Vedanta has been in a down trend for about a year and half. This stock has been consolidating in the form of a symmetrical triangle which now appears to be broken. It does look like a good opportunity to join this SHORT ride!
TREND ANALYSIS Follow Chart Instruction. if Wants to take Entry then wait for it. Can Ask in Comment for Proper Entry when it reaches my level. Disinvestment Chart for Voltas. IF HH also broken the wait for my level to short/exit.
Leveraging a decently positive correlation between USDINR & DXY. Working on the trading strat.
After a few candles of consolidation the market had took it down after it touched its day low.And gave a good 10-15+ points on the short side.
Potential Positions are 10700 PE (higher prob) or 11140CE (lesser prob)
LIC Housing Finance has been moving in very nice parallel channel for a long but it’s looking week on daily chart so there is high probability it can break channel. After it breaks channel, if you want you can wait for confirmation on 1 or 4 hour chart for red bearish candle. TP is 516, If it breaks below 510 target are 502, 487 If your idea matches mine open...
sell zeel fut 345 with sl of 347 for intraday only
1.Currently trading slightly above support 28329 & 200 Period EMA in day chart 2.Though overall sentiment is bearish, elliots wave and late recovery towards market close suggests the possibility of pullback 3.On bullish side,Price might go up-to 28581 or 28770 4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA,then it can go...
Siemens has broken important support. Likely to touch 1140 near trendline. If it manages to break the trendline next target will be around 1080
DLF CMP 181.20 - we observe triangle pattern in DLF chart - trading below 50 day EMA and 200 day EMA - crossover of 50 day EMA below 200 day EMA not yet happened - Levels have been mentioned in the chart itself... The target for the triangle breakdown pattern comes to around 139 in 2-3 months Take care & safe trading...!!!
Nifty is moving down a step at a time. Expecting a correction to 11150/(11210 - though improbable not impossible) before the trend resumes. Targets for the downside are at current support expected at 10990-80.
stop loss 11370. selling range 11300 and 11360 1st target 11020 2nd target 10820 huge accumulation near 11020 to 11600. so wait for good stock to fall and then grab. one update all target met given on 7 JULY. Disclaimer: All posts/views are for educational purpose only..!! Kindly contact financial advisor before taking position/decision.
HERE ARE GAPS LEFT MADE BY NIFTY WHICH NEEDS TO BE FILLED. WHEN THEY WILL BE FILLED? I AM STILL NEGATIVE ON NIFTY UNLESS NIFTY TOUCHES 11000 LEVELS ALSO WE MIGHT BE LOOKING AT BOUNCE BACK AS WELL. BREAK OUT OF PARALLEL CHANNEL AND SUSTAINING IT WILL LEAD TO BOUNCES BACK. MAKE YOUR TRADE ACCORDINGLY.
As Ashok Leyland has recently broke long term major support of Rs 80/-, the long term downtrend is triggered. Line is Red is stop loss and black line is targets. Thin black line are intermediate support and thick black lines are major support. Trading price: 75 Target: 71, 65, 56.5, 47.5 (placed above support line) Stop Loss: 81.50
Biocon CMP 240 Look to sell for target of 233 / 226 / 222 / 214 SL if closes above 246 Safe trading...!!!