We are closer to the 50% retrenchment level and there is expected to be significant move.... the risk reward ratio is in favor of bear and we can see a fall towards 9800 level and 9500 levels.
Short Godrejcp on completion of Gartley Pattern on a weekly timeframe Stop loss and Targets should be decided on basis of market voltality and candle formation
On 15 min TF, can see bearish bat formation on CHOLAMANDALAM. If on 27th May 2020 stock reach till 126 - 125 level by 10:00 AM, it can be SHORT on Intraday basis with SL at 129 -130 level and target of 119.
Monthly Chart Data is reflecting strong Reversal sign near 399 and 420. Monthly Extended AB=CD levels are marked near 420 levels. Low Margin Traders can wait for 420 Levels. Margin Traders can short 460+ CE and enjoy the fall.
WIPRO 225-234 Sell zone with stop loss above 235 (day closing)
Bearish gartley identified in daily time frame. it's a very tight range of PRZ. looking for reversal in shorter time frame. let's see how it's play..
tight entry and stop require but target can negotiate!
Wipro PRZ zone 168-169.. View negated below 167.
Perfect ABCD pattern on daily charts. sell below 570 , Target - 550 , stoploss - 590. This is just my view..... trade according to your own risk management.
Nifty may go 9400 to 9525 if sustain above 9164 and then afterwards it may show downtrend upto 8500 to 8600 . Will publish another view on it once it closes above 9600 .To trade in this range stop loss with 8875 on closing basis.
I think Nifty has formed a bullish ABCD Pattern and the bounce from point D has already come on 22nd May, Look for a target of 9586 in the coming days and since we have a truncated week this can come before or on expiry as well.