Besides weakness on charts, there is a news about telecom tariff hike.
The news looks positive for telecom companies on the onset, but more than often, stocks rise in anticipation and fall when the news is out.
Trade with CAUTION, following the stoploss.
Low risk traders may trade using options i.e. shorting OTM calls or creating diagonal spreads strategy. ...
Hello everyone. Do check Last week's trade report on Banknifty posted on my profile.
For levels on FNO symbols, check my personally designed interface.
All levels are of cash symbols, but you can trade relatively on futures as well.
Dont be Bull, Dont be a Bear...Just be a Hare!
Key Levels for RELIANCE are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can...
Key Levels for NIFTY50 are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also...
Short if sustains below 1423.
If goes upside instead of downside, wait for it to sustain over 1430.
If sustains under 1423, will expect till 1410.
If goes upside, 1440-1441 will be next hurdle.
Note: Please note down the levels and trade on 3 or 5 mins timeframe. The results are substantially better.
My analysis results in formation of zones on chart which can be used to get proper entry at the begin of any intraday trend which usually is reversal in the direction of the symbol.
Any suggestions are most welcome in the comments.
Dont be a Bull, Dont be...
IT IS SHOWING A LITTLE BULLISH DIVERGENCE IF A 15 MINUTE CANDLE CLOSES ABOVE HORIZONTAL LINE AS GIVEN IN CALLOUT TARGET IS GIVEN FOR LONG AND IF LOWER TRENDLINE IS BROKEN 3 TARGETS ARE GIVEN FOR SHORT SIDE
IF LOWER TRENDLINE IS BROKEN ON CLOSING BASIS THREE TARGETS ARE GIVEN WITH HORIZONTAL LINES AND FINAL ONE IS MARKED WITH ARROW PLUS BEARISH DIVERGENCE IS SEEN WITH STOCHASTIC INDICATOR
note:for education only not an ADVICE