Downtrend
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.
TATAMOTORS IS BEARISHALREADY IT CROSSED THE SUPPORT LINE STRONGLY AND ALSO IF IT FOLLOWS THE TREND LINE IT MAY GO DOWNTREND.OTHERWISE IT HAS A CHANCE TO GO UPTO RESISTANCE LINE.
BAJAJ FINANCE IS BEARISHIF IT BREAKS THE TREND LINE STRONGLY IT MAY GO UPTREND.OTHERWISE IT HAS A CHANCE TO GO DOWNTREND .
From a longer perspective, there is a still problem in BANKNIFTY
Long term tight channe l since 2016.
3 excesses at the value and one excess at value low.
5 waves are completed.
A previous Resistance and Wave(3) at 28227 (can be upcoming support).
50 days moving average is at 28080 nearby (too far for work as support).
Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).
Conclusion: From a longer perspective, there is a still problem in BANKNIFTY.
short sell - HDFC Bank - Possible target 2360short sell - HDFC Bank - Possible target 2360 , Forms Doji , possible OPEN=HIGH tomorrow.
banknifty wait for pullback then shortshort at 30200 - 30250 range
stop loss 30400
1st target 29570
2nd target 28867
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
nifty in grip on bear nifty in grip on bear. any pullback will sold into.
so trade carefully.
nifty stoploss 11590. safer side it can be extended to 11648.
1st target 11262
2nd target 11138
3rd target 11012
if breach 10980 ( its going to be difficult for bears to breach this spot, if so happens then )
it can slide to 10822,then 10750, 10600.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Did you sell Ultratech?What and where you could have sold it?
In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today.
What would be safe entry ?
After 1 hour of bearish candle reversal, we could have sold near bounce at 4670 with Sl 4707, now is divergence in intraday tf reliable for such big fall? Yes, if you know price action.
Let us see how we predicted this move -->
Here we predicted for upmove -->
Here we predicted overall rough picture -->
Regards,
Sharma Yogesh
Retrace of BTC BTC can go to back between $90k-$93k which is very good for a sign for upword movement for next target between $99k-$101k resistance.
Carefully see M&M In downtrend, if buyers have made a strong recent tail below value and current price rotations are now confined between the control and value high, The downtrend is ending. If it does end, breaking value area high and developing a higher value preceded by a buying initiative move, start looking for the new control. If somehow, the downtrend does not end but resumes complete rotations from the value high to the value low and back, return to normal trading behavior in a downtrend. Sell from excess above value to just below the control and buy in excess below value.
AXISBANK | Trade Nivesh Today Axis Bank is down trend
trade nivesh researchers suggest you
sell below 813.3 with stop loss of 824.50
mid point is 818
bearish trendThough the candles are above the 20,100,200ma ,it followed a bottom circle pattern .Therefore there will be a slight bearish pattern will be observed in the market.After a slight dip the market will again shows a uptrend till it reaches the resistance line
Bajaj Auto : Ready for HoodiBaba Ride !!Bajaj Auto has given first indication of bull run when it closed above 2900 on weekly basis which started higher top higher bottom series. Counter has corrected after touching high of 3050. 38.2% retracement of entire rally from 2450 -3050 comes at 2825. 2810-2825 zone should provide support for next bull run. Stochastic has entered into oversold zone but yet to turn bullish. Opportunist can buy at 2825 with stop loss below 2720 for target of 3200. Trend follower can wait for reversal on stochastic and ADX.
GBP/JPY - Descending TriangleGBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level.
- Price touched a few times validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
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