#valentines day I find the stock bearish keeping mid and short term perspective and have checked the upside levels for the stock ...which will now a big hurdle in its journey upwards !!!!!!!
...... All plotted & mentioned on chart. My Personal View, May Differ from others. Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. DOW View as of 11.43 PM 14/02/2018
Notes on the chart. Happy weekend.
SHORT Canara bank for target of 320.6 in futures as we know mostly if stocks gap up open or gap down one day it will come to fill the gap in many cases its true,so most possible situation here is 1]its a gap,2]trend line broken,3]breakdown with good volume.
All mentioned & plotted on Chart. My personal View. As i am not SEBI regd. analyst, take this study as educational purpose. For taking trade decision Consult with financial Advisor.
....... Plotted & Mentioned ........ CHART. If this post enriched your knowledge & helpful for trading, Please don't forget to Hit / Click Like button. Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. All patterns have are not fulfilled 100% criteria. Snapshot:...
buy @ 505 for safe traders level of 520 crucial and important ..!!!
When 1st Target Achieved Book 60% Quantity. And Trail Your SL to Entry Price. No Technique Can make money for you, if you don't follow disciplinary principals. Risk Management & Position sizing is must before entering any trade.
Lets see if a reversal signal is generated. Nifty has filled the last two recent gaps, so I am expecting it to fill this one too if the pattern becomes valid. BB has tightened up, a breakdown could add to confirmation. (Median 20 MA acting as support for now at 9602-9604.
IOC Observations from the chart - - Made High of 404 on 7-Feb-2017 - Took that level out with a strong gap up (from 397 to 405) on 7-April-2017) - Trading below 405 after almost 3 1/2 months - Also Broken trend line now -20 day EMA & 50 day EMA crossover observed after a very long time Any rise towards 397-405 needs careful attention. Rejection at those...
Explained in the charts Declaimer: its my view. strictly ,, not a recommendation
It will reach TG 1 & TG 2 Eventually , Rest Mentioned in the charts Though it is strictly my view (not a recommendation)
There is an unfilled gap from 8970-9020. Market will try to fill it as soon as possible. Target: 8975 (175 points) Stoploss: 9200 (50 points) R/R: 1:3.5 Regards
Bounced off from crucial support with good volume. Will it reach the gap in short term?
As per the price action saw on Monday, the gap down suggested a bulk selling and it shall continue the same for tomorrow until it reaches to previous support level where we could see some buying back that shall move the prices up to fill the previous gap and clear out demand and supply discrepancy. Target:19400 Stoploss: 20300
For now, it seems like the price action shall take up prices to previous support level and will also fill up the Gap. The further price action will be decided once the gap is filled. Now it is important to note the price action whenever the prices touch previous support as high selling is expected at that levels which might take prices further down.
It is been observed that the index is making lower lows and highs, indicating bearishness. It is also to note that the price action is going forward downside to fill up the gap that was created on hourly chart. That shall clear discrepancy and make buyers come back in the game again.
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP. Target: 3280 Stoploss: 3070