Sell TATA motors. Sell at 130 Target at 200 MA levels of 124 SL at 135
Bharti airtel will attempt to take a strong support around 414-415 levels. If the resistance is broken, then the down side could be huge and profitable. Sell below 414. Target at 388. Stop loss at 427.
Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries. Sell below 74. Target at 70. Stop loss at 76. NSE:IOC
SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance. Initiate short calls. Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197. NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Inverted Head and Shoulders Pattern with wedge pattern Sell - 11600 Target - 11200 Stoploss - 11700
The stock might fill its gap in upcoming session. These are my personal Views and trade as per your own analysis.
LEVELS MENTION ON CHARTS ... ITS AT HOURLY SUPPLY ZONE ...
Bearish Engulfing Pattern formed. It can retrace upto fibonacci levels - 78.6, 61.8 %
After breaking trend line support area price again retested that breakdown zone so it is good opportunity to short this stock in this rally for some lower target. sell @ 325 with sl above 340 daily closing basis for target around 300.
The stock has formed H&S pattern and seems bearish for the upcoming sessions. These are my personal views, follow your own analysis while trading.
Market has downtrend trend breaking the small uptrend , A Clear retest has been seen through a small uptrend line . Wish U A Happy and Successful Trade.....
Sell Nifty for target of 10885, & 10570, SL- 11200 Hourly close below support.