The stock has been on a steady decline. I am expecting it to decline towards 500 and find support. This presents a good shorting opportunity with the marked support as the target price. With a StopLoss at 565.
This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses just...
AAPL - Monthly Chart
Chart formed resistance at Sept 2018. It provided breakout during Oct 2019. It created a high during Jan 2020 and came back to the resistance zone during March 2020.
Price action behind Apple - It broke the resistance and retested the zone. Also formed a green candle for better confirmation. It retests the moving average too. Resistance...
The stock seems to be into a corrective pullback. The RSI is halted near 60 levels and curled down. The correction may take the shape of ABC pattern. Breaking of the upward sloping channel will confirm the pattern.
TimeCycle: Phases plotted.
Currently, BankNifty trading made an excess.
SHORT or LONG, What is Risk and Reward ration, Protective stop , Quantities, etc. these all are your question and also the same for me.
Hit LIKE button and get real-time UPDATE.