Reasons to go Short on Nifty: - Rising Channel/ Rising Wedge/ Ending Diagonal Pattern (call it whatever) has formed on Nifty 4Hr Chart - Triple RSI Bearish Divergence + MACD Divergence - Today we saw a Steep Sell off (Wide Range Bear Candles) - Market breadth has shifted in favour of declines to 1:2; it was at 6:1 during the opening today - On Nifty's Daily...
ICICI Bank is forming a parallel channel and could give a breakout below. Targets and execution levels are mentioned. There is also a kind RSI Divergence forming.
I think that the month of NOVEMBER was very strong. A possible correction to it's 50% looks probable. I think the price will drop to 0.45$ but I'll be conservative and place my re-entery at 0.50$. And I'll leave some money on the table, incase it goes lower I'll dollar average cost. Remember I sold some XRP up at 0.66$. So, I'm looking to get back in. I didn't...
short banknifty 29600 pe with 20 rs sl . target 1 :2 trade plan . as 29600 is round level . current is in consolidation now it may go to sideways to uptrend .
Forming a symmetrical triangle, can go either sides. Levels and execution points are mentioned.
CMP 1406. One can go for PE and wait till it reaches 1342. If it breaks 1342 then we may even see 1240. Duration for target 1 - 1 week Duration for target 2 - 2 weeks SL - 1460
In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty...
A Big Fall Can come below 2500 level of 100 to 150 points
COFORGE shown breakout of the parallel channel in the last trading session. Also, its indicating breakdown of the lower band of Bollinger bands. Overall strong downside possible after this pattern. Possible Trade: Sell COFORGE Below 2399 Stop-loss 2445 Target 2334 2287 2210-
Currently in a descending triangle pattern . It has taken support at 178. Can breach this level and fall further . Only for educational purpose . Not a SEBI registered advisor
short in Adani ports after breaking trending and you can also see divergence over there. You can go short in Adani ports.
Everything is mentioned in the chart.
BANKNIFTY | Almost near the resistance but losing momentum Triple Top & RSI negative divergence, looks good for correction. CMP : 29600