Short ICICI Bank.ICICI Bank is forming a reverse Head and Shoulder Pattern on a 2 H time frame. The next support would be between 309 -311.
There is also a negative divergence on the RSI. Can go short on Monday
Negativedivergence
Amaraja Batteries Negative Divergence on 4H ChartsOne can trade position easily on the break of trend line with your risk reward ratio
As per my Inspiration,Mr Mitesh Patel, When you know the stock is going to fall, dont just keep watching, take some action at least as per your risk capacity.
1) Short in Cash
2) Buy Put
3) Sell Call
4) Short in Futures
Remember to follow Money Management
Trade as per your risk capacity.
Even i am learning along with you.
Dont trade Blindly
Bajaj finance can easily go below 1000 or even 800 Alert!... Bajaj finance making continuous
Lower low as well as a negative divergence in stock price.
We can see the level of 1000 or below in coming 6 month.
Any pull back will be a bear trap so don't buy it unless price got settled.
Dmart can come down to 1000 or belowDmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
HCLTECH Weekly bearish shortNSE:HCLTECH HCLTECH weekly double top and rsi negative divergence... SHORT SHORT SHORT
MOMENTUM TRADE IN UJJIVAN FUT APRIL (FUT)MOMENTUM TRADE IN UJJIVAN FUT
APRIL FUT
BUY@324
STOP@314
TARGET@334 ST
TARGET@344 LT
LOT:1600
QTY:3
NEGATIVE DIVERGENCE SEEN
TRADE WITH STRICT STOP
GOLDEN CROSSOVER SEEN (50-DMA C/O 200-DMA)
Axis Bank (Crucial Stage) - May See 545-541-538-520Axis Bank has crucial the upper trendline Resistance at 575 and is forming Inverted H&S Pattern which is a bearish Pattern. Can be shorted below 554. SL 563
Please consider following reasons -
1. Trend Line Resistance
2. Negative Divergence on Stocastic
3. Inverted Cup and Handle Pattern
ITC (Short Candidate) - May see 287/285/281ITC has crucial the upper trendline Resistance at 292 and can fall from that Levels and broke 0.5% Fibonacci Support at 287. Can be shorted below 290, SL - 296
Please consider following reasons -
1. Trend Line
2. Negative Divergence
3. Poor Market Sentiment
ASIAN PAINTS (Short Candidate) - May See 1240-1230-1220Asian Paint has crucial Fibo 0.5 resistance at 1255. Can be shorted below 1255 for 1240-1230-1220. Also in case the share bounces from the resistance of 1255. Look to short around 1275.
Please consider the following reasons :
1. Trend Line
2. Bearish candle on Daily Chart
3. Double Top Formation
4. Poor market sentiment
nifty short termcould be double top at 10150-10180 levels great risk reward for shorts on nifty stop loss at 10200 targets 9950/9900/9800,negative divergences of price with RSI & MACD can be seen on nifty daily charts
Bearish!!! Everything is mentioned on chart...
Note: Do your own study before making any position...
Be Cautious!! { Negative RSI Divergance }On the daily charts of Piramal Enterprise, Negative RSI Divergance has been formed...
Looking towards price, it is standing on important support...
RSI Negative Divergance is indicating that it may break that support,
If it breaks that support we may see more down side..
Targets will be 2760/2700/2650/2600
SL will be 2800
If it dosent break that then target will be 2920/2970/3150
SL 2820
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
Overbought + Negative Divergance { Bearish }Gujarat Fluorochem may start fall from this region..
Reason 1: It is showing negative divergance in daily charts which indicates for being cautious..
Reason 2 : In weekly charts it is Highly overbought (RSI 80) which confirms it may go downwards...
Its Targets are :
Target 1 : 770
Target 2 : 760
Target 3 : 750
SL : 788
Note: Do your own study before making any positions...
Please Like, Follow and Comment your views below...
Negative Divergance in hourly charts of BHARATFINIn the hourly charts of Bharat Financial Inclusion a Negative RSI Divergance is forming which indicates stock price may fall...
Here, Price making higher high where as, RSI making Lower Low formation...
CMP 803.8
RSI 58
Be cautious.....
Note: Do Your own study before making any position...
Please Like , Follow and Comment your views below...
Caution : Negative Divergance on daily charts of Nifty 50...Nifty is showing three strong signals for correction
Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness...
Signal 2 : On weekly charts a Shooting star pattern is forming...
Signal 3 : RSI at weekly charts is highly at overbought zones...
Now for next few days small cap may run and many people will turn bullish & will enter at higher price and may face losses...
Be cautious... Do your on study before making any positions...
Please Like, Follow and Comment (Share your views in comment section)...
#short tatasteel short tatasteel in zone of 488-492 with the sl of 504 closing bases...target should b around 458 ,then llikely around 444
Bank Nifty - Bullish momentum might take a pause* Bearish Harmonic on price
* Bearish Harmonic on RSI
* Negative divergence
