IOC - Clearshot downtrendThese are all just suggestions and only for educational purpose.
* IOC should slip down from today
* Not suggested to bet on upside
Shortsetup
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.
Axis Bank Swing Trade SetupPositional Sell June Future ~ 408, 410, Stop ~ 425, Target ~ 340, Lot Size ~ 1200
Gail Seems Weak SELL Gail around 98.80 (cmp) For Tgt 92 and Stop loss 102 ( Disclaimer: This is my personal view not an Investment advice )
(Positional trade)
Hindalco Seems weakSell around 151 Target 149.5 Stoploss 152 (Disclaimer: This is my Personal view not an investment advice)
Bank Nifty Positional Trade SetupSell Bank Nifty June Future Positional ~ 20650, 20700, Stop ~ 21150, Target ~ 18700, 18000
Nifty Positional Trade SetupNifty Currently Trade Below 100 ~ EMA, Positional Sell June Future ~ 9955, 10050, Stop ~ 10180, Target ~ 9300, 9000
Looks Like Reliance Can Use a Minor CorrectionAs visible on the chart reliance is showing a bearish divergence on RSI and if it breaks the trendline it can test its 50 Day MA which is alongside the lower bollinger band.
STAR LOOKS WEEK | Add it to your Watch ListMany pharma stocks looking week from few days. Lets focus on STAR.
STAR below 400 looks bearish but Let it break the 395 level.
If it breaks that line with good volume then we can see the target of
Target1- 389
Target2- 379
Target3- 364
Mark this level on your chart!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!
Ultra Tech Cement - Head and Shoulders Pattern - Short Setup As shown in charts, nice pullback can be seen, tomorrow can short for intraday
EUR USD SHORT As we can see there was a big spike to the upside at a previous resistance level which was meant to take out retail stop losses and collect all the orders to push the price down, another confluence is the price was at 1.13850 which is a psychological level. You can wait for a retest into that zone or take an aggressive entry right at the candle close. This could be a retracement in an over all uptrend until it breaks the recent structure but the trade is already 80 pips in our favor and you can start trailing the stoploss.
