Downtrend
AMARAJA BATTERY | Risky Long SetupUnusual pullback after a long term downtrend in stock indicating weakness in present trend. Momentum of counter trend pullback is stronger than usual with MACD making fresh high since the last 9 months period. Price is also trading in a Channel right now and bounce from lower levels is visible here. A long trade can be made here with strict "stoploss" of 678 or conservative traders can use break of channel as a stoploss. First target should be around 740 and second target is Channel's upper band.
POWER GRID LTDPlease strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising.
It has recently touched the Monthly High TL.
The downside reversal is confirmed by a Bearish Wolfe Wave.
May be in short term it may bounce till 198. But better avoid until and unless no clear breakout is seen. Rest all updates will be given in the update idea section
Chart & Analysis By - ADARSH DEY
[Short Term] Downtrend Channel Breakout in AMARAJABATIn daily timeframe, AMARAJABAT showing the breakout of downtrend channel. After this breakout if this stock sustain above 720 level then expected 825+ target in upcoming few trading session. Can go long above 720 with nearest stop loss of 690 for target of 755,790 and 825+ targets.
ZEELEARN TRADE SET-UP NEAR TO BREAKOUTZEELEARN share is downtrend from June 14 to till date as you seen in the chart.
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There is trendline which is showing that share is going down on every day from June 2021.
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Now as you see there is BREAKOUT on last trading day.
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But we wait for the confirmation, so you can buy the trade once it reach 14.
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Our First Target is 20.
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Bullish RSI Divergence in Downtrend ChannelIn 1 Day time frame. TVSMOTOR showing bullish RSI divergence. Since last few months this stock trading in downtrend channel. Expected this divergence gives short term upside movement in stock upto upside resistance level. After reaching at resistance level if this gives breakout then expected 665+ target in TVSMOTOR.
Srt finance sell below 1311If market is negative then short it
as three times want to break down side
and make a bearish single
PENNANT SWING TRADE !Mahindra and Mahindra is clearly forming a pennant pattern after a downtrend move. Stock is in downtrend since FEB 10 , 2021 . Although there is high chance of breakdown from this pattern due to down trend but we may also look for breakout. Enter only after a clear breakout/breakdown for more edge.
This analysis was done by me only for educational purpose , feel free to share your views/feedbacks.
Mentorship InstaView 19 July’21: Here we Go Again
Nifty View: Yet another failure to hold onto a new life high as the benchmark Nifty index slips over 170 points in today’s session to post a close at 15,761. The “Bulls” should worry a bit now as the breakout move which we noticed last Thursday has now turned into a failure. We were focusing on the importance of 15,777 and in today’s session, we have got a clear break of this level. The short term trend of the index has now turned down again and expect some more weakness if the index does not recover above 15,850 within this week’s trade. And if that plays out, then sadly the current supports of (15,650-15,700) will not hold.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 08 July’21: Back to short term Supports
Nifty View: Nifty slips hard in today’s trading session losing 151 points to end the day at 15,735. In our yesterday’s analysis, we did mention the importance of a break below Wednesday’s low of 15,788. And that's how it did play out today. The index has now shifted to a short term downtrend and back to short term supports of (15,650-15,700) which has held the index UP for few instances in the recent past. Now for the nascent short term downtrend, this is an important juncture. A close below 15,650 definitely dampers the sentiment and raises more possibility of downsides. It’ll be prudent to observe the market closely rather than focusing on compulsive trades for the next couple of sessions.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.