As the INDIAN IT showed some bearishness in the last two trading days so as per that and as per BRITISH inflation data most of the IT sector also we can see through the US data countries are starting to go into a recession. Thus IT sector is crashing so this share which is having most of the business in EUROPEAN countries also it is showing exhaustion after...
Lupin looks very weak on the daily charts. Trade setup according to the 3 parameter strategy Short - 632 Enter the trade near the close Stoploss - 664 for the aggressive traders Target 1 - 613 Target 2 - 557
As you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
Market never break its all time high in one go it will definitely face rejection from that reason which give us conviction to sell just after rejection candle.
BUY SIDE As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500. Thus we can go for long in Bank Nifty upto next high level or for a double top pattern..... SELL SIDE As BANK NIFTY rejects from its previous high and continously going toward its...
After breaking down the symmetrical triangle pattern and level of 300 we can expect a good fall in biocon… here are some important levels…
Colgate is trading at a crucial level. Levels are mentioned on the charts. Sustaining below 1685 may take the stock to the levels of 1625-1600. Or sustaining above 1685 levels, will give a breakout for the target of 1740. Only for learning and sharing purposes, not a piece of trading advice. Always calculate your risk before entering a trade, rather than...
@Nifty Since the Price is falling I will be looking to short the index Price probably took some support 17880 Since Price has fallen 230 points from day high ,expecting a small retracement or pull back in intraday. So many supply areas has been created but 18000 being a psychological level ,I'm going with that one. With small SL of 40 points we can short nifty...
Price is coming to its supply area. Expecting to see some red candles here. ENTER 40822 with SL levels of 40922. Target will be in execution. Buy 15 sep 40800 PE @ 273 - 275 SL :230-233. 1000 rs risk per lot Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with...
SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing. SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes. Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular...
-Daily- rsi divergence -support zone will act as resistance zone at the daily time frame -two probablities 1) 1HR- resistance broke and will now act as support 2) 1HR- resistance broke and its turned out to be fakeout
BUY : 448 TO 500 TARGET 857 TO 1041 Reason For Selling This Script : In this script it has formed the side ways pattern for longer time frame. Now price came to support of the side ways. And it also forming the triangle pattern in monthly time frame. Now the price has formed the support in bottom of the box. So we can go for buy as above levels. Once the price...
CADJPY small resistance can scalp 10 to 20 pips In my point of view
When the price comes back to supply area (17724) good for a short trade with an SL of 17774 Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss.
ITC broke the trend line with high volumes. *It has been in uptrend without a proper correction for uite a long time. For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332. If the trade goes in our way Targets will be *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by...
Setup Contains: 1. Stop Hunt (Buy Side Liquidity) 2. Tested HTF Orderblock 3. Structural Break (Bearish) 4. Expecting Return to Orderblock 5. Targeting Discount POI FOLLOW PAFX & TRADE LIKE BANKS 💸
Very possible trend change in this stock, lets see if price reverses or not *for educational purpose , Trade at your own risk !!
NSE:OFSS is nearing triangle breakout Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180 Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : 4200, giving around 32% returns from current price of 3147.70....