BankNifty is moving with a down trend & has taken support at 21030 levels Sell BankNifty below 21027 for Targets of 20550 & 19850, SL- 21620.
TCS can be sold on closed below 2240 levels. TCS has broken upward trend line and trading below 20SMA in 30 min charts. It has also formed lower high pattern which indicates continuation of down trend. Conservative traders can wait for Sell confirmation below 2215 levels
Sell below - 178 (Only if candle close below 178)
RIL after over bought know time to fall and there is a gap up opening so planning to sell
1. Head and shoulder spotted 2. Wait for a breakout- BUY 3. Wait for a rejection - SELL Learn and trade! Else, it is not worth it!
Reliance has given a good downwards momentum we also expect to continue this downtrend on 30/july as well on a good downwards push if drops below support 2080 Or else might see an upside momentum towards resistance
This view is not valid above 370. Kindly consult your advisor before taking any positions. Thanks & Have Good Day.
Strong downtrend If fall below support 330
We can clearly see a triangle pattern break down, and also pharma sector is somehow a little bearish in my view. If market sentiment is negative, this can come further down.
This stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
As we can see, this stock has taken support at the same trend line for about 7 times. Given today's candle and negative price action, this can break towards downside and we could see a rapid downfall.