BALKRISHIND - SHORT SETUPThis stock is trading in the same range and forming inside candles of a big candle. If it breaks the range, towards downside, we can easily capture 10-15 points.
Shortsetup
CESC - SHORT SETUPIf the low of big candle is broken, we can go short.
Trend line breakdown. A big candle formed by a big player. Then a pause candle (inside candle), hence when big candle's low is broken, the momentum may be faster since the buyer's SL will be hit creating immense selling pressure.
HDFC BANK - SHORT - INTRADAY (JULY 15 2020)NSE:HDFCBANK
(FOR LEARNING PURPOSE ONLY)
Price crossed previous HL to form a correction wave
Price Might reach 1015 (next support)
BANKINDIAAs the chart depicts, there is a potential gap left to be filled by market, which creates a great shorting opportunity, if banknifty is negative.
[Positional] LIC HOUSING FINANCEASCENDING PATTERN forming.
It is forming an inside bar in daily
buy above 281.9 with sl at 273.5
sell below 273.5 with sl at 281.5
Trail the trade. might be a big swing.
~Manage risk, reward will take care of itself
BAJFINANCE ShortThis is related to the banknifty one (see below)
BAJFINANCE has run up beautifully inline with banknifty but at accelerated pace.
It is sitting nicely at 50% retracement and the fatigue is visible on chart.
It has made an engulfing candle today and considering the confirmed bearish bias on banknifty, this would follow.
First target is the 38.2% retracement sitting at 3000.
If the momentum is strong enough, the next target would be around 2800 followed by 2400 where we had gaps in recent past.
ADANITRANSShort @ current price, Expecting a big down move...
I'm a new one, If anything wrong please correct me.
BPCL SellSell BPCL today if it breaks yesterdays low.
It has broken traingle pattern on daily chart as well as hourly chart
This is for education purpose only
MGL - SHORT SETUP NSE:MGL
BEARISH SETUP - Breakdown from a rising wedge pattern with massive volumes supporting the bearish momentum.
Also the distribution phase can be clearly spotted with dried up volumes and a sudden breakdown with huge volumes confirms the charge of bears, thus a good downside move can be seen in next few trading sessions.
View: Short on confirmation (once RS breaks zero level from above)
PS: Trade with caution or wait for some more price action.
Diclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Daily Bajaj Finance Ltd Wolfe Wave Chart Daily Bajaj Finance Ltd Wolfe Wave Chart
Strong Resistance At Current High : 3125
Strong Sell Sign At Point : 2950-2975 Near
Take Profit 1 : 2700
Take Profit 2 : 2500
Stoploss : 3125 ( Current High)
Please Note :
1. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade.
2. Please keep patience & wait for the levels means Sit and wait for the right opportunity.
3. Request to like & follow for more such ideas of technical analysis learning.
4. The idea sharing is for educational purpose only.
5. In case any suggestion advice required feel free to ask .
Thank You !
vedl good to short below 104if open below 104 and hold their
vedl going down ,
1st target 101.85 and target 96.95
stop loss 111.1
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial adviser before taking position/decision.
Petronet Risky Setup !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
[Positional] Reliance Flag BreakdownSell reliance for 1600 target. High volume follow through is required tomorrow.
Sell below 1695 or follow 15min orb if price gaps down.
Science Backed by Data[Bandhan Bank]: Target 326BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change.
StopLoss should be used as 342-345 above which original trend continues.
Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to lower range of consolidation. This looks good setup for short term futures trade.
Pls support with likes on the idea.
IOC - Clearshot downtrendThese are all just suggestions and only for educational purpose.
* IOC should slip down from today
* Not suggested to bet on upside
CIPLABEARISH DIVERGENCE WITH RISING WEDGE SETUP. WE CAN HAPPYILY SHORT AFTER PDL BREAK, T1 T2 ARE MENTIONED IN CHART
pel looking very interesting for short sideits at major resistance level
wait for a reversal candle to go short
Tata Motors making shooting star !!Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances,investment objectives, risk tolerance and, liquidity needed.
NAUKRI | TRENDLINE MAY BREAK | ADD IT TO YOUR WATCHLISTShorting opportunity below 2650 level. (If it breaks)
Always Use Tight SL as momentum is high in this Stock.
Shower some likes!! If it helps.
Cipla's stock price might get correctReasons:
1. Yesterday stock price was refused from 2.61 Fibonacci Level (calculated from last low 350)
2. Price is out of ellipse, wait for 630 level to get break down
3. Volume down
4. RSI High, Lose of strength
Trading Strategy
Probable short targets with Fibonacci retrenchment and support levels
562 (50%)
522 (20%)
482 (30%)
take out the position if you find 3,4 days consolidation at these levels
Entry : 620
Exit : 630
XRPUSDT SHORT TRADEThanks for coming by to this update.
Before you start reading please hit that like button its free for you but precious for me. It motivates me to keep making such valuable contents for you all for free. It takes hours of research and attention.
Thanks
Let's get to the chart.
Guys firstly I need you to understand, TA is the perfect way to speculate the future price movements.
Taking trades on the basis of TA is mostly profitable.
So do not take any decision with emotions.
XRPUSDT GOOD TO SHORT 0.1800-0.1775
TRIANGLE BREAKDOWN IS POSSIBLE TO BREAK AND TARGET SHOULD 0.12800 (28.89%)
STOP LOSS : 0.2070 (15%)
Do hit that like button and share your views in the comment section.
A WolfeWave Riding RelianceA wolfewave is forming on the daily chart with bearish divergences in RSI and MACD indicator to support it.
