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Gapdown

SBI: Bearish Marubuzo The corrective Elliot waves as per my last analysis reached T2 handsomely. The bearish Marubozu should make Shorting a 'safe' bet. However, a gap opening may get us a doji instead as the stock is inside a strong S&R Range; and the stock sees high volume trading. A harmonic pull-back is also on the cards in the 174-175 range for an uptrend back to 200. I would wait for a close below 174 for targets of 171; which will be another strong pull-back level.
NSE:SBINShort
by raj_rishav
A few gaps down but looks like we have more upside to go first.I think that we have more up to go for in the coming days/weeks and to extend a bit following the Q1 earning call on 29/04 however all these gaps down could see a closing in the coming months with the Q2 numbers and the depression hitting for a second wave. Let's be realistic, printing money won't play the part for much longer, bankruptcies everywhere are incoming and we aren't going back to normal for a year or two at least. Time to get ride of all these toxic companies.
NASDAQ:TSLALong
by Nooblade
$TSLA: 3 gaps up and 2 gaps down (3rd unlikely)With great numbers published for Q1 deliveries and potential an online-only but still maintained battery day in April (20th) just before the Q1 earnings call, we could see the stock rise despite the global pandemic and impact on the market to close the 3 gaps up before going down again as Q2 numbers will be hugely impacted by the shutdown/lockdown. I dont think that Tesla will be impacted that much by the depression as people able to buy such expensive cars or their solar roof will be the least impacted by it. Also buying a Tesla and/or equiping your house with Solar is a smarter move when you look at buying a car for 5-7 years or if you want to be independent from the grid to not be impacted by blackouts that will increase everywhere in the coming years (especially in the USA with their infrastructure).
NASDAQ:TSLALong
by Nooblade
HDFC BANK DRAGS BANK NIFTY DOWN.NSE:HDFCBANK 1.The MACD indicator in the chart shows us that the MACD line (Blue Line) has crossed the Signal line(Orange line) and moved lower indicating bearish crossover (start of bearish trend) giving us a sell signal. 2.The DMA on the chart are 9, 50DMA both are moving downwards indicating a bearish trend. 3. We can enter short positions in the stock once the low of today's candle is broken and keep our targets at the support levels * the above info is for study purpose only *
NSE:HDFCBANKShort
by Yash_Vagal
Intraday Real Trade: Price Volume AnalysisHi guys, what a day. I had to wait till afternoon for the short opprtunities. The patience really paid. I had three nice trades and I would like to share one special trade in UPL. Price Volume Analysis It opened with a gap down and made a spike low (see A). Later it broke that low and formed two more spikes with larger volumes, clear indication of some buying power. Buyer had a nice rally to retest day's high but soon seller came back (see B). After that, the stock struggled nearly 2 hours to breach the day's high. At this point I was expecting the break of high where price action gets into the gap zone and make some bearish signal (a fake breakout), that would have been my trigger for short entry. Unfortunately that didn't happened. But the overall market was breaking down and UPL, a weak stock, was standing still. That was alarming. It made a small last attempt to go higher but failed. Some people would call it triple top, well that's in intraday so not that important. But failures are important. The Trigger And then came the trigger which is not visible in this chart but is there in the 5min. chart or lower (will be posted in the update). It was a huge spiking volume with no real progress on 5min chart (the candle closed green with a very small range). It alerted me that if the price heads lower, that would mean that sellers will surely take control (of course the overall downtrend gave additional fire to the idea). The triggered forced me to take the short trade at 745.80. It was a quick sell-off afterwards, which took it to my conservative target of 739.20. It was a nice 1% down move caught later in the day. I could have made more but time constraint kept me conservative. Its always good to combine intraday trades with your swing trades. I hope I was able to throw some light upon the chosen topic. Your likes are important, so keep hitting. Trade safe Learn from wins & losses to better plan for the future Regards Bravo
NSE:UPL
by Bravetotrade
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