Currently, the price action failed to cross above the initial resistance level of 6650-6670 (indicating continuation of prevailing down trend) and came back down to test the previous strong and crucial support. Now, if the price action got further weaker then it may break the crucial support range and goes further down to 6000 levels. It shall be the continuation...
Closing Price 12073
- this is an hourly chart for Nifty
- Nifty has been trading between red parallel lines for most of the time
- it saw an extension on the lower side around 14th November but managed to stay within the broader green parallel channel
- now it is in the extension zone on the upside
Look for selling opportunity if Nifty does...
ICICI Bank has touched the upper line of the channel and forming (in process) bearish candles. This may lead stock correction towards 453-457 level.
May create Short around 487 level with SLTP around 500.
Can look for shorting opportunities if it sustains under 690. Upside resistance is 700-705.
If it fills the gap made on 27-oct-19 opening, then chances are it can go up, otherwise will look for downside under 690.
Bearish divergence in last two weeks.
Says we can see downfall in next 4-5 sessions.
1st profit booking under 690 is 675. For upside sky...
CENTURYPLY LTD 4 HOUR WOLFE WAVE CHART
STRONG SELL SETUP IN CENTURYPLY LTD BELLOW 178
SELL AT 172-174 TIGHT STOPLOSS 178 TAKE PROFIT 162 & 152
All information is for educational and informational use only
CDSL - CENTRAL DEPOSITORY SERVICES LTD.
CMP : 234.
BUY ONLY IF SUSTAINS ABOVE 250.
CAN TAKE SHORT POSITION WITH 250 SL INTRADAY BASIS.
CDSL COULD DRIFT LOWER TO 160-180 OR MUCH LOWER, IF 250 NOT TAKEN OUT IN COMING SESSIONS.
BETTER BOOK SOME PROFIT AND WAIT FOR 250 TO CROSS FOR FRESH POSITIONS.
Ok so this rectangle size box is only hope for this stock to continue this upside momentum, I will look to short below this box and this looks good for 8-10% downside move. Actually I was long in this and just got a good exit today now suddenly it is looking good for downside too and I thought why not. Let’s see..
And guys please do your own study before any...
Key resistance zone
Bat pattern completion on higher time frame
Would see some major pullback soon
Stop loss should not obvious
Follow if analysis is working or comment If not
Suggestions are welcome !!!
Just here spread good message among trading community