Dear Traders, Descending Triangle formation on 15mins chart in Axis Bank. Most probably to break the bottom of triangle and 50 EMA staying above the price. It seems bearish. Sell below 494 Target 488 Points Gain - 6
SUN TV has reached its consolidation level, now its time for reversal. Historical Moving Average breakdown supports our view. SHORT @ CURRENT LEVEL TARGET 1 @ 480 TARGET 2 @ 450 TARGET 3 @ 425 SL @ 565
BANK NIFTY has consolidated @ 19500-20000 Range. With downward support @ 19000. Upward Resistance @ 20000. 50 Day Moving Average Indicating Trend Reversal. SHORT POSITION @ CURRENT LEVEL TARGET @ 18500 SL @ 20200
in.tradingview.com Short @ below 785 Target 1 - 765 Target 2 - 735 Fundamental - Q2 Result not seen good. So, the stock will fall further..
Stock so far is respecting the Pitchfork so a short is possible at current level with SL of 273 and target 240.
Prefer a stop loss @510. Going above 510 may take it towards 630 levels. CMP 484.45 Target 1 441 Target 2 354 Stop loss 511
Stock is showing nice frequencies around PF. Short is possible at current price on sliding handle with stop loss of 419 and target of 394.
Cipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.
The stock was in good uptrend but formed a bearish Flag and gave breakout today with volume. My personal experience with bearish flag is not so good but still I would trade it. Let's see how it performs.
Price action is very important in predicting the future move, don't rush into the trade Last time when I posted the DLF idea it went south. SL hit. For this time the analysis seems nice as wave-c remains to get unfold. Good risk to reward ratio regards
Neatly formed Wolfe Wave may drag the price to 240 level so worth trading it with the stop loss of 275. Entry level one can decide himself either tomorrow opening for wait for little pull back.
Beautiful Pole has been formed and a flag is in making. If it gives breakout and closes out of Flag boundaries only then the trade should be initiated but one can put the stock in watch list and prepare for the trade. Clearly on the last day of the pole the volume was the highest and so should be on the day of breakout for a good Flag pattern formation. Good Luck
Beautiful Wolfe Wave triggers a short now offering a good risk to reward trade.
Short. Crossed resitanbce of several yaers. Time for some correction. CMP - 241; SL -245 T1 - 232 T2- 220
BHEL gap-up and make high of 143.65 one can take a short intraday. SL 142.80 Target 140.50
The stock is showing good frequency at the MLs so one can short at current level. The trade offers a good Risk to reward ratio even for the first target.
AbirlaNuvo is potentially breaking down and would go lower for target of around 1250.
NCC has made beautiful Head and shoulder pattern and touching from below. it is at the 78.6 fib level from the current swing. Entry at this level with small Stop Loss and target around 80 is giving risk to reward ratio. Good Luck