Good test of the resistance level.
ICICIBANK likely to go down from here.
STOPLOSS - Little above the resistance are
TARGET - If the move is slow, wait to run for some sessions but if the move is very quick, beware of sharp reversals
Equitas was Trading in an upward trending channel in the 15 min Time frame.
Channel was broken on the downside and re-tested today.
At the re-test, we took the short position.
Position was booked at the end of day session.
Bought EQUITAS JAN 105 PE at 2.7 at 14.45
Exited at 3.00 at 15.19
Profit : 11.11%
Manappuram moves upward with good support.
Currently, we can notice that it is in uptrend from its support level of 175.
The price can move further up to 198 in 12 days time frame and then have a resistance to move further.
Call for buying Manappuram at 180 and sell as soon as it hits 198 ( Max time frame 12 days)
Disclaimer- These are my personal views and not...
Here, i think that there is a potential upside in MGL (Short position) - 20 Days.
The price currently is Rs .1014 and i expect that by 5th February 2020, the price should touch Rs .1092
The trendline has been strong for MGL .
If you open the daily chart of IGL , you'll notice that there has been a good support to upward movement.
Disclaimer- These are my...
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
Researched for U-Turn for nifty.
Intraday Resistance 12349
2nd channel Resistance 12386
Last and final main channel Resistance 12448
We have plotted GAP, channel layers (0) to (3), Initiated move and responsive move on the spot nifty chart.
As per channel layers, traders can make 3x to 5x money from trade setup by using Option Trade (PUT).
one can short titan if close below near support line
after breaking support we can se a big free fall till 1020 level...
if not close below support can go till 1205 level soon.. lts see.. but don't forget to short.