1.Started with a Daily Time Frame, the zone is multi level support zone which has been tested for more than 5 times.
2.Next we came to 4H time frame and saw the stock is in a down trend and hence looking only for a sell trade.
3.Later we came to Hourly , 30Min chart which gave us the important key levels for support and retests.
4.On 15 Min chart we saw the...
SHORT RELIANCE... INTRADAY TARGET 2015, SWING TARGET 1980. SL FOR BOTH IS 2101, WHICH I THINK IS VERY SMALL ACCORDING TO RISK REWARD RATIO... ITS A BUY AFTER 2101! .01% CHANCES FOR 2100. HAPPY TRADING!!!
as per the Chart, 2871 could work as a double top,
after Gap Up price sustain above 2871- GO long- targets- 2921, 2989
gap Down below 2871- target- 2831, 2757.
also watch out 8 ema and Recent High of the chart on 1 day time frame.
sharing this cuz i beleive in my Analysis and it works. Please do your own research before making a move.
Nifty loses ground for the fourth successive trading session. The short term down trend is now extending itself further with every intra-day bounce back getting sold into. We have a confluence of supports at the (13,700-13,900) zone. Yes, it is a wide 200-points range, but considering the nature of momentum with which the index is selling off, we need a wider...
INDUSIND BANK :: Short
INDUSIND BANK is looking bearish on chart and this trade is looking very attractive with good RRR
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>>Do your own analysis or consult your financial advisor before taking any trade.
>>I may or may not initiate this trade.
>>Strictly for educational purpose only..
Support line post-Mar 2020 are Resistance line pre-Mar 2020 are clearly coinciding at 13200 levels. Also, if you see Fibonacci retracement level also falls around 13000 levels. A 3-day continuous fall clearly reflects a weakness in the market with all global markets bleeding red.
Finally #bears will be able to take control of the market. #Nifty50 #fall...