Bajaj finserv in a range Bajaj finserv looks fantastic short, this stock is within a range and created a distribution phase and running towards panic phase .we can sell bajaj finserv put options ,or can make spreads .
Shortsetup
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShortsetupCHOLAMANDALAM INV
SELL / Short below 590 levels for targets of 550 / 520 /500
SL would be 650 on a Daily Closing basis.
Note:-
In case of Gap Up or Gap Down; avoid above setup.
Above levels for education purposes only.
Do your own analysis before taking any trade.
Banknifty levels for short if war escalates furtherNSE:BANKNIFTY accoding fib extention if break 34000 lvel we ll see 33500 to 32900 level in coming week..if we further break 32400 level we ll head towards 30700 which is ultimate stop for march end to mid april . we area now below 200 SMA which negative sign...view is negated above monthly R1 level. its for educational purpose n plse consult your FA.
Nifty - Wedge Pattern formation in 1H The last 30 min trading on Nifty50 was incredible, many retail traders went long thinking that bottom is in or price or trend has changed, but this looks like a retest of the ascending wedge pattern on 1H, also the Elliott Wave count shows that the down trend is still pending. During this volatility we can not anticipate what will happen today but following simple price action, and if we just look at it, it looks like the price should fall sharply from tomorrow and next 5 to 7 days will be red.
Will update this post will follow up on Falcon Waves as well.
Target 16200 for the wedge pattern fall, followed by some consolidation, and then price may continue to fall.
NIFTY... MORE SELLING AWAITED?The weekly candle of Nifty closed below 16300 and appears weak now. Elliot correction waves can take Nifty to 14800.
Can go short if Nifty closes below 16200 in the daily chart.
GBPUSD 15 min BearishGBPUSD 15 min breaking the channel , after a correction .
Trade at your own Risk.
ONGC... TIME TO SELL?Elliot trades. The impulse waves had started from April 2021, had reached almost the end of wave 5.
I would wait to invest at this time.
140 to 150 should be a good price to invest in ONGC.
Wave 5 again follows the Elliot 5 wave pattern. I'm expecting the share price to correct to at least 160 this February.
PVR... CORRECTION Elliot wave pattern. Correction waves can take PVR share price to 1515 levels. Expecting about 100 points correction in the next 1 to 2 weeks.
NIFTY Outlook - BearishThe NIFTY has completed the descending triangle pattern (bearish continuation) and it has broken the key support at 16.8K. It is also trading below its 200 Day EMA. By measuring the descending triangle's volatility and projecting it from the breakout level. A target of 15.4K has been set.
The chart pattern would be negated if there's a closing above 17.5K.
Hindalco Trade Opportunity for Next Week (21-Feb onwards)15 Min Time Frame :
1. Hindalco may give some correction from here
2. Look for trade setup in Intraday
Disclaimer :
> This analysis is for educational purpose only.
> Keep an eye on global market as well, trade as per market condition.
#Intraday Short Setup #Stockmarket #Stocktowatch #SYNGENESYNGENE INTERNATION
Recent Breakdown seen on Daily and weekly chart.
550 is good psychological level to short, can enter into trade 30% at CMP also.
Safe level is to Short below 535 ( Intraday setup)
For stop-loss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci / pivots level
Always try to book partially and trail.
Stock may test upto 510-500 levels.
NOTE: For Gap-down or breakdown
If gapdown is more than 1% from breakdown level than avoid completely.
if less than 1% or gives breakdown before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
BTCUSDT is Forming Head And Shoulder BTCUSDT is Forming Head And Shoulder PAttern levels are mention above good short trade With GoodRISK Reward RATIO
Intraday Short trade: watch for trendline breakdownshort below 553 ( trendline breakdown) in Intraday
safe level is below 550 as 550 is also a psychological support
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
ICICIGI POTENTIAL SELLINGNSE:ICICIGI
as ICICIGI is in down tread from some time it could continue if its break 1275 level and start trading below it .
Disclaimer: Any information shared would be only for educational purpose...
I am not a sebi registered analyst. This channel is for only educational purpose. Any profit/loss, i am not responsible. Before taking any trade please consult your financial advisors. Thanks
COFORGE - Last stop for Bulls4290-4310 seems to be last stop for bulls
Below this area can push the stock up to 4000 odd levels
Once crossed 4290 can sell with a Sl little above 4315 for a free flow intraday fall
RBLBANK at channel resistance with Evening starRBL BANK is one such stock which can give you solid returns when it shows signs of falling.
This is one such scenario where it has made a lower high at channel resistance with evening star and also stochastic indicator has given a negative cross over at the same point.
To make money on this opportunity, we may SELL 145 CE option easily hedging it with 150 CE BUY.
Plan your Trade! Trade your Plan!
Happy Trading !
MINDTREE... More correction awaitsThe share price seems to follow Elliot 5 waves pattern in the correction.
Wave 4 is in the process and I'm expecting a triangle kind of pattern in wave 4. After completion of wave 4, we can expect wave 5 to drag the share price to 3300 to 3000 levels.
One can wait for the share price to fall to such levels before investing in Mindtree.
Bajaj Finserv Ltd: Short SetupBajaj Finserv: This would be more effective as the price is coming from D SZ.
Retracement short setup in AdaniEnterprises.
May fall till 15738.05 - 15512.25
Before taking the trade check all the rules & market sentiment.
Adani Enterprises: Short SetupRetracement short setup in AdaniEnterprises.
May fall till 1671.25 - 1643.25
Before taking the trade check all the rules & market sentiment.
HCL Technologies: Short SetupRetracement short setup in HclTech.
May fall till 1137.65 - 1125.70
Before taking the trade check all the rules & market sentiment.
Adani bearish - IntradayAdanient looks weak below 1653 yesterday low. Gapup or gap downs can be avoided in this case. Daily chart had a breakdown of TL on clb.
Gold ShortFallGold's current price is near the Weekly SZ + Daily SZ + Weekly RTL.
Weekly RTL is multiple times tested but still may not succeed in breaking the HTF SZs.
Gold may react from HTF SZs & can test 1810-1807 levels.
On 4Hrs TF, If it succeeds to fall & close below 4Hrs STL then check for Increased volume, No opposite side reaction.
nifty for 11-2-2022nifty 50 trade well after RBI policy, now tomorrow if nifty trade again above today high 17645-655 then we get the targets off 17677-17710-17745. on short side we only short below 17540 for the target of 17505 & 17474.
