Short
Breakdown in APOLLOTYRE, How to go Short on a Stock!!!NSE:APOLLOTYRE
APOLLOTYRE which was Trading in a down channel has gone bearish and gave a breakout on downside of the channel
below 207.5 the stock has high chances to fall till 200 and if 200 breaks which has most PUT writing then more fall is expected
Currently Selling pressure in Major indices and fear mood of market would Help us going short on it.
Also PUT Unwinding has started in ATMs and ITMs
Conditions for going short
1. we need a breakout on a Support or a supply zone and closing below it
2. Trade would be more accurate if the breakout is on higher time frames such as 1D Time Frame
3. Selling Volumes must be higher, which would indicate a Heavy selling
4. If the selected Stock Contributes to any Index with good weightage then we must also consider
the Index performance and mood too for additional Assurance.
5. If the Stock has FnO then we must see that is any PUT Unwinding.
6.See if the Stock goes below 50dma.
Fantom Buy on retest.FTM/USDT is taking resistance on the Fibonacci Re-tracement level. Also RSI is highest somewhere around 80 and MACD is about to give crossover. Yellow box is the buying zone and can give up to at least 20% in short term. If holding don't exit (buy more on support),if not enter after 4 hr candle closes above in yellow zone.
Fantom Buy on retest.FTM/USDT is taking resistance on the Fibonacci Re-tracement level. Also RSI is highest somewhere around 80 and MACD is about to give crossover. Yellow box is the buying zone and can give up to at least 20% in short term. If holding don't exit (buy more on support),if not enter after 4 hr candle closes above in yellow zone.
SHORT BANK NIFTYThe Bank Nifty is currently under trading zone or going through time correction after a long rally. It broke a uptrend line and failed pullback test. If the above mentioned Demand Zone is broken and succeeds to resist Bank Nifty to go above it, then short Bank Nifty.
Profit booking can be done in the Buying Zone for short positions or longs can take a fresh position in that zone.
#SLP/USDT CHART BREAKOUT COMING!!!Hello guys in this chart it is forming Bearish Flag Pattern in 1hr time frame, I have mentioned all targets and short positions in chart you can follow that chart and also you can also have one small short opportunity at $0.1952 and two other short opportunity's given in chart. Keep eye on chart.
Intraday Trade: watch for support breakdownCan break support zone.
short below 76.8 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.
Sell Copper with a Stop Loss of 731.20Sell copper near ₹ 727 with a Stop Loss of ₹ 731.
I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
GMR Infra Technical Analysis. Short Term Bearish TrendIts an amazing sight to see patterns and mathematics following each other so beautifully. GMR Infra is following an ascending channel. I have marked two channels, one in dotted line format (inside channel), and the other one in simple line format.
After March 2020 downfall, it has made a peak which is close to extended Fibonacci level 1.618. I have used two sets of Fibonacci levels based on recent rally and 2020 fall. When you look at the fib levels of two different sets, you'll find how beautifully it has followed these levels, with a fractional standard deviation.
What are we looking at in the future?
The recent price action has made kind of inverted cup and handle pattern, which is suggestive of a bearish move is short term. The supports are placed at 27.30, 26.80-26.65 (this is basically a zone, very good support region), and then at trendline which is close to 24.80. The immediate resistances are at 29.50, 31.75, and 33.90-34.35 (this is basically a zone, very good resistance region).
This stock will fly when it breaks the channel and the resistance zone placed between 33.90 to 34.35. As of now, it might trace back to support region placed at 26-80-26.65, or if the bearish momentum turns out to be strong it might come down to trendline support at 24.80.
That's all about technical's of GMR Infra. Fundamentally, I'll be looking at its plan on reducing debt. Yesterday's results were promising, but still there is a long way to go.
Personally, I'll be looking for breakout to go long on this scrip, and also if it breaks below the lower band of the channel, then it might go into bearish mode or long sideways movement.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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MOTHERSON is in danger zoneif support breaks then good correction is on way and results are also not that satisfactory.
philipcarb following the trend.Taking support and giving consistent short tern gains.
Targets for medium term 330+. [/b