Equitas Heading down - Target of 45 in few trading sessionEquitas has given a Positional short signal basis the Convergence of Rising Vixfix and Declining OBV. It is a Positional Short - Target of 45, I would enter via Theta Neutral Bear Put Spread
Shortsetup
THE STOCK IS TRYING TO BREAK SUPPORT IF IT WILL THEN SEE DOWSIDEsell belove blue line on 15 min closing basis.green line is target zone .red line is stoploss
Infosys Short Trade Nifty IT has seen a major bull run since past week & now rally is expected to halt on the backdrop of profit bookings.
1. Infy Gapup opening today on positive results.
2. Created a new resistance level near 933-934.
3. Fall to 78.6% Fibonacci retracement levels observed today.
4. Further correction to 50% level is possible since large gap supposed to be filled out.
Sell on CMP.
Target 1: 891
Target 2: 874 on further correction.
SL: 935
Triangle Pattern BreakdownWe can clearly see a triangle pattern break down, and also pharma sector is somehow a little bearish in my view. If market sentiment is negative, this can come further down.
Exide Industries - Intraday Trading Setup for 24 July 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Titan - Intraday Trading Setup for 24 July 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
UPL - Intraday Trading Setup for 24 July 2020.Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
UJJIVAN: HEAD and SHOULDERS PATTERNThis stock can be sell shorted after the trendline breakout.
Target is shown on Chart.
NSE:UJJIVAN
GODREJCP - SHORT SETUPThis stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
MCDOWELL - SHORT SETUPAs we can see, this stock has taken support at the same trend line for about 7 times. Given today's candle and negative price action, this can break towards downside and we could see a rapid downfall.
"RBL Bank-short"on 21-jul-2020 it may go down and touches 71.55 level.
it is advised only for education purpose
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.
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 !
