HDFC Bank posted good results. The Primary trend being down, I'm looking at the shorting opportunity when price rally upon a good result.
Entry: 950-960 ( Resistance - Wait for price to take a resistance - use 30 minutes or hourly to for conformation)
Stop-loss: 990 ( Previous Swing High)
Target: 1:5 ( 800 )
Don't Jump The Gun at 9:15. Our patience will...
After the craziest fall, nifty is pulling back. So where to short a pullback?
A - Bearish Flag Breakout
B - Price Percentage Change Projection
C - Traditional Price Range Method
D - Retracement Levels...
Selling in Nifty & Bank Nifty The Two Major Indices are expected to have a substantial bearish breakdown as the RSI indicator shows Index making lower Highs, However the Price making Higher highs indicating bearish divergence. NIFTY 50 is expected to move lower once it breaks the trendlines. WE EXPECT THE BEARS TO GET STRONGER ONCE THE INDEX MOVES BELOW 11,550.
The Index makes higher highs and the RSI Indicator forms lower highs indicating a bearish/negative divergence. BANK NIFTY EXPECTED TO HAVE SHARP BEARISH MOVE ONCE IT MOVES BELOW 29,550 . The Index expected to fall before the election result!!!!!!!!!!!