Themoneyroller
Indusind Bank : Sell Below 1545, SL 1610, Target 1470, 1360Indus bank is in the consolidation phase after a big downfall. If this triangle consolidation breaks on the downside downtrend will continue.
TVS MOTORS: Sell 535-532, SL 555, Target 495TVS motor has presented us a very juicy shorting opportunity. On weekly, it has broken a wedge formation. On daily a flag formation has been broken. SO pressure is on the downside. As the broader market is also plummeting, there is a high probability of TVS motors to reach its target and beyond.
BankNIfty trading is Consolidation pattern (Wedge), NSE:BANKNIFTY
'A Slience before the Tsunami'
The current move explained through video Analysis. This slow upward movement is an indication of something bigger should be expected from the market.
Quote:
“If you spend your whole life waiting for the storm, you’ll never enjoy the sunshine.”
— Morris L. West
SELL BANKNIFTY 1st Target 26850 STOPLOSS 27100 2nd Target 26450BankNifty Collapse is beginning! It is unable to sustain the support level of 27043. It broken below it and re-tested the level and is moving lower now!
Berger Paints: Sell@ 326, SL above 332, Target 320,318Excellent short opportunity in Berger paint. SImple yet powerful selling structure.
CIPLA: Sell@516 , SL above 551 , Target 430 In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!
NIFTY: Sell @10880, Stop Loss above 11058, Target 10333, 10000 The Market has given us amazing short sell opportunity on the nifty. You can sell Nifty at 10880. Keep the stop loss11058. Target is 10333, 10000. As you can see its more than 1:3 risk reward. Rest of the explanation is given in the video.
Buy Nifty @ 9845 (CMP) with a SL of 9645 and target of 10080NIFTY seems to be following in Channel as shown in Chart, Similarly if you see on RSI similar to trading range there is expanding triangle and recent fall was with higher velocity which brought RSI to over sold zone. So I believe there will be this final up trend rally in NIFTY before we can witness a healthy correction. This Rally should also be as swift as the fall to confirm the final uptrend rally. So I want en-cash on this swift movement but going long on NIFTY.
NIFTY as indicated through arrows has given minimum 5 % returns whenever it has touched the bottom of the channel. So again this supports our view to go long on NIFTY.
