Retracement done, now ready to go down till lifetime low.
Bounce of the trend line. Stochastic and Momentum are also indicating sells. Expecting to sell till the next resistance level. Stop Loss of 20 pips.
There will be short term bullish move up to 23259, after that it will go down to 8890.
SUPPLY DIAMOND IN BANK NIFTY 45 MINS CHART
WIPRO MADE INVERTED HAMMER PATTERN ON 30MIN CHART AND TRADING LEVELS MENTION ON CHARTS
a short position can be initiated with a stop of the 9230 for intraday (and 9330 for swing trade). 8900 first target nd will only square the position only if there is a sign of reversal otherwise will wait for 8700.
STRUGGLING TO THE SUPPLY ZONE AND MADE INVERTED HAMMER ON 30 MIN CHART TWICE WHICH CLEARLY SHOWS SUPPLY @HIGHER LEVELS . TRADING LEVELS ARE MENTIONS ON CHART.
Broke the uptrend and came back to re test the Static Resistance level. Momentum and Stochastic indicating a sell. Expecting it to short till the previous 4 Hour Resistance level.
BUY at 1198 Stoploss 1170 for Target 1250 Stoploss 1148 for Target 1277
Keep the eyes open for MACD divergence as previous head and left shoulder signal. Once we have a decent bearish candle on the resistance level of the previous shoulder we go short €€€
Resistance on the upper trenline of the wedge, clear short till the previous daily support zone. Stochastics and Momentum indicators also indicating a sell.
1. Shooting Star formation on Daily Chart 2. 3 Drive Pattern on Hour Chart. 3. Fibonacci Retracement Level Marked to Find the Flow Direction 4. Price Level Marked
1. AB = CD Pattern Completion on daily Chart. 2. Complete Formation AB = CD Pattern to 1.61 Fibonacci Level Point ( Chart Fall Short to Draw Completely) 3. All Price Level are Market for 16/02/20
Trend Break Out Secondly, Crude Fallen Below 20 USD
Clear touch and rebound of the trend line . Bearish confirmation candle sticks are seen. Stochastic and Momentum are both both indicating a sell. Stop loss of only 20 pips. CLEAR SHORT TILL NEXT RESISTANCE LEVEL .
Sterlite Technologies is looking good for short term. The stock has not fallen after March 13. It is also showing momentum for last 4 trading sessions. Risk reward is not attractive. Still this trade can be entered in the range of 73 - 80.
Control line C1 will react as Resistance 9321 nearby and price can push toward the C2 . After the crossing above C1 , I will post a new update. Ref.
Third touch on the trend line and static resistance is seen due to the consolidation. The Stochastic and Momentum Indicators are also indicating sells.