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Shortsetup

Adani Enterprise (pennant and Flag pattern in downtrend)Adani Enterprise has given a breakout from pennant in its downtrend meaning the downtrend will continue from here. CMP: 134.65 Targets are 117 and 112 with Stop loss (152.45), Target 3: 80, after falling below 112 you should start trailing stop loss strategy to maximize profit. After reaching 117 revise stop loss to 134 (sell price), than I would suggest to trade keep this with trailing stop loss. Let me know If you agree with my idea.
NSE:ADANIENTShort
by AnkitSalgia
GOLD Double Top Oportunity Weekly chart - Strong buying pressure Daily chart - Potential double short Hourly chart - pushing back to tesst top resistance once more If it rejects this top level again we are in a good way for Double top setup We will have to wait and see how price reacts to the 143 price level, If you want you can play agressive with a shot pending order on the 143 level and a ver short stop loss right above this resistance. Price might bounce back really fast and you will miss this opportunity
TVC:GOLD
by Hybriss
Short USDINR Downtrend Continuation Day 2Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a confirmation for Downtrend Continuation . With this knowledge and waiting for a price action on charts can give you better results. RSI also gave a confirmation which increased the probability of success. You do not need advanced knowledge about indicators and patterns for this. Analyse the given Entry point, SL, TGT, S&R . Most importantly just try to Trail SL below your entry point whenever possible. #Tgt1 achieved easily and RR more than 1.5 (PS: Couldn't post earlier due to technical isuues) This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades. Thanks for your time. Happy Trading and Learn something new Everyday.
UEducation
by Trader_Tech
Short trade in CIPLAThe Pharma sector is been pushed up based on the idea that due to corona the pharma sector will benefit. But one can certainly say that there is no structural or fundamental change in the business. Hence I think this rally in pharma is only temporary. Based on the delivery % and depending on the total traded quantity. I think from 13/04/2020 the stock will start moving down toward 488. total traded quantity was increasing from past two weeks but the delivery percentage kept on decreasing. This was followed by a shooting start candle stick pattern near the resistance.
NSE:CIPLAShort
by aakashsawant53
1