Cup & Handle Formation on Aditya Birla Capt. Trend Line of Breaks & its Confirmation is also seen. No Volume seen @ 16th July justifying Fake Upward Trend. Overall Short the Share. Its My own Analysis, & Not Recommending it to anybody to Short.
We can clearly see a triangle pattern break down, and also pharma sector is somehow a little bearish in my view. If market sentiment is negative, this can come further down.
Breakdown of long term symmetrical triangle is observed on a daily time frame of TORRENT PHARMA. The stock has breached it's 50 day EMA which was a key support. Short entry should be triggered when the day candle closes below 2330. For the targets at 200 day EMA which will be it's next key support. T1 2227 T2 2150 SL 2365 Caution : Results in near future can...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Bearish zone started for BRITANNIA from 3987.35
This stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
As we can see, this stock has taken support at the same trend line for about 7 times. Given today's candle and negative price action, this can break towards downside and we could see a rapid downfall.
on 21-jul-2020 it may go down and touches 71.55 level. it is advised only for education purpose
1. Hanging Man Formation on weekly chart. 2. The price is at 50% Retracement Level. 3. XB= 62(Near to 61.8%) , AC=1.109(Near to 1.13) . It Satisfy the Cypher Pattern on Hour Chart. 4. Assuming XD=0.786 (For the Complete Formation of Cypher Pattern) , D Point to 3330. 5. CMP :3316 near to 3330 . To keep the Trade Safe Wait for the Trend Line Break Out Must...
This stock is trading in the same range and forming inside candles of a big candle. If it breaks the range, towards downside, we can easily capture 10-15 points.
If the low of big candle is broken, we can go short. Trend line breakdown. A big candle formed by a big player. Then a pause candle (inside candle), hence when big candle's low is broken, the momentum may be faster since the buyer's SL will be hit creating immense selling pressure.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
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NSE:SBIN (FOR LEARNING PURPOSE ONLY) Price below 50mvwap On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60