Get started

Short

Nifty Update for 26th October 2021NSE:NIFTY Nifty Update for 26th October 2021 ============================== A recovery from 18,000 levels was seen in previous trading session lead by the banking stocks. Index has shown recovery from the psychological support levels of 18,000. Here's the trade setup for today: NIFTY has formed a HALF BAT HARMONIC Pattern and if the price sustains above 18,250 we can see the price shoot up to the levels of 18,300/18,350 For buying 18,250 is the key level above that 18,300 will act as a key resistance. On Higher Time-frames 18,400-18,500 will act as a resistance area. For selling Consider selling from 18,050 level, but also consider 18,000 as an important level as it will act as a strong support again. Consider quick profit booking on both the sides as Index is trading at narrow range. Trade setup ============== Key RESISTANCE is : 18,500 Key SUPPORT is : 18,000 Trade Accordingly!
NSE:NIFTY
by Virupandey81
Interglobe Aviation ShortHead and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its baseline. In this case we can expect an approximate of 15% fall in the prices if such a breakout is to happen. Keep an eye out as the pattern is still incomplete. This graph is only for educational purposes; invest at your own risk. Stoploss: 2055 Target: 1650
NSE:INDIGOShort
by shubh010305
2
ICICPRULI - Channel BreakdownWhat is channel Pattern & breakdown? Scenario in which Price will tend to move in a channel between a trend line and a line parallel to the trend line. The later is called a channel line or a return line . When these are identified, they represent a clear exit point for an entry taken in the direction of the current trend. Aggressive traders may also use the channel line as an entry point for a trade against the trend, though trading against the trend is not advisable as those trades tend to carry a higher risk and tend to carry a higher failure rate than trades taken in the direction of the trend. Another significant signal is the failure of the price to reach the channel line. This could precede a break of the trend line and a possible reversal of the trend which results into channel breakdown Present Case - Similar kind of breakdown is seen in ICICIPRULI after todays session with some good volumes.
NSE:ICICIPRULIShort
by KishanMittal
Short the State Bank of India (SBIN) StockHello, This is my Technical Analysis for State Bank of India (SBIN). According to my analysis the price will go up. We should take entry at 462 The 1st target should be at 451 The 2nd target should be at 440 Stop Loss at 468 Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
NSE:SBINShort
by BirhangBasumatary