A bearish setup in one of the super bearish banks Kotak bank.
It's for intraday and swing trade.
Can travel toward 1700 ad then 1630 with the stop of 1800.
GOLD descending channel formation at day chart and expecting Gold to take support at S3 zone
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
ITC faced a strong rejection from the price level 223 due to multiple reasons:
20 Day EMA
Upper trendline of the broken channel
Fib golden pocket (between 0.618 & 0.786)
Possible long targets for swing trade:
Target 1 - 238
Target 2 - 245
SUNPHARMA LOOKS STRONG AND TESTING THE BORING CANDLE; SHOULD TURN POSITIVE AFTER TOUCHING THE LATEST DEMAND ZONE AND CAN GIVE THE TARGET AROUND 583-591 IN COMING 8-10 SESSIONS.
THE DOWNSIDES LOOKS SHORT AND HENCE HIGH PROBABILITY TRADE.
AMARAJABAT CMP: 541. 525-533 is a minor demand zone and 505-512 is a strong demand zone.
If it will sustain above this zone then it may give swing to its next supply zone 572-578 / 592 / 610-620.
It will be the short turm long trade swing trade for me. ( 1-5 days).
