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.
Sellsetup
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
NIFTY: buy above sell below levels for this week (OCT last week)NIFTY: buy above sell below levels for this week (OCT last week)
: BuyAbove already triggered, and expecting to reach 11940 and then 12035
BuyAbove: 11851
Target1: 11940
Target2: 12035
SellBelow: 11792
Target1: 11734
Target2: 11688
BANKNIFTY buy above sell below levels for OCT expiryBANKNIFTY: buy above sell below levels for OCT expiry
BuyAbove: 29536
Target1: 29701
Target2: 29911
SellBelow: 28883
Target1: 28634
Target2: 28384
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.
APOLLOHOSP, Tail with value area.Wait for TAIL & excess at a value high to short this stock.
Your target 1430 and above i t, expected excess with tail 1455 nearby for short seller eye.
For observing minutely, you will find every time tail when U-Turn. Important is tail for trade on this stock.
