MAKING INVERTED HAMMER IN 30 MIN CHARTS, LEVELS MENTIONS ON CHARTS
Hi Friends, As per chart pattern, Buy possible above 31000 with SL 30780 and Target 31085, 31150, 31220, 31295, 31345 & Sell below 30775 (If sustain few minutes) Target: 30725, 30650, 30550 with SL 31000 Posting for Educational purpose only
Downtrend followed by inverted flag/pennant formation. Look to short once a red candle closes below the support zone. Stoploss - High of the pennant Target - Approx length of flagpole
Havells 630 good resistance keep in watchlist . twitter -@TheSachinJain telegram - @tradingbud
The Chart has nicely formed the Head & Shoulder pattern and closed below the Neckline. It seems a valid pattern that gave breakout and one can use the current pullback to short the index for a good risk to reward ratio.
LEVELS MENTION ON CHART, MAKING INVERTED HAMMER ON HOURLY CHART
Maruti Breakout @7120 will take it till 7000
Looks bearish 1. short below 321.5 2. stop loss at 323.5 3. Target 318
BankNifty Vixfix has been continuously increasing and the OBV decreasing, basis yesterday EOD data they have reached the point of intersection after which they will diverge. - this is an indication of large downside correction and i estimate atleast 1000 points more.
BPCL Traded Below 20,100 EMA's Last Two Trading Day's And Unable To Hold 470 Level. Entry Below 452, Stop 467, Target 415
22nd Jan'2020 Equitas was Trading in an upward trending channel in the 15 min Time frame. Channel was broken on the downside and re-tested today. At the re-test, we took the short position. Position was booked at the end of day session. Bought EQUITAS JAN 105 PE at 2.7 at 14.45 Exited at 3.00 at 15.19 Profit : 11.11%
LTP:- 86.25 Target :- 69 Stop Loss :- 94
EVENING STAR ON 4 HOUR CHARTS, LEVELS MENTION ON CHART FOR TRADING