RELIANCE had been tricking our red zone from last month (Check related Idea's), Now its forming bearish flag right abv said zone , keep watch!
if you have any queries regarding above idea or any other stock feel free to D'M
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I will update BANKNITFY shortly.
As per technically, till there is not much positiveness on nifty nor in banknifty.
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NIFTY is following as per my chart. please check below post also.
We have seen breakdown after (5) wave and fired move in downside which still unstoppable.
This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby.
I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative...
First of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat...
Just see the chart on weekly time frame.
if nothing negative come from market then it has potential to go for 34 Rs target. Short term target 1 is 16 rs . target 2 is 20 rs. Target 3 is 27 and then 30 and then 34
TVS motor has presented us a very juicy shorting opportunity. On weekly, it has broken a wedge formation. On daily a flag formation has been broken. SO pressure is on the downside. As the broader market is also plummeting, there is a high probability of TVS motors to reach its target and beyond.
I've observed a good Flag pattern trade, which could reward well in short term. One can buy the stock with the following details
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.