Today I felt like writing an obituary... of indian stock market! I wrote yesterday that it would fall even today based on data and indicators that were available, least did I know the fall would be so severe. And if you see the list of Nifty losers, the highest loser Yes Bank fell by 13.9%, 2nd, Vedanta by 7.8 % and 3rd, Indiabull housing by 6.8%. The High...
Open Short position TP 407
Target 394, 380
SL 420 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
Please, take a second and support my effort by hitting the "LIKE" button, that’s the only fee from You!
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.9.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=128.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
INTRADAY BUY TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Risk Reward is 1:3 or 1:4
Important : NIFTY 500 INDEX is also Going Towards 8200 Level.
So Do Not Add Stocks In...
Hope traders made some profits today too on short side. Today's candle on daily chart gives clear picture of what the situation is and what we should expect in days to come if no substantially good news comes from goverment. But this I will explain when we tackle charts. First the essential fundamentals and review of today's market. That Nifty will fall And I...