Matic break out on weekly tfMatic rejected from resistance now testing trend support on the weekly time frame, a perfect time to open some swing trade in Matic to book profit from short
0.73-0.65 will be ideal support areas to book profit.
Shortsetup
Ascending channel breakdown in COROMANDELAs you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
BIOCON formed a symmetrical triangleAfter breaking down the symmetrical triangle pattern and level of 300 we can expect a good fall in biocon… here are some important levels…
TATA MOTORS finally break downPrice formed a head and shoulders pattern and breakdown with good volume
Bpcl can look for downside 320 levels and 275++ levelsBpcl 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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GujGas Down Trend | Short tradingIf we see it overall making lower low and lower high in week time frame and day time frame
- but there sub trend is going on higher high and higher low so it has finished its mountain climbing but now its time to down step for few days
- it looks good opportunity now for PE buy option
happy trading
INFO EDGE - Short INFO edge is at very interesting place. I would prefer short here based on Friday's closing + Volume
Mahindra & Mahindra - ShortM&M on monthly time frame is in OVER BOUGHT Zone. A retracement is much needed for the stock. Shooting star is formed on Daily TF.
BEARISHNESS in JUSTDAIL (Positional)NSE:JUSTDIAL
Justdial stock is looking bearish to me. The stock price has breakdown from the Trendline. This price is trading below the moving averages which shows bearishness. The MACD has given a bearish signal. The RSI is also below 50 which show weakness. This view is for 1 to 3 months. The SL Level for this stock is around 615 level, and the Target is around 495 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
LIC Housing Finance - ShortStock is at 20 0EMA on weekly time frame. Less chances it will breakout. SL is very small. Hence favorable RR
False Breakout It was false breakout given by the nifty.
Pushed into the trendline again. One can definitely short the market by keeping a SL exactly at trend point.
Prediction - Nifty can touch and hold 16650 and even more fall if nothing supports the market.
Breakout in BALKRISINDBreakout in BALKRISIND
Entry: CMP
Target: 1888
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Breakout in PELBreakout in PEL
Entry: CMP
Target: 1710
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
[Intraday] HCL tech short tradeon 15 minute timeframe hcl tech made double top pattern on major price level and if it break 762 price level down side then we can see sharp selling till 955. with the 4-6 rupee stoploss we can plan 2:1 trade as given below.
HCL tech
15 minute, selling
sell after 962
target 955
stoploss 4-6
TATA STEEL ( Trade for Swing)
----------> Trade For Swing <-------------
* Trend line breakout
Entry----> 112-115
Target---> 139
StopLoss---> 100
Bear Tighten Grip On Nifty! Nifty Faces Strong Resistance Near 17400 And Unable To Break Previous Candle's High. This Type Of Pattern Indicates A Trend Reversal And A Bearish Rally Is Seen Thereafter.
Short Nifty ~ 17266, With Stop ~ 17430, Target ~ 16800, 16525 Positional Trade Setup.
Channel target achieved in Banknifty Yesterday after the breakdown Banknifty took support around 37700 range but today that range is broken and reached channel target of 37250 level.
Today morning banknifty tested its previous high 38200, unable to sustain in that range, which confirmed double top. Then we can see the sell off, after it came near yesterday low 37700 couldn't sustain. So breakdown confirmed and Channel target achived.
NSE:BANKNIFTY
Short term sellingCMP coincides with downside of 200MA, 50% Fibonacci level and current RSI level at previous resistance level. Daily candle in the range of previous support now turned resistance. Short term selling could be seen.
Shorting opportunity in SGX NiftyNo doubt, a breakout in daily charts has happened, but now it is time for a retracement, A retracement up to 16360 or 16275 would be a healthy sign for a more positive move.
