On break of the rising wedge, the stock can give smooth down move. There are confluence of factors favoring the downside. 1. Upper trend-line of the channel 2. Bearish Engulfing on Day chart 3. At the lower support of wedge trend line. I am looking at downside of 3%-5% from here on. 1300 is strong support. SL: 1435 on Dec Futures contract. SL can be moved just...
this stock making higher high and higher low formation on weekly chart and look like ready for take off from here for next higher high.keep stop loss below latest higher low on weekly closing basis.
EICHERMOT 1D, is at 52 WEEKS HIGH now. FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me. TECHNICALS : stock forming DOJI on top and trend reversal may happen . My view : Eichermot may fall and I'll short ONLY below the Low of doji. Trgt is near 2300 It may retrace...
Head and Shoulders pattern is forming in Axis Bank 1 Hour Chart, Expected Target is 540. Wait for Breakout and you can keep Stop Loss above Right Shoulder or above Head as per your Risk taking strategy.
Hello Traders Apollo hospital charts looking weak if break mentioned level good Downside move expected DISCLAIMER { Educational Purpose } All investments involve risk. Please Do your analysis before initiating any trade GOOD LUCK !
Asian paints is about to retest a very important support level. The stock looks weak and has a possible downside to it.
Made same HnS pattern. Might follow the pattern again and give a short opportunity!
Seems to be making HnS pattern. If fails, might give long opportunity and if completes the pattern, might give short opportunity. Worth watching!
Short nifty between 12850-13050 sl 13200 on closing basis. Positional target 11k with in 2 months. Price facing resistance in channel as well. Top out of channel. Following ABCD Pattern on monthly chart.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before...
As the markets are making new highs, Reliance is still struggling to position itself. In fact, it is breaking down. Previously Reliance has shown reversal near 1800 and again it's trading near that level, do this time it will reverse or will retest 1600? This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
HDFC Life may give a good breakout soon. Keep an eye.
Can you see the Chart is speaking very clear?! - 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance - On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now - Also notice how Price cannot sustain above Anchored VWAP from the Tops - Price is...