FINNIFTY Short TriggeredFINNIFTY Short Triggered
FINNIFTY broke its major 1H Trendline and now following Short Momentum
Targets 20233 - 19822
Sellingpressure
Nifty SmallCap under selling pressure1) 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 Ready To Make New 52 Week Low!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 ready for breakdownBajaj Finserv is forming a negative pattern, breakdown from this level will bring stock to fresh lows.
Rest all levels explained on the charts.
#Disclaimer:-View shared is for educational purposes only. Kindly study on your own before making any trading or investment decisions.
NIFTY... A RED CANDLE EXPIRY???Nifty should seek support around 17500 to 17550 levels. A fall below 17500 can initiate selling pressure in nifty.
Sectors to watch- PHARMA & AUTO...
HCL TECHNOLOGIES.... TO GO LONG OR SHORT?We can see the script getting rejected at the level of major resistance on multiple occasions.
The recent long green candle at this resistance level was considered a good breakout by most traders.
Points in favor of a pullback,
The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating huge selling pressure.
This is also confirmed by the higher volumes in the red candle than the breakout candle.
There is also a bullish divergence in the RSI pattern.
Points favor of a breakout,
The red candle is still above the line of major resistance.
The script after getting rejected from the resistance level a few days back didn't fall back to its support zone (around 900) but is trying to break the resistance again. Multiple hit at the resistance line is likely to weaken it eventually breaking the resistance soon.
So, now breakout or breakdown?
We should wait for one more day and the next candle will decide the course of action. A long green candle can suggest a long trade and a Doji or hammer or long red candle suggest selling and rejection in the script.
Happy trading!
RBL BANK _ Broken and Retested the IMP Channel (15 Min)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 mine.
Positional Trade:
Entry : Below 214
Stoploss: 223
Target: 194 (Maybe more with Trailing SL).
"Like" if you like.
This is my personal view for trades sharing just for learning purpose.
USDCAD - SHORTDESCRIPTION:
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 even more downwards. The bearish trend of the counter is expected to continue further. The stochastic indicator curves are at level 80 which gives additional support to the description.
The major levels for the counter are:
R2 - 1.2715
R1 - 1.2661
PP - 1.2570
S1 - 1.2570
S2 - 1.2425
This is really a great learning from TCSMarket 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.
If you liked the concept hit a like and comment your views are appreciable and don't forget to share with your friends and colleagues.
-MOHIT RAJANI
ASIAN PAINT- MULTI TIME FRAME ANALYSISAsian 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.
M&M is planning for another down wedge?Sell JAN FUT at current level (542)
Stop Loss at 1% (547)
Book Profit at 530 to 520.
Thanks ! Make profit and let me know in the comments...
Infibeam - Consolidating Weakness aheadIt 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
NIFY (W)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 10200 should be tracked now as we can expect some demand emerging at those levels.Till then it's a stock specific scenario.
