- Nifty could be attempting the Line of Support for the 5th time
- the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time.
- Would it break???
Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline)
This is not an intraday view but more of a...
It has broken a weekly and a daily support. After the breakdown, support acted as a resistance and now has taken a continuation towards the south. Short build up is also visible. Supported by the selling in the overall market, this could be have a good downside potential.
Best of luck :)
Short Term Target of Bharti Airtel at present is 672.15. It has strong resistance at 733.90 and the Current Recommendation is to go short.
The same is for educational purposes only and the author is not responsible for financial loss.
As you can see in the chart, 924 is strong support many times stock tested this level.
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If tomorrow, stock break the support level & goes below 924, we can buy this trade for the target of 900.
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What's your view on this comment below in the box.
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Note: we will only buy this trade once it goes below 924.
Something has spooked, shaken, and violently swirled the crude markets.
What exactly is brewing with oil?
The rising and strong trendline that began in Apr 2020, has been tested twice on the weekly time frame earlier.
This week, it's simply taken out. Broken in one clean swipe. It's almost like a butcher's big solid knife has sliced through warm butter....
Bitcoin made two breakout attempts recently. The second breakout failed and this failure is indicative of more downside in the coming days.
Supports that are well in target are just 6 to 8% away and lie close to 49k to 50k. A strong support of rising 200ma is well in sight. This range seems like a good support zone. The confluence of trend line support and...
Security: Nifty (Sell on Rise)
Trade Setup - H&S neckline broken decisively. So short call / more effectively traded through a December put option or a multi leg option strategy
Trade: Short / Put buys / Sell on Rise / More effective if get to sell or take a buying Put option entry on a gap up bounce around 17100 / 17200
Stoploss: A wild bounce back in form of...
Bpcl can look for 320 levels and 275++ levels only below 360 below closing on daily basis with sl of 400 on dcb
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Disclaimer : only for educational and learning purpose
Nifty larger sentiment was down, this was just a pull back in larger down sentiment. Nifty was moving in up channel, buyers expecting a reversal to 17800. Follow buyers sellers action and what their expectations are and when they will be in pain!!
Check below chart for detailed analysis -
1. Buyers were buying along...
bearish divergence followed by a break and retest of downward structure. entry was at retest and i will be riding this down to the previous structure level at 4482 area.
As you can see in the chart, there is a strong resistance of 2215 level,
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So for tomorrow if stock rejected from the level then we can plan for the selling,
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If stock goes above 2215, we will avoid this trade,.
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If stock goes below 2100 we can short this trade.
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What's your view on this comment below in the box.
When a major trendline is broken, prices will go almost the equal distance the amount it went above the trendline. Sell ~ 3250, 3230, with stop ~ 3310, target ~ 2950. Trade time frame 8 ~ 10 day's.
This is a perfect sell, considering how the overall market is. There is a bearish engulfing candle on the daily chart, signalling bearish reversal. Also a fake breakout and is back in the channel. RSI and MACD is also signalling weakness.
Risk to Reward is also favourable.
Best of luck :)
Simple basic trendlines
Breakdown of ascending triangle
Previous resistance (now support) will be target zone
Note: Sometimes, just basic and minimal analysis works wonders!
