UPL SELL! Below 655UPL Ltd! Looking good for sell below 655. That’s breakout at the resistance. Macd indicating a sell too on daily chart. Target for 632. Swing trade
Stocktosell
Canara Bank: Double Top PatternCANBK has a double top patten (M).
Trade:
BUY above 313, SL: 310, T: 316/319
SELL below 308, SL: 311, T: 305/302
IDFC First Bank: Evening Star Pattern in a uptrend channel topIDFCFIRSTB has an Evening Star Pattern at the top of an uptrend.
Also the volume is decreasing.
And the RSI is moving downwards from overbought region.
Trade:
BUY above 64, SL: 61, T: 66/68
SELL below 60, SL: 63, T: 57/55
Bank Of Baroda: Uptrend channelBANOBARODA is showing an uptrend channel. Volume is ok, but RSI is downwards.
Trade:
BUY above 188, SL: 185, T: 192/195
SELL below 188, SL: 190, T: 185/182
National AluminiumAfter an uptrend a bearish marubozu candle with bearish momentum is seen.
Most likely it will be a bearish movement.
In case of continuation of trend, giving both side trades as well:
Trade: Buy above 80, SL: 77.50, T: 284/286
Sell below 77.50, SL: 80, T: 82/82
BioCon: Bearish formationNSE:BIOCON made an M pattern. But looking at the volume and the momentum, it seems the more selling will happen.
But if it bounces, then buy is also possible.
So both sides trade:
Trade: Buy above 280, SL: 276, T: 284/286
Sell below 272, SL: 276, T: 269/266
JUBLGFOOD: Short Patten prominentNSE:JUBLFOOD , in hourly chart showing a clear downtrend after breaking one lower lows.
Then after making a nice up move upto point 4 in the chart, it unables to break the double-bottoms (1 and 3) W patten. At that time the volume candle was high. So it actually reinforces the downtrend.
Lets wait for it to break down the price corresponds to point #3 in the chart (535) and then it will lead to further fall. SL the current consolidation zone (why? - if prices pushes up, it will again go on this purple rectangular consolidation zone).
Trade: Sell below 535, SL: 543, T: 530/522/518
Castrol India : Breakdown ReadyLogic: Symmetrical Triangle (Pandant pattern breakout)
Trade: Sell below 123, SL: 125. T: ~119.
AXIS BANK IN SELL MODE HOW FAR IT CAN GO SEE YOURSELF !1Hi traders,
In morning one of my followers who is long in axis bank and new trader , asked about my view. That time i replied on basis of bnf chart rather than axis bank. So I was worried for his capital ,therefore , spend hrs to analyze this chat for you and all who are trading long or going to invest in this bank. Please see carefully.
1. In this fig a red channel is seen where price is travelling now. In few days this channel is expected to break down side . As the last leg of selling has started that can take it to first target. May be in this journey price will try to take support at lower end of channel ultimately will travel to that destination in red color support.
2. In any case this gets break then last target of white support. I do not know at what price you are long . My last target is 230 . In near 2 to 3 months it will consolidate between 320 to 260. So decide yourself selling at existing price is good in your case or wait for next 6 to 7 months to recover your price.
3, For investors 240 to 270 level is good for investment for in 12 months can go to 500. This is my analysis before investing take advice from your financial planner . I may be wrong what I am reading now shared with you. That is why now in sell mode. Rest price will decide.
YOGESH VATS
