Short
Short side trade in BajajFinsv As the markets look weak, it makes sense to trade in stocks that a have weak setup. BajaFinserv looks like one of the weakest charts in Nifty.
The stock has failed to rise above the previous high 19325 and made a lower high at 18620. Post that the stock prices moved below the previous low of 15450 at a very fast rate i.e. just 5 days. This shows the strength of downtrend.
The stock prices has broken below the previous support of 15600 with high volumes and has the next support at 14000. Good shorting opportunity!
Disclaimer : Only for educational purposes.
ICICI Bank: Go for ShortAs per request of People.
In ICICI go for short . Now in Downtrend and also retraced level of 0.3. Best time to short selling. Also form Bearish Engulfing.
CMP: 781.15
Target 1: 753
Target2: 709
You also go for Long term buy on dip strategy with five time investment.
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Intraday Trade: watch for trendline breakdownshort below 550 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
IEX: AnalysisINDIAN ENERGY EXCHANGE (IEX)is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualized, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.
CMP: 238.70
IEX now facing down trend. very critical Support zone. Market Retraced on 238 and go down up to 202 to 166. best for short.
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Bajaj Finserv Ltd.: Cup n HandleBajaj Fiserv Ltd is currently engaged in life insurance, general insurance and consumer finance businesses and plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
CMP: 15528.95
In Bajaj Fin. Cup and handle structure/ Pattern on 14722 market retraced up to 15450. and move for big downfall up to target 11490.
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Reliance Industries Ltd. Buy or SaleCMP: 2477.85
Magic level
In reliance completed inverted Cup and Handle Target. Now wait for magic level.
Magic level above stock 2687 or index over all bullish
Magic level below stock 2687 or index over all bearish.
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Godrej Properties Ltd.: Cup n Handle PatternCMP: 1798.85
Now in Godrej Properties form inverted Cup and handle pattern. now its full chances to go down. till target: 1085. its retrace on 1798 again . wait to retrace 1st then go for short selling on opportunity seen.
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