Bank nifty may be bearish on 27th AprilAccording to pattern made by bank nifty on day candle, it is sure that bear are still in Market, it shows market to be GAP down, but no ignorance of TRAP, it may be GAP up and after some positive signal market move to BEAR, like triple TOP or Head and Shoulder pattern.
But for tomorrow my analysis is Short. it is three type of signal may occurs, like GAP up and TRAP the seller then SELL or GAP down and Trap the Buyer and then BUY or simply continue the pattern.
Fundamentally due to COVID19 India is in worst condition and many fold death are still happening, isn't it FEAR? and in next 10-20 Days Market will BREAK DOWN on Weekly chart pattern.
Shortsetup
Energy has exhausted its energy to sustain in Market.With the help of parallel channel and flag pattern, Nifty Energy is clearly showing downfall which will lead to shares likes Reliance Industries, ONGC, HPCL, Gail etc will also show weakness in the coming days. Traders can look for some shorting opportunities in these shares. This analysis is also supported by the ongoing news of diverting oxygen from industries to the NSE:RELIANCE medical health care system. NSE:ONGC NSE:GAIL
Larsen & Toubro 15 mins chart analysis.LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade.
This is just my view. Trade at your own risk. Trade safe.
REC LTD ON 15 MINS CHARTRec is trading below 200 ma and it’s has given good reversal from Fibonacci 61.8% level. We also drew the resistance line and we observed increase in bearish pressure(selling) at resistance level. For next week or coming days we can see double bottom pattern but for this week look for short opportunity. Trade safe
LICHSGN ON 15 MINS CHARTLic housing has broken its major trendline & its sustaining below 200 MA. Talking about bigger trend we can observe the correction that happened after trendline broke had sustained at Fibonacci 61.8% level. Mostly stock that gives reversal from golden zone tends to continue its trend with good volume but in case of LIC HOUSING the volume has been decreasing thus indicating bears in control.
Also if we zoom in, we can look there’s a good chances of stock to test its support for 3rd time making it major support. We also use Fibonacci trend continuation tool & we found out that the major support and trend continuation Fibonacci level 61.8% is exactly at same price. We believe we can see a good downtrend for Tom and day after tomorrow. Trade safe.
Stock looks weak below 1325NSE:INFY
The stock looks weak below 1325 might head lower towards 1300/1275/1230 levels in the coming days.
--Sell below = 1325
--Target = 1300 | 1275 | 1230
--Stop-loss = 1360
--Expected Profit = ( 7 % )
--Expected Holding = 10-15 days only
All ideas shared are for educational purposes.
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heavy breaout....where is it going ?
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atleast try to understand what I expressing.
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like🍁support🍁comment
BORO ltd - low risk high reward🍁 boro ltd 🍁
buy @ 181
strict sl 178(risk 3 points)
trgt 195-205-218-254
jackpot (just risk 3 points may be get huge reward)✨✨
just study ,if u r ready to risk 3 points just enter.
lets wait
it's a multibagger one in my view(only my view)
💠forming descending triangle
💠180-79 range acting as a major support and if it fall below that level just exit okay,otherwise hold
💠superb q3 published.
maybe it hit my sl but no matter because i am ready to take that risk of 3 point
like🔰comment🔰support
Double top or M pattern ? - Tata motorsNSE:TATAMOTORS is forming Double Top or you can say M pattern on 15 min chart .. which is considered as extremely bearish.
Levels are mentioned in the chart
To be safe
Short below : 289
Target : 282 or below
P.s : I am still in learning phase ... all the critics are appreciated .. please let me know if i am wrong.
Note : This is for educational purpose only ... and i am not giving any Trade advice.