Tata 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.
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Nifty has formed a bearish candle yesterday i.e. 20th December and RSI also giving a bearish signal. Risk reward looks good in sell trade and Sell trade can be initiated around 21500 levels.
Positional Sell: 21500
SL: 22128 (628 Points)
Targets: 20535 (965 Points), 20212 (1288 Points), 19885 (1615 Points)
To motivate us, Please like the idea If you agree with...
AxisBank has formed the bearish pattern at ATH and if breaks 1108 on the downside, we expect to see 1045 and 1000 in upcoming trading sessions.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
The XAU/USD pair is facing downward pressure due to the modest strength of the US Dollar. Federal Reserve Chair Jerome Powell has indicated that two rate increases may occur this year, including the possibility of one at the upcoming policy meeting. Powell also stated that inflation is unlikely to reach the Fed's 2% target until 2025. These factors have...
Gold prices remained subdued on Wednesday as the U.S. dollar gained strength following hawkish remarks made by Jerome Powell at a central banking forum hosted by the ECB. By late afternoon, the XAU/USD was down by approximately 0.15% to $1,910, approaching its lowest level since March 15 and heading towards a monthly decline of over 2.5%.
During a panel...
According to candlestick chart Bollinger band or macd indicators price prediction or Possibility.
Candlestick chart showing selling pressure.
Price crossing down Bollinger band middle line.
Macd crossing near 0 line.
Possibilities (down trend) short
its and fast moving stock so can short 1500 call currently at 44 or else tomorrow if it opens flat we can sell the stock
in stock my tgt will be around 1400 and we can exit that shorted called around that price as well
