SOME PULLBACK EXEPECTED TILL 27550 TOMORROW
IDEAL LEVELS TO GO SHORT ON THE INDEX
CHANNEL BROKEN /RANGE(RECTANGLE RANGE BROKEN)
NOTE:LEVELS ARE AS PER CASH/SPOT RATE
PLEASE ADJUST IN FUTURES ACCORDINGLY
SMART INVESTORS WILL ACCUMULATE
AT THESE LEVELS STOCK HAS RETRACED
MORE THAN 61.8% AS A TRADER TRADE FOR
SHORT COVERING AS A POSITIONAL TRADE ACCUMULATE AT THIS LEVELS
BUY@107(WAIT FOR IT
STOCK HAS FORMED A STRONG ...
After an explosive rally of about 1500 points (8000 to ~ 9500), Nifty Pharma NSE:CNXPHARMA has been facing stiff resistance around 9500 levels for past few days.
Also, I can see that it has formed a Double top with negative divergence and broke the rising trendline today.
Most major stocks like Lupin, Dr. Reddy, Cipla which appeared to give a breakout have ...
Pharma sector has been on a roll for some weeks now and it may be time that the sector cools off a little before commencing the next leg of rally.
After a big upmove from 436 to 579, I think Sun Pharma NSE:SUNPHARMA may have entered into correction mode, looking at the large Bearish candle and Evening Star pattern that it formed today.
Good opportunity to short ...
In weekly, price is consolidating above strong support zone, also it is trying to retest the support zone,
in daily hidden bullish divergence is seen https://in.tradingview.com/x/Dz33zRxp/
it looks bullish in longer time frame, https://in.tradingview.com/x/zyCbdz7h/, so we can see 1400 level here,
with an initial sl - 870, one can ride the uptrend here,
In Cipla chart we clearly had new high formation breaking previous resistance & we had a slight pullback to a support zone. Till 555's zone Cipla the pullback zone can be extended but we never know what Markets gonna do, So planning your risk:reward is vital here. As per your trade plan, check what is your risk depending upon that take entry. One of those ...
Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above :
i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine.
ii) If you don't trade simple patterns, then you can consider this as simple ...
After a day full of technical glitches, I hope we resume normal trading from today. There can be several theories for the glitch & we can make many post out of it but for time being lets look at result oriented task.
When scrips, which showed volatility are ok to trade again ? This was the most frequent question I got yesterday.
Intra Guys, never worry. Nothing ...
Stock seems to have potential for pullback. Levels are on chart, manage the trade as you like.
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