Lower high & lower low formation in TCS with break of Swing Low Sell: TCS @ 2255.10, SL: 2284.6 Target: 2225.6, 2196
Bata India testing resistance on the daily chart Bearish Engulfing has formed and there is also a dynamic resistance of 100 DMA. Short term down trend.
Bearish engulfing pattern after a strong rally. This can be good intraday shorting opportunity below 1300
Nifty is trading in ending diagonal pattern if nifty fall below the level of D of ending diagonal then we can expect a large down fall We can put stop loss above the level of E of ending diagonal
Nifty CMP 11417 Nifty has given a bounce back - on charts it has come near resistance line Given the set up consider selling Nifty 27 Aug expiry 11500 Call option in the range of 50- 64 CMP 51 The strategy covers risk for a rise in price up to 11550-11564 Take care & safe trading...!!! Discliamer : - The view expressed here is my personal view - Use this...
At long term resistance on daily chart + bearish engulfing. Going down!
Vedanta at the resistance zone on daily chart and bearish engulfing reflecting near term downside.
Gap filling can happen if pharma sector is negative.
Positional Sell on break below 3350 levels with strong candle Target: 3150, SL : 3465 Forming Lower Highs & Lower Lows on charts
Expecting minimum 6% return from current level.
After breakout looking bullish from current levels and expecting big move from here but wait for minor pull back first.
ITC is holding up quite firm. Stock was in uptrend all the way till August. However rally has been seeing exhaustion and stock is consolidating in a narrow range between 50 and 200 EMA. Consolidation usually leads to big moves. Directions though are not specified. 50 EMA is strong support whereas 200 EMA is strong resistance. Stock is respecting the trend...
Seems to be completion of H & S pattern. Might be a good short opportunity !!
Still, Not given a break but i personally am on bearish side, Reasons? 1. A strong triangle pattern 2. A Huge Gap 3. It has been on all time high Record This is my personal view and lets hope for the best!!