ICICIBANK is in downtrend since last month. Correction wave "C" is incomplete and in progress. Stock has entered oversold area on Daily charts which indicates BUY setup. But on weekly charts it is in overbought area and does not confirm weekly chart setup. So stock should drop in next few days. SHORT position can be initiated below 274.5 with targets 270 (1st),...
Trading at the top of the longterm downward trend line from 2011 TATASTEEL form a bearish butterfly at the top of trend line in the last 3 months price action.The stock can be shorted here as Risk reward ratio is very very low.Actually the idea was from Mr.Neteesh Jain who mistakenly quoted it as a long. Thanks to Mr.Neteesh to Identify a good trade.
in.tradingview.com In Last 15 Min Trading session Nifty going down with strong selling in market.. Stocks is Sluggish today in bullish trend that mean nifty is neutral now and see the graph there are 2 Strong gap up in the level- 8290 - 8324, 8237 - 8261. So, Level of 8750 Nifty is Neutral. And Nifty will Downtrend to fill gap ups. So, Set target of Nifty...
Hi friends, ITC results came out on Friday. I'd go short on ITC for 3 reasons : 1. Risk Reward is much better. 2. If the news couldn't make the stock go higher intraday, makes it more probable to go down further. 3. Volumes And also I have drawn my lines to illustrate levels which are significant according to me. So, as for now, I'd go short...
Engineers India fails to breach resistance at around 155-160 range with momentum, may decline further.
NSE:LT is in a downtrend as you can see. It has given a breakout out of the lines which might just fail. Short positions can be entered with the pink line as stoploss and blue line below as target. Cheers !!
Harmonic ABCD pattern is about to complete on Adani Power. An overbought RSI gives us additional confirmation to enter short.
There is huge resistance at 8330. can be shorted for target of 8100+.
MARUTI now at rising TL Support break down below 5790 can take it till 5650-5600 zone Having strong resistance at 5960-5975 (Double Top in lower TF) After a weak monthly sales number look good to short below TL or at 5870 zone
IBREAL LOOKS GOOD TO SHORT AT 92 ON CHANNEL BREAKDOWN .. STRONG RESISTANCE AT 95 CLOSING BASIS FOR TARGET OF 88
RELCAPITAL LOOK GOOD TO SHORT AT 568 AS FACING TL RESISTANCE .. STOP ABV 575 .. LOW RISK REWARD TARGET 560-552
GodrejInd is giving a Short Setup.. Stock gave a 5 wave decline from 542 to levels to 387 levels in Wave A and has since retraced backed to 78.6% fib. One can go short on the stock at current levels with stoploss just above 453 and Targets of around 380 and 350 wave Wave C. Details are on the chart. Happy Trading!!
The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.