Stock is trading in a zone near the all-time high price, which will most probably be going to act as a supply zone. Also stock has rallied almost 55-60% in one month and we can expect a price correction of 25%. In addition, these RSI values have given a clear divergence. So I'm expecting a fall in price in the coming days. Enter trade if the price closes below 81...
Recently observed divergence in price and RSI value of 15mins chart. plus it seems like a possible M pattern breakout if the price closes below 162. All targets are mentioned on the chart. Do your own analysis before making financial decision. NSE:IEX
As we can see Eichermotors is near yearly supply, so we can take small risk and short for decent rewards. Short near 2950-3000, sl of 3000. Target could be 2800-2600, if everything goes good.
Adani Ent is nearing completing its B Wave which could be around 78.6 Fib level around 2300 or so levels. That means one more push up towards 2300 to 2325 where I would enter my short position with stop above 2425 and look for targets of around 1800 to 1750. This is a nice risk-reward trade if it works out well.
SOL has more to dump after breaking the significant support next levels to watch below are 26.1 - 24 - 20.75.
- Weekly trendline tested 6 times already - today's closing if below the trendline, it could fall further below towards 32250 follow by 30600
Hero launched some models in Turkey, and appreciated 8 percent in stock spot price. However, hero motor export figures are next to nothing. Just about 20000 units. Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500. Hero has tried to find solace at 200 DMA, in recent times. Hero stock price is expensive, given...
According to Price Action, this price increase was a correction and will continue to fall again , After breaking the uptrend line, we enter the trade
This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected. Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid...
Another Elliot pattern. Sell-off expected in this stock. The next target is mentioned in the chart. Stop-loss 105.
Nifty short analysis 15650 level if breaks mor selling will continue Fir education purpose only Not for trade
Considering Market conditions, there are higher chances of this history repeat. Be careful with your trades & getting carried away from market FOMO.
Nifty Down trend Analysis Nifty Down trend Analysis Nifty Down trend Analysis Nifty Down trend Analysis Chart is Self Explanatory Disclaimer -Only for Education Purpose
Descending Triangle Pattern, Short sell: 853 Target 728 Duration 4 months Accuracy 50-60% Stoploss: 1000 NSE:MCDOWELL_N
In TATASTEEL ending diagonal has been formed at the end of Wave B, If there is downward breakout one can expect down move which is the start of wave C, if it didn't breaks the invalid level placed at 1386.7, then the marking are invalid.
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Metropolis Healthcare || Shorting Idea || Stock very week and in daily chart give major breakdown below its support level and also with good volume On weekly chart also stock trading at its major support level and looks week But stock may be show little upside move as it already shown red candle back to back So in case stock moves upward then 1800 will...
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