Long wicks Signs of rejection at lower levels Looking good Double bottom breakout might be possible Buy above 11560 if sustained more than 1hr TF Target 1 - 11650 Target 2 - 11750 Stop Loss - 11450 on Closing Basis
Since nifty has gained all the momentum for now, Pharma as a whole sector is consolidating. Auropharma has made a Head & Shoulders pattern. If it breaks below 850 with volumes, consider for selling. keep target of 770.
See the description above Regards
Voltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart. Its a precarious level with both scenarios of break and rejection equally possible. Volume & Momentum seem to favour a break upwards. Pay attention to NIFTY trends and...
STOCK IS FACING RESISTANCE AT 200DEMA AND MADE INVERTED HAMMER, WITH BEARISH ENGULFING CANDILSTICK PATTERN ON DAILY CHARTS, WHICH SHOWS STOCK WILL FALL IN COMING DAYS ..LEVELS MENTION ON CHARTS.
Hdfc short below 1750 sustaining for 1700/1660 SL 1812....risky its paper trade becoz this candle formation found at bottom n gives good momentum also at 1660 levels gap filling is there.....below 1750 can give good momentum i think.....no trades only paper trade
STOCK IS AT DAILY 200DEMA, FACING RESISTANCE AND ON DAILY CHARTS MAKING A BEARISH ENGULFING CANDLESTICK PATTERN, THOUGH VOLUME ARE NOT THAT MUCH...
Resistance at 1735 1) 4H candle rejecting 1735 2) 1D candle rejecting 1735 3) Can move towards 1650 and even 1550 if it breaks the below trend line
Channel exit resulted into rejections with volumes. Might go back to lower end of channel. Good short position can be created!!
Enter the trade only if one hour candlestick does not close above the green zone
Strong demand zone can touch target 1 -34 Stop loss 26