Short
SRTRANSFIN Intraday - 29th DECSrtransfin looks good as per price action for shorting on 29th Dec below 1204. On daily chart there is a breakdown --> consolidation --> retest and now ready for another momentum downwards. Avoid in case of big gaps.
AXIS BANKShort Axis Bank between 812-815 with SL 821
Target 795-791
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Adanient ShortSHORT POSITIONAL ADANIENT WITH Sl 1735
Target 1630 & 1590
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
RBL: Target Rs 90Any reason why the drop should only be 20%. I feel absolutely not. It has hallmark of a very badly run bank. Greed is the word I guess. Moneycontrol should be taken to court for spreading lies last night about RJ/RKD stake in the bank. These morons just go scot free everytime becuase SEBI is staffed with nincompoops.
Let it go Yes Bank way and pay the fat bankers Private secttor salraies at Public sector Srrvice.
GO SHORT IF DAY'S LOW BREACHEDWe can short in future and can sell atm call option or buy puts if a candle gives a closing below the 34000 in 15 minits time frame.
First target:- ~33646
Second target:- ~32300
If market opens with huge gap down or up then have to wait for price action based good entry other wise don't trade because market can take reversal at any time.
DISCLAIMER:-
** This analysis is completely for education purpose. **
** Beginners don't relay on it. **
** I will not be responsible for any kind of loss. **
ZOMATO Breakdown - 5 Months Trendline BreakZOMATO has break the 5 month long trendline in downside . I've did this analysis on last trading session and today forgot to take short entry but it has break the trendline wth very good volume and today down almost 6%. this trendline can now work as resistance.
Nifty: Is 200 day EMA test on the cardsNifty
- we have seen 20 day EMA crossing below 50 day EMA
- every attempts to pullback above 50 day EMA went futile
- 200 day EMA currently around 16284
- Last it tested 200 day EMA on 25 September 2020
The way things are set, Nifty has a good probability to test 200 day EMA
Stay cautious and trade light.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BTC with a lack of volumeBTC retested the diagonal support but with a lack of volume (check the last green candle though)
I'm looking forward to how this will play out, but it's not a good sign imo.
It could hint on some more downside before potentially going up. I'm personally still bearish on the lower timeframes (including the 4h). That's why I'm also shorting this one. Doesn't matter how one would look at it, bearflag or falling wedge, bearish or bullish, but this indicates nothing good imo.