Shortsetup
HDFC AMC, Short Sell, Target 1 - 2500, Target 2 - 2350It has broken a weekly and a daily support. After the breakdown, support acted as a resistance and now has taken a continuation towards the south. Short build up is also visible. Supported by the selling in the overall market, this could be have a good downside potential.
Best of luck :)
Nifty Caution: Danger ahead
- Nifty could be attempting the Line of Support for the 5th time
- the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time.
- Would it break???
Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline)
This is not an intraday view but more of a directional view in due course. Note our positions in Nifty has been taken earlier. You can go through my previous Nifty views to understand that part.
Also, this is all about probability and not a necessity it would happen. So do follow your risk management measures. Trade accordingly.
It's your money. Take decisions responsibly.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
GUJ GAS SHORT TERM HARMONIC SWING IDEA gujgas ltd swing idea
trade Reason -
1- Bullish Harmonic Pattern
2- trend-line support
3- strong consolidation with high volume
4- fake-out tendency
buy on cmP : 610 TO 640
stop loss at maximum - 584
targets expected - 660,658,699,759,783,+++
Note - before investing pls consider your maximum Risk Aptitude and holding tendency and always trail your sl on cost - to - cost
LARSEN & TOUBRO INFOTECH... CAN EXPECT A CORRECTION UPTO 14%The LTI script had rallied too much and looks like it can't bear its weight anymore.
The Elliot waves are done and the correction has just begun in LTI.
I'm expecting a target of 5800 in the next few weeks. Analyze and trade if this is convincing.
PS: Overall market is correcting and IT stocks are still overvalued.
Bearish pattern observed in AMBUJACEMAs shown in chart in long period we can see a double top formed and further if we observe we have kind of head & shoulder pattern formed in chart and further breakdown has happened yesterday below that point.
One can SELL around CMP or around 400 with Target below 370
Happy Trading!
HINDALCO HIGH PROBABILITY SHORT TRADEHindalco has a very important 6 time support from where it has recovered several times before . Recently the stock gave closing near this support . If the stock manages to break the support this time then we can see very good bearish momentum and easy intraday profits can be made.
ENTRY : 474.0 (CLOSING OF 15 MIN BELOW THE SUPPORT)
T1 : 468.80 (EASY TARGET)
T2 : 464.0 (IF STOCK GIVES CLOSING OF 15 MIN CANDLE BELOW T1)
GBPUSD POSSIBLE SHORTWeekly: downtrend (Corrective),broke previous LL
Daily: downtrend, Retest to weekly resistance LL
4h:dowtrend(corrective),retesting on previous LL
1h: uptrend corrective started, testing previous HL region
Short if 1.35890 level is broken and tested
BUY if 1.36081(weekly ll level) if broken and tested
Sl according to 4h TF
ICICIPRULI TRADE SETUP FOR TOMORROWICICIPRULI SHARE FOLLOWING DESCENDING TRENDLINE.
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966 is a support level, once stock goes down below this we can sell this trade.
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If stock break the trendline on upside then you should avoid the trade.
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Short term target as per your comfort below 960 it can goes more down.
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What's your view on this comment below in the box.