Sell June Future Positional ~ 1178, 1185, Stop ~ 1210, Target ~ 1050, Lot Size ~ 400
Bajf had a strong sell of which drove it back below the axis line. There could be a possible short setup which i ll present on the lower time frame. For more information on the Axisline topic read my previous post. Regards
Beautiful shorting setup built on Crude oil 4 hour chart with risk of 2:1. There is a strong supply zone from $ 29.16 to $ 30.04 on 4 hour chart and oil is heading towards the supply zone. This supply zone has been tested only once till now and there is a strong possibility to reverse the trend on this price level one more time. Short @ $ 29.10 Stop Loss @...
Entry ~ 890, 900, Stop ~ 920, Target ~ 811
Entry ~ 9135, 9175, Stop ~ 9270, Target ~ 8050
Trading Philosophy - Trend Following Trading Strategy - Shorting a Rally in The Downtrend. Trading Set-up - Retracement - Resistance - Chart Pattern Entry - Short at 1210 Stop-loss 1257 Target 974 Risk/Reward 1:5 Why short? Price retraced to 1237 (0.50%) of its previous swing. (1579.60 to 895.15) Price is trading in Resistance Zone. Anticipating price...
NSE:JUSTDIAL JUST DIAL seems to negative to me for 2 reason 1. Below 200 EMA 2. Making divergence
once the trend line breaks, there is a nice opportunity to go short @ levels mentioned in chart.
do LIKE and FOLLOW if u agree with the idea icici bank short below 325 stoploss 345 target 295 and 265
descending triangle breakdown . short around 394-398 levels for a target of 340 and stoploss of 405 on closing basis.
1. On Drawing AB=CD Pattern on Day Chart. 2. TCS took the reversal from the 0.618 level from Pre COVID 19 Price to Recent Lowest Price. 3. For the Complete formation of AB=CD Pattern , Assume BD=1.27. D Point Form at Rs1537. 4. On Recent , Descending Triangle Formation on 30M Chart. 5. Intraday- Sell Below 1880 Target: 1874, 1856 , 1833 Stop Loss...
As we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern. 1. A sustainable breakout above 5500-5600 will give this index a new leg. 2. The current Bollinger Band trend shows that the volatility is reducing. 3. RSI retraced from...
This maybe an old school approach as you may say but this is something that everyone can understand. My analysis is based on volatility(BOLLINGER BAND) and momentum(RSI). Here what my analysis is that, Nifty is trading in a sideways pattern after breaking the rising wedge . A positional trade can be taken with a healthy risk/reward ratio. One can keep 9450 as...
1. Volume Analysis: After 24/4/20 Volume on Reliance day Chart has been keep on decreasing with the rise in price. So, it mean Institutional investor or trader are not bullish on this stock. 2. On 7/5/20 , Reliance Close the price at Up moving 3 Drive Pattern on hour chart and complete the same with 1.26 level ( Near to 1.27 Fibonacci level). Rising Wedge...
RAMCOCEM currently on trend line support. Breaking this will make Stock to reach further below to support zone. Levels mentioned on chart. Add to watch list
VOLTAS currently breaking range in weekly time frame. Based on market condition today, we can see further fall on this today. Add to watch list
One can trade position easily on the break of trend line with your risk reward ratio As per my Inspiration,Mr Mitesh Patel, When you know the stock is going to fall, dont just keep watching, take some action at least as per your risk capacity. 1) Short in Cash 2) Buy Put 3) Sell Call 4) Short in Futures Remember to follow Money Management Trade as per your...
Once can short for levels of 900-880 if the above resistance is not broken, with broader markets being bearish, i am expecting it to react once for a pullback before crossing the resistance level.