NSE:NIFTY for short-term positional and day traders. Blue-Line and Red-Line important on higher TFs too. They are connected from much behind. Yellow is the short-term channel. Green-Line is the intermediate support. Watch how it plays out and look for opportunities. Comments and views are welcomed. Thank you.
TATA Power has exhibited a double top formation, more negativity expected as it failed to breach resistance.
Andrew's Pitchfork (mod schiff) and trend line having the same slope capturing the price movement beautifully. Big red candle on 04.01.17 and price movement thereafter shows weakness so one can short the stock here with stop loss just above the high made recently. It offers good risk to reward ratio for a target of Median line touch around 1020 which is also a fib...
The stock has formed an Inverted 3L-R pattern which can be used for shorting the stock at current price with SL 325.6 (closing basis) & target of 305 - 310. 3L-R is a relatively short term pattern
Bearish CYPHER Pattern on Shri Ram Transport and will break on downside. Stochastic on overbought and will have correction. So, its lead to fall some extent. Trade: Short below - 936 Target 1 - 908 Target 2 - 890 target 3 - 870 Stop Loss - 980 Reward Points = 66 Risk Points = 44 "Happy Trading"
Trend line broken on Biocon. Trade: Short below - 993 Target - 976 Stop loss - 1003 Reward Points = 17 Risk Points = 10
Rising Wedge on TCS and showing bearish trend on indicators. Trade: Short below - 2262 Target 1 - 2215 Target 2 - 2171 Stop loss - 2326 Reward Points = 91 Risk Points = 64
Bearish Diamond Pattern on Sun TV and lead to fall upto the FIBO - 50%. Trade: Short below - 526 Target 1 - 516 Target 2 - 502 Target 3 - 489 Stop Loss - 543 Reward Points = 37 Risk Points = 17 "Happy Trading"
Bearish Bat formation on Maruti on EOD and bearish sign for short term. Note : Please wait until the pattern get filled. Trade: Short below - 5785 Target 1 - 5650 Target 2 - 5560 Target 3 - 5465 Stop Loss - 5890 Reward Points - 320 Risk Points - 105 "Happy Trading"
As you can see, these are the areas, NSE:INFY has been trading in. I expect a downfall regarding the concerns related to US and upcoming earnings which might be weak. Here's my view on the chart.
Dear Friends.. Hello! So you can see Nifty form a Dark cloud Cover , May Be Coming session going to be downtrend..The Dark Cloud Cover, in candlestick charting, is a pattern where a red candlestick follows a long green candlestick. It can be an indication of a future bearish trend. in.tradingview.com
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
Hello friend, Grasim is just came from touch the resistance level and going down further, if any body want to take advantage and go short of this correction, may be he will be wise person as called as smart trader, it is a small target target and please hold for 3-4 days.
The Doji pattern is formed - Good for short this share as 52 week high is broken with Doji - RSI also indicate to trade short
Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst
Head and Shoulder formation on Bank Nifty and showing bearish sign. Levels for short: Level to break - 17850 Level 1 - 17715 Level 2 - 17650
Looking at the chart Nifty is trading at the top line of Channel. Its a good opportunity to short Nifty. If it breaks the channel and closes above the top line of channel only then we should take long position.
Symmetric Triangle on NMDC and it may break either side. Trade: Long: Buy above - 123 Target - 125 Stop Loss - 121 Short: Short Below - 122 Target - 120 Stop Loss - 124 RR Points Ratio: Risk : Reward = 1 : 1