A very strong resistance had been hit now and price channel is also been respected many times. so it is my personal view that the price will go down. Any ideas are welcome to share.
I just noticed SELL SIGNAL in INDIABULLS HOUSING in longer time frame and based on that drawn a trend line and it seems to me low momentum.
sell till the target is achieved
ACC was trading in downward direction for the last three session and now it has given closing below the support area of 1442. It's a perfect short for 17.02.2020 if its trade below 1442.
BANKNIFTY SHORT FOR THIS WEEK TOMORROW AROUND 30900 LEVEL WITH SL OF 31050 AND TARGET OF 30200
Nifty CMP 11982 Last time we had recommended selling between 12380-12480 and Nifty made a high exactly in between the said range. As of now Nifty is following exactly the same path what we had shown in our previous post... Now We are very close to the resistance level which is around 12030-12060. If we see the levels of 12030-12060 acting as supply...
With lots of positive news & daily new turbulence in the Stock Market. The Benchmark Index i.e. Nifty & Sensex both are at the highs. But does this high leads to a new high or it's a hoax. As Considering News Factors -- Markets will be making new high. But on the look of Fundamental patterns -- Higher Inflation, Under-quoting of NPAs by Banks, Fraudulent Activity...
Looks like banking sectors are go take a ride down. Good head n shoulders formed after a one way bull run from October - November 2019. **WATCH OUT FOR BUDGET** Budget will play a key role in this trade.
INVERTED HAMMER ON HOURLY CHART AND BREAK OF TREND LINE. LEVEL MENTION ON CHARTS