Nifty - Double Top ReversalNifty wonderfully tested All time high twice at 15900 and formed a Double Top pattern. We can expect NIfty to touch 15500 in Early July expiries.
Hold your short positions until it breaks the Resistance zone at 15800 levels or execute fresh short near 15780 levels.
We need to stay caution as overall Market sentiment is bullish. We are trying to capture a small correction in downside.
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Disclaimer
Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Fibinonacci
Titan - All time high Breakout - June seriesTitan is testing its All time high for another time at 1610 levels.
If it manages to break the resistance, Execute long after the retracement happen near the Resistance level as mentioned in the chart for a minimum target of 50 points.
If it fails to break and started to fall, execute Short at 1580 levels after the retracement (for confirmation) for a target of 100 points.
As Nifty is also testing its All time Highs on daily basis, we may see a small correction as many stocks are in overbought zone. That may pull Titan also downward. Wait for the breakout on either side and take your trade accordingly.
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Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Bajaj Finance- All time high Positional Trade (June series)Bajaj Finance is near to its All time high .
Traders can take short position once the Triangle pattern got broken for Targets of minimum 400 points.
We can execute Long if the price manages to close above the All time hig h in 2 hrs candle.
Use RSI trendline breakout for double confirmation of your trend.
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Disclaimer: This view is for educational purposes only. Please consult your advisor before taking any trade.