SELL TATAPOWER AT TOPTata Power got rejection and formed a resistance zone @ 330 - 340. Until it sustains above 350, the stock will remain weak and we are looking forward to see downward targets.
Take sell trade between 340 - 330 with the SL of 365, Targets for downside will be 285 and 260.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Sellonrally
BANKNIFTY possible Elliott wave counts (now up then down)Hello Friends,
Hope you are doing well,
Today we are sharing banknifty possible Elliott wave counts along with invalidation levels and along with alternate wave counts, which can be overall road map for next moves expected further, in both current and alternate counts banknifty is looking good short candidate but only after some rally it means it looks like sell on rise along with strict stoploss of invalidation levels only, so it may go up side first then good move towards south is expected.
Our studies are only for educational purposes and not for trading purposes so we are not responsible for any kind of profits or losses in trading or in investing in market, so always please consult your financial advisor before trading or investing, do read disclaimer.
Thanks
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
ZEEL SHORT The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies.
The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry.
SL near previous swing high.
Target @ previous swing low.