IT Index NSE:CNXIT has been moving sideways for past few days.
With election results also out, there is hardly any indication that the correction in IT is over.
KPIT has been struggling around 265 levels.
I can see a Negative Divergence and a couple of bearish candles around the top.
Looking for shorting opportunities in this stock with a stop loss near...
Nifty and Banknifty have formed a shooting star pattern today after Karnataka Election Results which may indicate trend reversal.
I am looking for shorting opportunities in relatively weak private sector banks like ICICI NSE:ICICIBANK and Axis NSE:AXISBANK who came up with bad results but have gone up significantly.
Here I see a Bearish candle around 50%...
NSE:DIVISLAB This stock is very volatile and has had a couple of wild runs ... (so one needs to be careful.)
The stock has also completely recovered from its February lows and made a higher high.
However, I can see a divergence here with an evening star pattern at the top.
Good shorting opportunity here with Stop loss of a few points above the recent highs...
IndusInd bank NSE:INDUSINDBK has been struggling at 1900 levels for past few days and looks like Bulls seem to be exhausted, unable to get it past this crucial resistance.
With Nifty Private Bank Index also closing at a crucial level today, a big movement from here seems inevitable.
I can see a Negative Divergence on Daily chart with price consolidating near...
Jubilant Foodworks NSE:JUBLFOOD has had a massive rally since June last year and came up with a strong set of numbers 2 days ago.
However, it is still going down which is a sign that the stock has run up too far and now Investors have started booking profits.
With a Negative Divergence and a Bearish Engulfing candle at the top, the stock presents a nice...
The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck
AMP has been in accumulation mode for some while. Only a matter of time before it starts in parabolic journey back to its Initial Coin Offering price of 45k.
There is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.
The pattern is self explanatory one can short now with small stop loss and take the ride till the lower level or whenever feels it is good profit. Risk to reward could be good.
