I'm looking for potential shorts for this pair from now, previously my bias was bullish thus had taken a trade and i think it'll hit my TP.
Now as we see there is a bearish rising wedge so we can expect a bearish move from now.
Please refer the chart for the upcoming weekly expiry of 7th may.
Strong reversal zone @ 10150-10250
Reversal zone @ 9960-10000
Minor support zone @ 9600-9700
Major support zone @ 9300-9400
Strong support zone @ 8900-9100
TCS seems to be bearish as it has already broken
The support 1 at 2106
Now There are two more supports that can also be broken
Support 2 at 2059
Support 3 at 2033
Today the market will be more volatile than usual because of budget so trade very carefully !!
Stop Loss 2095
Also The RSI seems to go even down because the supply zone has...
Here, i think that there is a potential upside in IGL (Short position) - 12 Days.
The price currently is Rs.413 and i expect that by 24th January 2020, the price should touch Rs.440
The trendline has been strong for IGL.
If you open the daily chart of IGL, you'll notice that there has been a good support to upward movement.
Disclaimer- These are my personal...
Short TORNTPHARM19FEB1880CE @55.8 for a target of 40/30/20 by Feb Expiry. Stock looking week on weekly charts and may retest the lower levels. Price rejection is noticed at higher levels near 1924-1950. In case stock moves up then write near ITM/ATM CE around 1924/1939 levels and hold it till expiry.
Stock is likely to give a MACD bearish crossover on daily charts. Its forming rounding top kind of pattern on daily charts. Stochastics have fallen below 80 which gives early signs of trend reversal. IT major may retest the levels of 710/700/680 in near to short term. Short INFY 730 FEB CE for 22/25 rupees. Hold it till expiry for 20% ROI return. You may book...
There is a possibility of KotakBank forming a Head & shoulders pattern with "equal low" in formation and then "lower high" and "lower low" are expected which should complete H & S pattern.
It is possible because the weakness is evident in KotakBank as it looks like "big players / smart money" selling off - distribution, and retailers "Weak hands" buying. Rsi...