1) Nifty SmallCap Index is under strong selling pressure.
2) Index may fall further 3.25% in the upcoming days.
3) 14900 will act as a good support area.
4) Time to cut positions from SmallCap stocks and move to cash.
5) If the Index breaks 14900 again, This will lead to another 4% fall.
Reliance Faces Heavy Resistance Near ~ 210 Day EMAs. Delivery Based Selling Appears On Daily Chart. Sell Reliance ~ 2320, With Stop ~ 2373, Target ~ 2060, 2080. Expected Target March Expiry.
Bajaj Finserv is forming a negative pattern, breakdown from this level will bring stock to fresh lows.
Rest all levels explained on the charts.
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DISCLAIMER:
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Looking at the chart, it looks like RBL Bank done with the Rally and broken the Channel Support, also retested the same due to profit booking (Maybe). But as per my analysis I am going to short with hedge to Get More from the down move with limited risk to the upside.
Entry will be interesting for me with proper exit plan. Do your analysis with the little help of...
DESCRIPTION:
The price of the counter USDCAD is retaining below the resistance trend line. The trend line has been tested thrice at prices of 1.2634, 1.2630, and 1.2621. The price is still under the resistance trend line and there is no indication for a breakout. Today the price started moving downwards and the selling pressure of the market may pull the price...
Market scenario is positive, everyone will buy now but smart money booked their profit. So in order to be successful trader you must need to think and act like a professional trader.
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-MOHIT RAJANI
Asian Paints could witness selling pressure in the short term. Presented below is analysis of the stock in multiple time frames.
Pitchfork analysis show that the price has tested the median line in the upward channel in a weekly time frame. A break below that could take the price to lower levels- possibly to 1620-1530 in the short term.
It has been observed that the price action facing strong resistance between 162-165 zone, indicating further weakness till the price action reaches to near support zone.
T1- 152
T2- 146
SL- 162
Nifty was shown to be heading into resistance, as expected the Tools have managed to curb the bullish enthusiasm.Now with volatility being introduced last week we will have to accomodate some more pain for the next few days.Macro numbers have started emerging and the rest shall be dished out in the next two days.Can the trend hold on or cave in? Supports around...
