Short
Short pick for july series short zone given
keeping 231 as stop for now
also keeping ema, rsi in mind to trail Stop loss
on DCB
targets 1:2, 1:3, again trailing basis
disclaimer - trade @ own risk
RELIANCE: Starting a Bearish Trend"
TECHNICAL ANALYSIS OF NSE:RELIANCE
The LAST CLOSE PRICE of NSE:RELIANCE is 2153.5 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 2153.5. From here, the Key Support and Resistance levels are SUPPORT 1 at 2187.84, SUPPORT 2 at 2274.9 with RESISTANCE 1 and RESISTANCE 2 at 2090.45 and 1984.65 respectively. The Key 50% FIBONACCI LEVEL stands at 2090.45 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 0.7 and 6.96 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 43.6 and SIGNAL at 53.58 along with HISTOGRAM showing values of -10.97, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.24 and 0.16 with SIGNAL as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8899 the STATUS is OVER SOLD.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 28.57 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : SELL."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Indusind Bank Short Term Trading Set up 1The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 979 or 965 max.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Dr Reddy Short Term Trading Set up 2The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 5240
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
BTCUSDT Rising WedgeBTCUST moving accordingly to Rising Wedge but Yellow horizontal line working as Resistance and Red horizontal , White and Orange dashed Ascending line as Support.
This is just Short Term scalping.
If supports break then Price would be around $31.15k
NIFTY Trade for rangebound marketReasons to take a short trade
1. Rangebound price action. Failed at the upper boundary 15875.
2. Strong OI buildup near 15800 CE
3. Lower high, Lower low and lower closing.
4. Closing near low of the day.
Entry : 15686 (15850/15950 CE Spread)
Stop Loss :
15860-15875 Daily Close above
Hourly close above 15900, new high
Exit :
Target Achieved 15500
70% of premium
Trail based on R
Bearish divergence on PELThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
[Intraday] NIFTY Short betNifty formed bearish hammer on 30 mins chart near it's previous high showing rejection. Also it broke the low of the hammer.
So, Short position can be taken with Stoploss of day high.
NIFTY 50 GIVEM THE BREAKOUT FOR SHORT SO WE GO SHORT FROM HERECHART [ATTERN SHOWING SHORT 30 MINUTES SO WE GOIN SHORT FROM HERE TILL THE GIVEN LEVEL 15750 TARGET AND SL 15855
NIFTY (SPOT) - XABCD Harmonic Pattern COMPLETED.NIFTY (SPOT) - XABCD Harmonic Pattern COMPLETED. 3 TIMES RESISTANCE.
POSITIONAL TRADE| NIFTY 15700 PE @105POSITIONAL CALL
POSITIONAL CALL
BUY NIFTY JUN 15700 PE @105
STOP @70
Nifty50 Short Opportunity Nifty50 Looking for Short Opportunity
The only reason for the short side is that global markets are now weak.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.
Nifty Levels 24 June Expiry Short StrangleRed Lines are potential levels for weekly expiry.
Green Lines are potential levels for Monthly expiry.
Both levels are calculated plotted on the day of expiry for the next expiry.
Here green lines were calculated and plotted on 27-05-2021. And short strangle positions taken for 24-06-2021 Expiry at market close on 27-05-2021
NIFTY 24JUN2021 15900CE Sold at 74.8
NIFTY 24JUN2021 14800PE Sold at 102.55
The rightmost pair of red lines were calculated and plotted on 17-06-2021. Short strangle positions taken for 24-06-2021 Expiry at market close on 17-06-2021.
NIFTY 24JUN2021 15950CE Sold at 26.55
NIFTY 24JUN2021 15450PE Sold at 49.25
Firefighting and adjustments to be done accordingly when any of the levels are breached
BTC H&S PatternBTC is giving a very clear H&S pattern on the 1D timeframe indicating a possible short trade to 12K levels, if this is accurate BTC price could dwindle by almost 55%
