The prices are moving in a parallel channel since 01.02.17. Second last bar seems to be an pseudo Upthrust bar with good volume as last bar was a bearish engulfing and that too at significant 61.8 Fib level. One can short the stock taking the high of this bar as stop loss(closing basis) and look for the lower boundary of channel as first target which is quite...
RIL looks weak. If it sustains 1320-30 levels then further upside. If it breaks below 1310 will take support at 1250. Short RIL below 1310 Target 1: 1280 Target 2: 1250 Stoploss: 1325 R/R: 1:4 Regards
It has been observed that JINDALSTEL is double top break down, indicators are negative watch near retest, it can reach the target of 100 stop loss 119
Gujarat Fluorochem may start fall from this region.. Reason 1: It is showing negative divergance in daily charts which indicates for being cautious.. Reason 2 : In weekly charts it is Highly overbought (RSI 80) which confirms it may go downwards... Its Targets are : Target 1 : 770 Target 2 : 760 Target 3 : 750 SL : 788 Note: Do your own study...
Diamond formation on Nifty and expendable triangle formation. 9130 to 9120 having good support zone. So Nifty may touch the support zone. Short initiate when the price cross below 9275 an cover the short at 9130.
Short nifty below previous close
The chart indicates completion of a cycle and next will begin the downward cycle for levels upto 1200
The RSI is placed at 37. It is bounced back from 31 levels and showing some strength.The 200 DMA is Acting as Resistant. Stock has Tried to Break the 200 DMA Resistance few days back and Failed to Break it. It is going to Test the 200 DMA as the RSI is indicating a Support at 37 which is bounced back from 31 levels. So one Can Initiate LONG on IDEA at CMP for a...
Are we looking at 20% correction on #TVSMotors
Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term. Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line. Path 2 - if nifty failed to break the trend line, leads to...
Actually I tried drawing ABCD over there but it looked to weird & on smaller timeframe I guess there is an ABCD pattern which justifies this up move in Justdial. I don't know why I see ABCD's only Lol ! I will search for other patterns or methods.... Either you can wait for Fib touch if you are fib user or bsaed on resistance n bearish confirmation you can take...
Infosys is looking weak. Will move to 900 levels before bouncing a bit and then further downside. Avoid longs until it looks good. Target: 900 (32 points) Stoploss: 943 (11 points) R/R: 1:3 Regards
Stop loss at 151 levels with take profit at 122.5 levels from here on
Daily charts with MACD shows regular bearish divergence. Corrections around the corner?
Intraday Short trade is possible at this level by providing a Stop loss of high of today. The Index has formed the double top pattern indicating that uptrend is reversing at least for for short term. Now it is retesting the down sloping trend line One can take chance by shorting the index by providing small Stop Loss.
Avenue Supermart one of the best stock listed this year with great fundamentals .... It is on highly overbought zones on RSI (above 90+) on hourly charts... with a negative divergance.. may this stock slip 30-50 points in this weak..... and that would be an opportunity for making long position... Please Like Follow and Comment your views..
Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
The stock has formed a beautiful Roof Pattern it gave false breakout today and came back. One can trade the stock by providing small Stop Loss high of today and look for a target of 140. Risk to reward ratio works out decent.