This is predicted using longbuylongsellindicator ,Profit Maximizer.
After a 72 bar Green Rally ITC price is about to fall.
The Red Candles shows the indication for the downtrend.
BackGround color as well confirms it. All types of chart using longbuylongsell indicator (script in the below ...
One may consider selling between 203-208 for Target of 194/ 185/176/168.
Keep a Stop loss if stock is closing above 212
Alternatively one may consider the following FNO Strategy.
sell Tata Global December expiry 210 Call option around 5.85 giving a profit potential of RS 13162.50.
Loss in strategy if Tata Global trades above 215.85 on ...
REPCOHOME is a sell on NSE as its been sold off with volumes greater than 4 times its average. and is Below ichimoku kumo.
SELL AT 352.45
Stop Loss 362.45
Target of 316
I am not a SEBI Registered Technical analyst. Please consult your financial adviser before investing. This call may be taken based on today's close of REPCOHOME.
Looks like we have completed a Leading Diagonal formation for W.(1) and W.(2) also looks complete, hence we can plan to initiate shorts here with the SL above swing high.
Strong resistance at 7640 level seems to support the view.
Possible head and shoulder pattern forming in Nifty. I wish that it increase to 10900 or 11150 where it will be ideal to short ..waiting for a trigger.. ...after that long term target is around 8200.. based on heads and shoulder pattern target.. The break down is confirmed on daily closing below 9920..