Sell Near 1455
Reasons for trade -1. Price has resistance at daily channel and 15 minute channel
2. Price formed bearish candlstick pattern on hourly chart
3.daily trend is down
4. Risk Reward 1:3
As nifty is moving in Ascending triangle, Ascending Triangle is getting completed near to 11950-12000 levels .
After The Break Out of Ascending Traingle we can expect Immediate TGT of 12400-12500 in NIFTY
one can place SL of recent low i e 11450 in spot and that too on a closing basis.
Dmart Sell at 1450 Stoploss 1505 Target 1350-1300
Resons For Trade- 1. price is Near to daily channel resistance from where excess selling is done three times. 2.Price has formed bearish candlstick pattern near channel resistance. 3 Price is about to break 15 minute channel support. 4. on 15 minute chart price is closed below 50 days EMA. 5 Risk Reward is 1:2
DMART looks set for a recovery. We could observe a confirmed bullish Ascending triangle pattern. Target of the pattern comes in at 1480. However, the price was rejected by the trendline resistance at around 1420. Going forward, if the trendline is breached expect the stock to raise towards the pattern target.
(Disclaimer: Our charts and contents are just for the...
TimeCycle will help you to verify the target for a time. If everything is normal then NIFTY will take turn tomorrow on downward.
Pivot level is upside and buyers can take its benefit for profit booking.
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