Nasdaq Composite INDEXNASDAQ: .IXIC Looking Bearish on 02-12-2020 Go For Short-Selling.
STOCK WILL SOON GIVE A LIFE TIME HIGH BO SUGGESTING IMMENSE STRENGTH, ENTERING AN OPEN TERRITORY WHICH CAN BRING THE STOCK TO 1000 LEVELS WHICH IS COINCIDENTALLY ALSO DARVAS BOX TGT AT 997
This is a momentum based strategy which generates signals when the price moves with momentum in either direction. This strategy works well on liquid stocks. Its not necessary to close the trade as soon as the close signal is generated and one can wait for the price to move in the direction as indicated by the prior signal unless price starts to go in the opposite...
THERE IS A CLEAR BREAKDOWN OF UPWARD SLOPING TREND LINE ON 15MIN CHARTS AND PRICE FIND RETRACTION FROM WEEKLY SUPPLY ZONE.. I SEE IT FALLING TO THE MENTION LEVELS, FOR TRADING LEVELS ARE MENTION ON CHARTS ..
Head and Shoulders pattern is forming in Axis Bank 1 Hour Chart, Expected Target is 540. Wait for Breakout and you can keep Stop Loss above Right Shoulder or above Head as per your Risk taking strategy.
Good pattern formation in Head and shoulder wait for a pullback or we can say correction to the price 608-610 and then sell at that price.
Still sell trend continuation usdcad aim - 26000
The stock might fill it long time gap in upcoming sessions.
Sell below 113 supply zone 123 to 130(recent LH and also fibonaci retracement 78.6%,61.8%)