Bharat forge broke the support zone in daily timeframe and sellers are controlling the market below support zone till now, We need to wait for any price action sell signal to go short, Don't take trade too early.
KOTAKBANK broke the up trendline and we can see price clearly break near support, now we need clear signal to go short but do not enter before confirm sell signal because Actual trend is up,So we take trade on A+ setup only otherwise we will not take this trade.
Reasons to short:-
1- Trendline Break
2- Divergence Signal
3- Support Break.
We can see clear selling momentum from top,Now we need only price action sell setup to enter,Do not enter early wait for perfect sell signal.For understand and learn how to find or identify perfect entry setups you need to spend more time on chart to become expert.
YESBANK trading in sell zone with LL LH formation,If we see any sell signal below support zone we will look for sell but if price break the upper trendline and price start making HH HL then we look for buy.
ADANIPORT already broke the support zone and trendline with momentum, so this is very good sign for technical trader,For entering into trade we need a price action sell signal.
NZDCHF broke the support with momentum and trendline also break, we can see some good selling from now but always wait for confirm Entry,Do not trade blindly,Do your own research.
There is double bottom and RSI divergence seen on the chart.
Currently a short term trendline is broken on the upside. Some pullback might be seen for retest.
If this Bat plays, we may get 348 and 360 on this stock.
Technically the bat will be active above 344.
This idea is aggressive, proactive and involves risks so apply your own due diligence before ...
Often we see situations like above chart where it is difficult to decide which trendline is correctly drawn. Truly no one can actually tell which trendline is more correct than the other. And Is it the break of AB or AC or DE which should be considered to take the trade?
When ever there is such a situation, it is wiser to give secondary importance to these TLs . ...
APOLLOHOSP has demonstrated positive RSI divergence on daily chart along with downward-sloping trendline breakout. Price to accelerate upwards once RSI crosses 50 level. Expect short-term target level of 1050-1060.
Uptrend line not broken during down legs;
After much effort close above downtrend line;
BB SMA crossing above 55 EMA;
Price taking support at MAs and trending higher;
Anticipating an up move above 9930
Notes on the chart.
9970 and 9982 are the two other numbers to watch out for.
Trade Safe, stay healthy.
Hit like if this information is useful.
Regards
Bravetotrade
