THE GAP WHICH WAS FORMED AT RS325.
GRASIM IS IN DOWNTRENDIT HAS STRONG BEAR FORMATION SO IT MAY GO DOWNTREND.IF IT BREAKS THE S1 LINE IT HAS A CHANCE TO GO UPTO S2 LINE.
india bulls housing is downtrendIT IS IN SUPPORT LINE AND ALSO IT IS IN BOTTOM OF THE CHANNEL.SO AFTER SOME DAYS IT HAS A CHANCE TO GO UPTREND.
APOLLO tyre is in downtrendALREADY IT CROSSED SUPPORT ZONE STRONGLY AND ALSO IT HAS STRONG BEARISH MOVEMENT SO IT WILL GO DOWNTREND UNLESS IT FORM STRONG BULLISH SIGNAL.
NCC IS NEUTRALIT IS IN SUPPORT 2 LINE.IF IT BREAKS DAT STRONGLY UPWARD IT HAS A CHANCE TO GO UPTO SUPPORT 1 LINE OTHERWISE IT WILL GO DOWNTREND.NOW IT IS IN NEUTRAL.
ASHOK LEYLAND IS IN DOWNTRENDIT ALREADY CROSSED 2 STRONG SUPPORT ZONE.SO NOW IT HAS A CHANCE TO GO DOWNTREND FOR SOME TIME.SO WE HAVE TO WAIT AND WATCH.
