on 15 min timeframe , channel pattern has been formed on bajaj finance chart. One should go short if the price breaks channel & if sustained for 30 minutes on below the buying zone. NSE:BAJFINANCE
For: 1. MACD crossover. 2. Near the breakout of Darvas box. 3. Increasing volumes and higher delivery percentage. 4. PCR at 0.79 as on 12/02/2021. 5. Taken support from 200 EMA (red) and 100 EMA (black) recently. Against: 1. A slight bearish divergence. Educational purpose only. My 1st idea (be kind).
Sun Pharma ____ DOUBLE TOP __1 day chart pattern ____ APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH. ___ I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE ( HANGING MAN ) IN THE NEXT FEW DAYS" TARGET__ 475- 450 STOP...
MY VERY FIRST ANALYSIS / CORRECT ME IF AM WRONG PLEASE VALIDATE AND GIVE SOME SUGGESTIONS ! Previous support levels resistance level is broken along with a small rally. Since LTP : 27.75 Entry price : 28.00 Previous resistance level is found to be at 30.3 so Exit price is kept well below it as Exit price : 29.8 Stop loss below previous support level of...