Shortsetup
SHORT GBPNZDGET READY FOR A GREAT SHORT . OKAY LET HAVE
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NAUKRI INFO EDGEThis stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared.
head and shoulder pattern neckline breakdown on daily time frame
RK's Sell signal activated on daily chart and also price has broken RK"s stop line and mass psychological cloud
MACD on weekly negative crossover below zero
MACD on daily negative crossover and now below zero
price below lower bollinger in daily
rsi breakdown in daily and now below 40
DMI ADX on weekly bearish
DMI ADX on daily bearish
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Reliance Ind / RIL - trade setup - 25 April 2022Reliance made all time high breakout on 21 Apr gaining over 60 points during the day. RIL helped a lot to lift nifty on the day.
on April 22 though RIL opened with a small gap down giving indication that this is the breakout level retest. This gave concern, as all time breakout should not have a intraday retest. Retest should have happened after 2-3 days after showing the strength. But the strength got lost very soon.
This huge dogi on daily chart is the second concern on RIL bull rally.
In 1 hr chart reliance has already made double top after the breakout, creating M pattern at top. This is another signal possible reversal.
Note: All prices mentioned here are as per spot.
RIL Trade setup for Monday 25 April 2022:
Trade setup # 1 (Short setup ) : If RIL open flat (between 2750-2758) and moves down
Short below 2747
SL - 2764
Target - 2700 / 2670 / 2630
Trade setup # 2 (Short setup ) : If RIL opens higher but below 2792
Short between 2787 - 2792
SL 2796
Target 2061 ( If RIL slips even lower then Trade setup # 1 can be executed)
I do not suggest attempting to go long as it will involve high risk sighting global cues and Dow/Nifty trend, and will demand constant attention. So not posting the trade setup. however the breakout level on the upside will be 2808 and target can be as high as 2850 / 2910
Disclaimer: This is just my view on the stock/index. I'm not a registered advisor on market analysis. The idea is published only to spread my views on the trend and price movement probability, and gather feedback to cultivate healthy discussions. Please do your due diligence before investing your money. Remember, you're responsible for your investments and trades.
PERSISTENT short side tradePERSISTENT SYSTEMS has reached the supply zone with no major retracement move and formed an inside candle with the low of the candle being broken today. A strong bearish candle in the making which is indicating confirmation to go short side trade. Short side trade via put option or short future with buying call as hedge makes sense. SL 4964 tgt 4560, 4460
Titan looks good for intraday short tradeTitan has been trading in a range for the past few trading sessions.
RSI and MACD are indicating weakness.
Keep it simple. Two levels are marked. the trade will be activated once it breaks the nearest 30m candles low marked on the chart.
It's always good to wait for confirmation. If it goes as expected and the price breaks the lower line, wait for it to retrace close to the line and fall again.
USDINR 25 Mar Expiry viewHi Folks !
USDINR is now seen in a crucial level near 76
* It has retraced only 38% from recent dip
* Retest done at previous breakdown level which was also a support level earlier
* Price also can be seen moving in a downtrend channel and now is at the upper level, having room to move downwards till the lower level
* Chart pattern : If we look at this retracement as flag, we can also say that it is a flag Breakdown and may also give flag target which is 75
* Indicators : RSI & Stochastic also supporting the Bearish View analyzed with points observed and mentioned above
Contra View : If this takes a support at immediate support level 75.5 and makes a double bottom ( reversal sign )
then wait for Break out of 76 to get a target of 76.657
No trading zone - 76 to 75.5
Strategy recommendation : Bear Call Spread
Plan your Trade ! Trade your Plan !
#StockMarket #StockIdeas #StocktoWatch #StockToSell #ShortsetupCOAL India
Stock at a recent high on the weekly chart will correct before further upside moves.
So Short Call if 177 level breaks with SL of 182-185 levels
Can be look for Intraday with 5min Chart for SL levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Let's assume the worst but be open-mindedI believe we are headed towards a big dip as institutional investment is focus on commodities right now. Fundamentally and technically this might indicate a dreadful shortfall. I am open minded about pumps because they can come from anywhere but for that I have drawn the tops of this bear cycle. Please research before you make any decision. Thanks