NSE:CASTROLIND has moved towards its upper band while staying on the negative trend CMP - 378 Short below - 374.50 SL - 386 (breakout above that) Target - 355 / 340
Nifty Cmp 10176 Observation - in the short term on a 15 min chart Nifty is in up trend channel - Nifty has channel support around 10135. For Long trade Target 10320 Stop loss below 10130 - Break below 10135 can take Nifty down towards 10030 - 9966 zone For Short trade Aggressive traders may look to sell at current levels with Stop loss at...
A Short from here could give us the target between 9900-9850 levels. RSI at current levels (66) supports the short. Overall if it makes a flag with a higher low and higher high, the breakout will help achieve the 11,000 Target by Budget day.
Near resistance level... If it gets resisted then Nifty has a case of triple top formation... Take care & safe trading...
NSE:LICHSGFIN , CMP 622, has made Head & Shoulder pattern and may lead to a big fall now. However we may see some retracement, to 640-680, before the action. Short setup Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520 Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade...
NSE:INFRATEL is ready to move towards its lower trend. Short Bharti Infratel CMP - 390. Short right away Target - 367 SL - 399.5 ( short risky SL 395)
1. AB is the Range confirmed by pivots CDEF. 2. 'A' the Range resistance is broken and given Unacceptence by candles 1 and 2. 3. Yellow line show's the immediate fall in price and Green lines shows pullback and then fall in price 4. Target 1 will come at 1:2 RR Target 2 can be trailed with respect to priceaction. Once the first target is attained stop loss...
Stock is in a strong downtrend; had a fresh breakdown @ 592. Last closing @ 580.25; selling opportunity can be found either on pullback to 592 or on break below 576. For this trade targets on the downside will be 555 and 536 -- where the stock may find some support. Trade safe, stay healthy. Hit like/comment if this information is useful. Regards Bravetotrade
Everything is mentioned on chart... Note: Do your own analysis before making any position...
There is a possibility of KotakBank forming a Head & shoulders pattern with "equal low" in formation and then "lower high" and "lower low" are expected which should complete H & S pattern. It is possible because the weakness is evident in KotakBank as it looks like "big players / smart money" selling off - distribution, and retailers "Weak hands" buying. Rsi...
Hello traders, SBI had a nice breakdown below 281. In order to take this trade with minimal risk we can try our pullback strategy. I would like to see a weaker pullback into the 281 zone along with lower volume. I prefer to see some bearish confirmation in this zone and then short. Potential cover could be at around 270 zone. Let's see if we get this opportunity...
According to setup and OI analysis, I think a 23800 CE SELL @ 7.35 and 22800/22900 PE SELL @ 12.6/18.5 would be good enough for 6th July Weekly Expiry.
Hello fellows, Thanks for your support. Notes on the chart. A probable shorting opportunity into the resistance. I will wait for a bearish pattern; or spiking volume with either barely minimum or negative price action on upside. Your likes do motivate for better posts. Best Regards Afraidtotrade
Short Short and only short... {short on rise} This scrip is below 200 EMA and very weak.. It looks like this will go more downside till the bottom trendline targets are : 100/92/85/70 SL: 120 Note: Do your own study before making any position...
Hello traders Since the stock has broken an important trendline and trading below the 55 EMA some correction might follow. Watch for a short opportunity in the 1480-85 zone with SL above 1495 for the target of 1457 and 1444. Trade safe Hit like if you agree with the idea Regards Afraidtotrade
Vedanta is following an ascending triangle pattern... Short VEDL for the targets of 230 with the stoploss of 238.5 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
DCB Bank is getting prepared for making a good triangle breakout.... One should get ready to sell DCB Bank below 197 with the targets of 185/180/170 and SL 195 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
RSI Divergence in double top area is showing the potential weakness. The pseudo upthrust bar yesterday with big volume is another confirmation for the potential short today with Stop Loss just the high of the previous day bar.