Short
COTI/USDT time to short?COTI has been facing resistance of blue trendline, so if it rises to approx. 0.1787 then there will be multiple resistances + resistance of 50 EMA.
Red rectangle is also a crucial resistance for COTI, so you can also short from around 0.1714
A shooting star candlestick pattern might form after 4H candle closing, so wait for 4Hour closing (I guess)
(Although MACD has shown bullish crossover, still it will be profitable to short)
---SHORT ENTRY--->
Entry Price - 0.1714 or 0.17100
Target Price - 0.1426
Stop Loss - around 0.1783
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
Brearish Diamond in Chambal Fertilisers. #shortFundamentally, the scrip is strong, but the technical chart is weak. There is RSI divergence on the weekly chart, favoring downside moment. On weekly chart triple doji at the top, indication of bearishness. The rare diamond structure is found on daily chart, indicating bearishness. It's a good candidate for short from a technical perspective.
Target on the downside 410.
Disclaimer: For educational purpose.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL : 392
TARGET : 253 TO 214
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 392 in monthly time frame and then try sell. Waiting for neckline breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
LUX INDUSTRIES ACCUMULATIONMakkale we got another scrip from textilte sector and it's in hosiery business. Yes, we've to choose different sectors for long term purpose which is ''Diversifiy" our portfolio. I beleive that when the population increases and the hosiery business tend to emerge.
The scrip is none other than '' LUX INDUSTRIES'' wait for the marked levels and start accumulating first 30% here after the confirmation.
Do your own research also. CHEERS!!
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Reliance is looking bearishWe can short reliance for some easy money.
Reasons behind it
1. a negative breakout of a rising wedge on 1hr time frame.
2. Bearish engulfing on 1day time frame.
Fundamental reason.
1. the biggest reason behind the trade is that reliance always falls after its results you could even backtest it.