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Reliance : Where is the next Stop?Reliance broke down from support and gave a weekly close below that support. Looks bearish to me. The next stop could be 1100. If market is to fall further then this will be an ideal shorting candidate. If the markets were to reverse from here and we get a close above 1300-20 levels can try a long position and add small quantity. This is just a view and not a Buy/Sell recommendation. Please study the chart. Based on the market movement, find your opportunity.
NSE:RELIANCE
by sagartharayil
BALRAMPUR CHINI - SWING TRADE ON SHORT SIDESymbol - BALRAMCHIN BALRAMCHIN is currently trading at 610 I'm seeing a trading opportunity on sell side. Shorting BALRAMCHIN Futures at CMP 610 I will be adding more position if 630 comes & will hold with SL 640 Targets I'm expecting are 575 - 550 - 530 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BALRAMCHINShort
by akshit_official
4
DECODING NIFTY50's NEXT MOVES - A PROFIT BOOKING COMING SOON ?Nifty50 is continuously hitting fresh record highs at a faster pace tirelessly. There is definitely strong momentum by bulls towards upside but at the same time we can't deny the fact the there's a thing called 'Valuations' which are hinting that markets are modestly overvalued. The run after breakout of 23500 has been tremendous & we have seen Nifty gained more than 1000 points back to back but as per my experience and my view, A profit booking & retracement is pending the the market. So, with that view, I am creating short positions in Nifty far month futures (as premiums are much more there) at CMP 24620. I will add more position between 24800 - 24900 & will hold this position with SL above 25K. I am expecting markets to witness a strong profit booking in coming sessions as markets are extremely overbought already & budget is scheduled in next week. Any negative news in or related to union budget will trigger strong profit booking in market. I have also mentioned targets for my short position in the chart above & tried to decode Nifty's trend for months to come. Let's see what time will show us.
NSE:NIFTYShort
by akshit_official
6
NIFTY50 - SELL AND RUN AWAY ?Symbol - NIFTY50 CMP - 22960 NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000. According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel. I'm expecting Nifty to show a reversal from these levels & It may witness a strong profit booking. General Elections result is due on 4th June & because of this, INDIAVIX has shot up from 11-12 levels to 22 level. This is also hinting a reversal. If any negative news flow comes in coming week or on elections result day, We may see huge fall in Nifty50. Hence I am creating huge short positions in Nifty50 June Futures at CMP 22960. I will add more position between 23150 - 23250, if comes. My SL would be 23400 & Targets I'm looking for are lower end of this channel which is around 22050 - 22120 & If it breaks this channel pattern on downside, We will see huge fall till 21000 easily (which is my second target) & beyond. Risk is small here & Reward is huge. That's why taking more position than usual. Not taking any position in options as May series options are expiring in 4 days & premiums of June series options are very very inflated. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTYShort
by akshit_official
8
LLOYDSME [CUP & HANDLE]watch on No more say to every one my chart are talking with you what happen of some days . That patterns may be significant chance to grow up and reach to targets . for MORE check in my TradingView ID in.tradingview.com If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
BSE:LLOYDSMELong
by asAMOLSUTAR