PEL - SHORT SETUPPel broke down its support and has formed bullish engulfing while retesting. This can be a good shorting opportunity for pullback traders
Sellsetup
RBL BANK POSITIONALRBL BANK
sell
below 170
Sl 177
target 160 ,147 , 128
THIS IS MY VIEW NOT TRADE RECOMMENDATION.
BIOCON - SHORT SETUPA shooting star is formed with heavy volume. This could be a good shorting opportunity below 418.
Conditional Sell - Nifty on 30min candle closing below 11482Sell Nifty on 30min candle close below 11482
Target - 11413, Sl - 11553
(no trade if Nifty trades above 11537.85 before candle close below 11482)
Sell TCS @ 2255.10 for Target of 2225 & 2196Lower high & lower low formation in TCS with break of Swing Low
Sell: TCS @ 2255.10, SL: 2284.6
Target: 2225.6, 2196
Bajaj Finance - Ready for downward journey !!!Positional Sell on break below 3350 levels with strong candle
Target: 3150, SL : 3465
Forming Lower Highs & Lower Lows on charts
Triangle Pattern BreakdownWe 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.
GODREJCP - SHORT SETUPThis stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
MCDOWELL - SHORT SETUPAs 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.
CESC - SHORT SETUPIf the low of big candle is broken, we can go short.
Trend line breakdown. A big candle formed by a big player. Then a pause candle (inside candle), hence when big candle's low is broken, the momentum may be faster since the buyer's SL will be hit creating immense selling pressure.
BANKINDIAAs the chart depicts, there is a potential gap left to be filled by market, which creates a great shorting opportunity, if banknifty is negative.
SWING TRADE- GBP/USD- SELL FROM 1.25500-1.25700 REGIONCONTINUATION GU - FROM 1.25500-1.25700 REGION
LOOKING TO GO SHORT GU FROM OUR BLUE ZONE WE HAVE CONFLUENCES THAT AT THE 1.25500-1.25700 REGION WE COULD SEE SOME SORT OF SELL OFF IN THIS REGION WE HAVE 61%FIB ALSO A TREND LINE AND TWO PRICE GAPS THAT HAVE TO GET FILLED UP IN THIS AREA
ALSO WE HAVE ELLIOT WAVE WHICH LINES UP PERFECTLY WITH THE 4 WAVE I THINK THIS IS JUST A PULL BACK BEFORE WE SEE PRICE DROP TO AROUND 1.22500 THIS IS WHERE OUR FIRST TAKE PROFIT IS OUR SECOND TAKE PROFIT IS 1.21700 THIS GIVES US AROUND 320-400 PIP TARGET DEPENDING ON ENTRY
SELL LIMIT 1 SELL LIMIT 2
ENTRY; 1.25550 ENTRY;1.25700
TP;1.22500 TP;1.21700
SL;1.25750 SL;1.25850
R:R; 1:15 R:R; 1:26
REASONS FOR GU SELL
61% FIB
DOWNWARD TREND LINE
LIQUITITY TRAPPED IN 1.25500-1.25700
R2(INTRADAY)(15)
4TH ELLIOT WAVE - MEANING NEEDS TO AST LEAST GO BACK TO PREVIOUS LOW
I WILL LOOK AT PRICE ACTION BEFORE ENTERING THIS TRADE LOOK FOR BEARISH REVERSAL ON LOWER TIMEFRAME IN THE AREA OF 1.25500-1.25700
IF YOU SEE BULLISH MOMENTUM PAST 1.25800 DO NOT ENTER
TRADE AT YOUR OWN RISK
INTRADAY | Failed Breakout? lets wait for TomorrowIf it Breaks the support line, a sell up momentum can be seen..
Sell below 457
Target 1 - 452
Target 2 - 443
Target 3 - 432
*Use Tight SL according to your risk
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
Bajaj Finance Sell at Current level Bajaj Finance near 52 Week Low at 1938.. sell for 52 week low target of 1915 and Psychological level of 1900 if the trend continues it can go 5% down from here the level would be 1850..
BEARISH.BIOCON formed DOUBLE TOP in weekly chart.SHORT from hereBIOCON has just formed a DOUBLE TOP and look out for reversal from this level.
Sell if Tail in steps this bullish stock if you have lion heart.DRREDDYS openned with Gap up and broke n line(b ). Selling above line(a) is not bad idea.
ATR 182
CMP 3386 with high
--> 3386 + 182 = 3568 R
Suppose to create tail, then resistance 3455.
Steps to sell=:
@3434-3466
next @3568
NIFTY AUTO KNOCKING THE WRONG DOOR. Looking weakYes its a breakdown but a weak one wait for one more day for a follow through candle.
Escorts, maruti will lead the downslide
ESCORTS- Trying to catct bird earlylooking weak . testing of 775 levels very much possible. and if breakdown occurs 700 very much possible.
830 is the level to go short.stop above 857 should hold
LIC HOUSING FINANCE FOR 20-2-20LIC HAS INSIDE BAR FORMATION CAN GIVE MOVE 1 DIRECTION... BUY ABOVE PRV DAY HIGH SELL BELOW PRV DAY LOW. TGT 1-2% SL OPPOSITE DIRECTION.
GOOD LUCK.. IF YOU LIKE THIS CHART YOU CAN FOLLOW ME ON YOUTUBE FOR DAILY UPDATES. AND ON TWITTER TOO @IMBHUWI .. YOUTUBE CHANNEL(DUMB TRADER ) YOU WILL LEARN MANY THINGS FROM MY VIDEOS AND PLS DONT FORGET TO LIKE AND SUBSCRIBE
2020-01-21: BIOCON: SELL ONLY AT 299Please consult your financial advisor before taking a position in this.
SELL BIOCON at 299 with Stop-loss of 305 and Target of 286
