Bearish Double Top - Capital Goods Index - Expect CorrectionStraight Double Top Bearish Pattern on Capital Goods Index - Note this is on weekly timeframe
SL for shorts mentioned
All targets on the chart
Expect downside correction of 10 to 20 % over next 5 to 8 weeks
The index consists of 25 stocks - 8 FnO Stocks & 17 Cash Stocks. Constituents are -
ABB India Ltd
AIA Engineering Ltd
Bharat Electronics Ltd
Bharat Forge Ltd
Bharat Heavy Electricals Ltd
Carborundum Universal Ltd
Elgi Equipments Ltd.
Finolex Cables Ltd
Graphite India Ltd.
Grindwell Norton Ltd
Hindustan Aeronautics Ltd
Honeywell Automation India Ltd
KNR Constructions Ltd
Lakshmi Machine Works Ltd
Larsen & Toubro Ltd
Polycab India Ltd
Praj Industries Ltd
Schaeffler India Ltd
Siemens India Ltd
SKF India Ltd
Sona BLW Precision Forgings Ltd
Suzlon Energy Ltd
Thermax Ltd
Timken India Ltd.
V-Guard Industries Ltd
FnO Stocks are -
ABB India Ltd
Bharat Electronics Ltd
Bharat Forge Ltd
Bharat Heavy Electricals Ltd
Hindustan Aeronautics Ltd
Larsen & Toubro Ltd
Polycab India Ltd
Siemens India Ltd
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Shortsetup
Manappuram Fin - Short in 1hr TF if it breaks the support levels🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
AUROPHARMA Reverse Flag Pattern (Short)Short on Daily Time Frame on 11.10.2022
Reverse flag on 1 hourly Time frame
Reverse Flag Details
Pole Start (06.10.2022; 10.15AM)
Pole End (12.10.2022;10.15AM)
Pole target matches with 1:1 Risk reward strategy on daily time frame on 11.10.2022
After trend line analysis and Bollinger band strategy the Risk Reward COMES TO 1 : 4.5
Target- 498
SL- 528
Note: Shift SL to cost once the price crosses 510
Nifty trade plan 19/10/2022 All the details and key levels are mentioned on the chart.
Without sure confirmation don't enter long on the breakouts .
False breakout and Sell off will be a major scenario.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
KOTAK BANK SHORTSHORT BETWEEN 1804-1807 with slabove 1815
target 1= 1775
target 2=1760
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks.
Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel .
As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance)
If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
GOLD BREAK OF BULLISH MARKET STRUCTUREXAUUSD just broke bullish market structure. It failed to break Higher high and created a double top which will be confirmed as it breaks below 1705.
Will be entering short as it breaks below 1705 and confirms it on hourly chart TP 1 will be 0.5 Fib which is 1672.05 and TP 2- 1658.42. will go for TP 3 1617 if it breaks below golden pocket of 0.618.
My SL will be 2%
I'll be entering short only if it actually confirms the double top by breaking below 1705. that will confirm market has actually flipped to bearish
Bearish View On SGX Nifty SGX Nifty Trading Negative Side As Per Price Action
SGX Nifty Immediate Resistance is @16982
Second Resistance is @17053
If SGX NIFTY Crosses Above @17053 Then It Will Turn Bullish For Tomorrow Only
SGX Nifty Support is @16025 SGX Nifty Breaks Today's Low @16011 Then It Will Fall Upto @16861 Then It Will Consolidate For Some Time Then It Will Breaks Towards Down Side So You Need To Do Short Sell Don't Buy Call Options On Bear 🐻 Market But Put Options And Sell Call Options It Will Gives More Profit
• DISCLAIMER :-
• Iam Not A SEBI Registered Analyst
• If You Take Any Position Consultant Your Financial Advisor
HERO ZERO TRADE IN NIFTYThese big candles indicating that price is at supply zone in higher TF
Price failing to breach these levels and go up
Even though price is again and again going back to its supply zone
1) It is creating lower lows in lower time frame
2)Getting rejection from 0.786 Fib levels in intraday
All the levels are mentioned in the chart
what the price comes there all you have to do is buy 17350 PE 6 oct expiry
Price will be around 15-17 rs .
Risk per lot is 750-800 .
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
Dabur short Intradayshort dabur 565 Sl above 570
target 551
R:R 1:3
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
GOLD SHOWING WEAKNESS (SHORT)Gold already broke below important support of 1680 on daily, weekly and monthly timeframe and flipped it into resistance. Also we are trading in downtrend channel from 2070.42.
We rejected 0.5 fib level on hourly timeframe. Expecting it to bottom out around 1560-1550
have short open from 0.5 fib level to down 1560 with Sl on atleast 2% (would add more if we spike up to 0.618 fib)
TP - 1560