NSE:ONGC has printed a bearish pinbar around its resistance of 175 and also 50DEMA crossed 200DEMA
so double confirmation that price is likely to so south...
Trade with strict stoploss of 180..... i will look to short in future tmorrow and will update here
Biocon consistently making higher lows on closing after it bottomed out at 612 levels. If nifty moves down tomorrow on opening you can expect correction from these levels on account of profit booking.
NSE:SUNPHARMA has printed a bearish pinbar today and failed to close above its 50DEMA since last 3 days...
to me it looks week .....will go short tomorrow
NSE:TECHM has printed a nice bearish pinbar around its life time high......high chance of reversal ...tomorrow i will look to short.......contra trend trade..... risk is high....only trade with light position
High Risk/Reward Ratio on UNION BANK OF INDIA Stock to go long here.
Exposure to Gitanjali Gems NPA has been blown out of proportion in relation to this stock. Time to be greedy when others are fearful. Getting behind this stock at these price levels which havent been since since early 2007 becomes a smart play.
At the onset, I want to make it clear that EW count on hdfcbank is a tough job because of the exponential nature of the price curve. What i have presented below is just a thought experiment. No trade is intended or suggested.
The chart here is the post demonetisation rally (jan 2017 onwards). 3 waves seem to be complete with wave 4 underway. My basic premise is ...
At the onset, I want to make it clear that EW count on hdfcbank is a tough job because of the exponential nature of the price curve. What i have presented below is just a thought experiment. No trade is intended or suggested.
The chart here is the post demonetisation rally (jan 2017 onwards). 3 waves seem to be complete with wave 4 underway. My basic premise is ...
