Short!!!!
Can you guess the Divergence in ACC ? NSE:ACC
Today, 14-07-2021, it has formed a BearishDivergence.
So far ACC has maintained good support from 2014.7 and changed the trend from the sideways to uptrend.
Now it is trading above the trendline and taking support on it. Trader can only buy above 2090 levels with target of 2115 & 2158 .
But there will surely come a correction to check support from 2065-2070.
Due to Bearing Divergence formed today, Selling opportunity will come below 2066 levels.
Green lines are Fib levels for the target if you short/sell it below 2066. But a strong closing and with stock trading below 2066 for few minutes is needed to be in a safe short side trade. Be quick in taking out profit on Intraday.
All the best.
If any doubts/suggestions, do comment below.
Infy: Triple top formation observed in hourly chartInfy
CMP 1555
- The set up has a target of 1496-1508 levels on the down side below which there could be further extension fall towards 1453-1465
- on the upside I would be cautious if Infy trades above 1578
- note I do have my bias in Infy
so do your due diligence
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
SFP Just happened, Next short idea.I am in this Swing faillure pattern trade right now i have seen 2 steps of confirmation. the 3rd one is change of market structure and the SFP is completely confirmed.
my next trade idea is to short the weekly level that is very strong. in confluence with the Vwap + VAL Of fixed range ( Not marked out). i will enter into a short when i see the proper reaction when we hit the level.
Any questions? , i will happily awnser them in the comment section.
MGL looks promising to sell below 1182NSE:MGL
Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
Hindalco Ind. could be a good short term investment opportunity!Hindalco Ind. has consistently been honoring its resistance level and the support level.
Higher highs and higher lows showed since 25th February 2021 indicates the uptrend for the stock.
Bullish Engulfing candlestick pattern formed at the resistance level with the increasing RSI and recently occurred MACD crossover could be interpreted as the indicators for a long call with a Stop Loss at 344 which is a Fibonacci Retracement level (0.236).
Considering the above technical Indicators Hindalco Ind. seems like a good buying opportunity for a short term investment horizon i.e. 1 week to 1 month.
colpal colgate palm BEARISHCatching the pattern before it is formed is of key importance if you trade on technical analysis!
Descending triangle and head and shoulder in 15 min time frame
plus
inverted head and shoulder in longer time frame
these gives multiple confirmation for the short signal on colpal