Sellsetup
PVR shortPvr gave bearish signal on daily and now facing strong resistance on hr ly too. we can look for the short setup with stop loss of above on resistance and take profit on next support.
DLF: At crucial resistanceDLF
CMP 164.50
Last time when stock was at 181 we suggested to sell above 182 for target of 139
After recommendation, the stock made a high of 182.90 and low of 136.70
Currently the setup suggests 170-172 may act as resistance and inability to sustain at current levels will take DLF down again towards 144 and possibly even a new low towards 120
Take care & safe trading...!!!
Wipro - 60Min - More Selling Opportunity in WiproWipro has been in a downward spiral for the last couple of weeks. The stock has formed a pennant formation on the 60min chart with the price approaching the 3rd touch of the pattern which indicates pattern completion. Sellers should observe the zone marked on the chart and look to initiate short positions if we see any pinbar or engulfing candle in this area. Traders should enter only after the close of the reversal candle.
Selling zone - 255 - 257.50
Stoploss - 258.20
Target 1 - 249.65
Target 2 - 245.35
Target 3 - 241.95
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
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Making a falling triangular pattern, breaking the lower trendline will have more selling pressure.
SHORT BREAK N SELL | SIMPLICITY IS THE BEST POLICYINDIABULL HOUSING = A PERFECT STUDY WITH VERY MINIMUM DRAWING, HIGH PROBABILITY TO SELL ONCE BREAK MENTIONED LINE.