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NEW DELHI: The country’s two biggest foods and beverage makers Nestle and Coca-Cola said on Tuesday that they are suspending production on a temporary basis at their plants, with the exception of limited essential products, following the country-wide lockdown amidst the Covid-19 scare.
Nestle, maker of Maggi noodles, Nescafe coffee, Cereal infant cereal, and...
L&T Finance | Short Below 128 | Stop-loss 134 | Target 105 |
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
LT may garner some support for the falling nifty and with help of other stocks can help nifty to gain some momentum on the upper areas tomorrow its expiry weekly so need to keep a close check on such good corrected stocks like reliance axis titan maruti m&m pharma stocks
Expect Bullish Move "If" stock holds in 705-709 zone with strict stops below 695
Sell Below 695 with strict stops above 720
Target - 620 / 630
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Education & Trading Idea
Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down.
When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction...
Mindtree NSE:MINDTREE has been weak since past 3 weeks among the IT pack.
It broke the crucial support at 1100 last week.
Also, there is a Bearish divergence on weekly chart.
Good opportunity to short here with stop loss a few points above 1100 for a target around 930 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an...
After a huge rally that stretched for more than a month, looks like Banknifty has formed a top today.
I can see a Bearish Engulfing candle with a Negative Divergence on Daily chart.
Good opportunity to short here for a target around 27300 levels with a small top loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment...
After making a high around 11080 levels on Thursday, Nifty NSE:NIFTY witnessed heavy selling pressure and could not hold on to 11000 levels.
I can see an Evening Star like formation here with a large Bearish candle.
Sold 11100 calls in the morning as soon as it broke 11000.
There are multiple supports around 10900 and 10700 levels.
However, I think call...
As mentioned in a previous idea on Nifty IT, the index appears to have topped out around 14300 levels and is slowly moving towards 13450.
I think many IT stocks like TCS NSE:TCS have also formed an intermediary top, looking at the large Bearish Candle and classic Evening Star reversal pattern that it formed today.
Good opportunity to go short at these levels...
Profit booking seems to have commenced in Sun TV NSE:SUNTV after good Q4 results.
Also, I can see that it has retraced 61.8% of its previous fall from ~ 1100 levels before starting a downward journey.
Looks like a good shorting opportunity to me with stop loss a few points above 1000 and first target near the 903-915 zone.
Disclaimer: Views expressed here are...
JSW Steel NSE:JSWSTEEL has been very strong and came out with a good set of numbers.
However, it has been struggling around 333 since many days.
Now that the result is out, profit booking seems to have started kicking in.
I can see a divergence here with a large bearish engulfing candle that it formed today.
Good opportunity to go short with a stop loss...