In 1H time frame we can see that there is a breakdown of HEAD AND SHOULDER pattern. It also did the retest, if you want to play safe then you can go short once the 1571 level gets break because there is no near by support zone. It's a good Intraday or Swing trade for tomorrow
watch the levels for intraday short term 500++ possible major events *result - can seee an upmovement in the stock when the time of result. *budget - budget may include supporting activities for finance & housing & banks this is just my view study then invest 500+++ possible duration less than 2 month !!!
I hope you can now see how Sail represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...
PEL BEARISH CRAB HARMONIC PATTERN PRZ AT 1651 TO 1677 POSITIONAL SHORT
I AM IN SHORT POSITION LETS SEE DO I GET TARGET OR NOT .... ONLY FOR EDUCATION PURPOSES.....
Strategy based on ichimoku clouds and pivot points.
Clear BEARISH Setup - Breakdown from a 3-month long trading channel supported with decent bearish volumes Stock has been in a good upmove with the great uptrend in the pharma sector, thus a short correction is still pending in the stock on account oif profit booking. Also the lower trendline has been tested multiple times hence became weak which leaves a high...
The lower range that was in place for the stock from March 2020 post the lock down got taken out today (May 5). In the short term the stock can see further downside and could test 143-147 levels, if the price does not close above 186 on daily charts.
it has given a breakdown with confirmation. at 3 month low. Retest of 120 levels possible. 200 DMA will act as a strong resitance (163 is a good stop to hold)
Stock has closed below its 15 minutes candle showing weakness from the past three days . Good opportunity for shorting
We are at an important juncture EOW X for expanding flat of W 4 of cycle degree....lets witness some lower levels
TCS in its exhaustive upmove and we may witness a sharp decline from 2280 levels in coming days....if this happens we can witness 2030 levels soon.....Respect Risk.....Happy Trading
TCS seen in its exhaustion final move ...final push towards 2280 can be seen with a sharp downfall towards 2030 levels......Respect risk......happy trading