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Evening Star

Sun Pharma - Time to book profits ?Pharma sector has been on a roll for some weeks now and it may be time that the sector cools off a little before commencing the next leg of rally. After a big upmove from 436 to 579, I think Sun Pharma NSE:SUNPHARMA may have entered into correction mode, looking at the large Bearish candle and Evening Star pattern that it formed today. Good opportunity to short here for a first target of 535. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:SUNPHARMAShort
by nano6yogesh
3
Nifty IT – Another leg of correction ?After the corrective move around end of April, the final leg of correction seems to have commenced in Nifty IT NSE:CNXIT . IT stocks including large caps like TCS and Infosys witnessed heavy selling pressure today. Looks to me that the selloff will continue and is the start of a corrective move in IT index before a fresh uptrend begins. I can see that IT index formed an Evening Star pattern today with a large Bearish candle. Even Nifty formed an Evening Star pattern today confirming the Double top structure which indicates that a lot of weakness is left in the markets and this time around we may see IT stocks falling with Nifty and Pharma stocks acting as a hedge. Went short on IT stocks today with target of at least 13450 followed by 13300 and 13000 levels on IT index. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:CNXITShort
by nano6yogesh
5
Maruti Suzuki – End of Countertrend ?Maruti Suzuki NSE:MARUTI witnessed stiff resistance around 9100 levels today and closed even below 9000. I can see that the stock was pushed down after retracing 76.4% of the previous downmove and has also formed an Evening Star pattern. Good opportunity to short here with a small stop loss for a target in the 8500-8600 zone. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:MARUTIShort
by nano6yogesh
Zee Entertainment Ltd. - Downtrend resumes ?Media sector in general is looking weak and Zee Entertainment Ltd. NSE:ZEEL formed a large Bearish candle today. I can see that the price got rejected after retracing 50% of the previous downmove, and has also formed an Evening Star pattern. Good opportunity to short here for a target around 534 levels. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:ZEELShort
by nano6yogesh
1
Auropharma-FBO Agent-Forgot about Night Glasses-Cracked 697-670Hatrick!!! – Watch Earlier Connecting Videos mentioned in the post. Good Morning Fellow Traders! Wishing all of you a happy, prosperous & peaceful 2018 – Do take care of volatility which will be part & parcel of this year- Learn more about stop losses – It is always better to cut your losing trades & carry your winning ones. Yes, you heard it right- FBO not FBI Agent – False Breakout Offender (that’s what this fellow seems to be) Excited to come up with the first video of 2018 – Cunning Fellow Forgot about the Night Glasses I was wearing – How he can assume so that I won’t as I talked about stars before night is about to fall at 697-698 in previous video- Selling top@690-650 Boom & Star before Night Falls@697-698. Check the Video Below Key Level 697-698 – Magical one gives 677 in 1st attempt – I closed the update- bounces above 700 –deceives traders but not me as I was wearing night glasses all throughout the journey. Why Night Glasses- we all know it helps to see properly incase of starburst or halos situation. Halos – circular light above the holy saint which cannot be seen through naked eye. One thing very clear –this fellow when it broke above 795 first time- I came up with the update –False breakout above 800 trying to tell you something Check the Video Below Auropharma is serial offender of doing false breakouts- Earlier above 795 & this time above 697. I warned as well that be careful below 697-698 – Next time don’t forget to wear your night glasses. So Lets begin!.. Note --- Words / Alphabets /Pharses used in the text / video is not to hurt the company / individual person. This is a piece of analysis & writeup.
NSE:AUROPHARMALong
by WaveTalks
18