Indusindbk Short below 1471
Risk 1.29% And Reward 4.42%
RR Ratio 1: 3.42
Bearish Continuation Pattern
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
EQUITAS has clearly broken down on NSE with volumes close to 31 times its average trading which gives a clear sell signal. Secondly it has broken the up words trending channel decisively.
EQUITAS qualifies a SELL around 105.15 with Stop loss of 113 and Target of 89. If you are looking for a longer time frame, it can be sold at 105.15 with Stop-loss on closing...
Short for the target of 3600 on 16th October 2018. Today's bearish engulfing pattern on the daily chart suggest that still the bears are in control to the price. But the current price is at the same zone from where the last time it has shown the upward move. The positional and swing traders can wait until we can see the price moving at least 5% above the current...
After the cycle of downward movement, the price of Ultratech cement is on the same place from where it has started the rally last time. But the today's Bearish engulfing pattern suggest that still the bears are in control and the price seems to be hovering around the same zone for some time until the bulls try to take the price up for another rally. So, positional...
yesbank cmp 311.85 (eod 15 march) will be initiating short positions in yesbank below 308.75
looking for targets of 302 stoploss will be decided after trade initiation
all prices spot
plz do careful risk analysis before entering trade ----do not over trade , if prices open gap down /near trgts than trade stand cancelled
ORIENTBANK Crashed on NSE close to 11% with Volumes more than 12 times its average and has been below Ichimoku, crossed its recent Resistance level with GAP Down opening an excellent opportunity to go short in the stock.
SELL ORIENTBANK Below 92.6 with Stop-loss of 95.05 and Target 1 at 90.3 Target 2 at 87.95 and Target 3 at 85.6
Aggressive traders can enter now (Monday) at around Rs. 20 as the price is re-testing the Neckline. It's also the .382 Fibonacci Retracement of the Right Shoulder.
More conservative traders can look to sell around Rs. 21 to get the best price as it is the .618 Fibonacci Retracement of the Right Shoulder. You also get a better Risk : Reward by entering late but...
Medium and short degree counts suggest some downside for bank of india.
Longer degree counts might disagree.
Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.
Technically, candlesticks in 1 hour chart shows double top pattern and evening star.
Also negative divergence strongly indicates that price may go down tomorrow.
Sell CMP - Rs. 967
Target - Rs. 952
Stoploss - Rs. 977.85
Minimum Risk Target could be 1:1.
You could cover your position and wait for triple top again in 2-3 days.