SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance.
Initiate short calls.
Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197.
NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Escorts like any other auto stock is on a strong uptrend. But now it shows signs of possible pullback. Reasons:
1) Upper line of the channel.
2) Evening star candlestick pattern.
3) New high not accompanied by high volumes.
TGT: 1200 SL: 1312 (High of the red candle)
Heromotoco has a very beautiful price action trading in the channel.
The stock made an evening star and closed at the value price.
It is also showing a hidden bearish divergence. Seems like its ready for the downward cycle!
Short below 2750 for 2720, 2700, 2690, 2675, 2650 with SL at 2800
Since tomorrow is expiry, it would be a volatile &...
Auropharma has formed Evening Star on 4 Hour Time-Frame. Confirmation Bearish candle is also formed. If it breaks below Rs. 754 it will enter into sell zone. It is also giving sell signals on Daily chart.
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...
Looking at the Evening star pattern created today on the candle, looks like the stock might fall down tomorrow.
I am still studying about the support and the resistance lines for targets and stoploss, but below are my predictions. Please let me know if I'm wrong.
Target - 262.5
StopLoss - 307.3
Lets hope for the best.
After a long bullish candle, today a doji is formed with high volume which means uncertainty in the market. Profit booking might be happening and tomorrow we may see the bears getting into the market. Short tomorrow at the bottom of today's doji. RSI is also at 75 suggesting over bought condition.
Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come
TCS NSE:TCS again got rejected at the long term trendline resistance which has been holding strong since Oct 1,2018.
I can see that it formed a long Bearish candle and an Evening Star pattern on Feb 28.
Good opportunity to shot for targets of 1940 and 1920 with stop loss a few points above the downward sloping trendline.
Disclaimer: Views expressed here are...