IDFCFIRSTB 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
After 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
NSE: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
NSE: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...
Hi 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.
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