HDFC Asset management is in its strong support zone, wait for fo its breakdown and give entry on the downside, trade only it breaks the zone or else do not trade
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and...
Reason: RELIANCE is below it 50 Moving Average and 20 Moving Average. It may try test it's 2113 level.
In 2 scenario you can short for a target up to 2078.
1st scenario to short: Reliance test it's 2113 level and fail to give breakout. Stop loss would be 2122.
2nd scenario to short: Reliance can't go above 2102 and fail to give breakout, in this case stop loss...
Script name: TATAMOTORS
Today I made it more clear for you guys and marked the zone from where you should enter into the trade.
Reason: 345 is a major resistance zone for TATAMOTORS and price got rejected from here today. A down ward trend line and price is below 20 MA.
345 to 346 is your Entry zone as marked in the chart. Stop loss would be above 348. RISK TO...
4H timeframe or day chart,
shorting opportunity is here as i shorted around 221. this chart is creating Highs and Lows, you can see the trendline as well,
as heavy volume is there as well, The price would rise a bit, and then might fall, in upcoming days ITC could fall down to 203 roughly, 7-8%.
Let me know your views on Comments. One can go LONG when it comes...