MASTEK (W), perfect tripple top formation breakdown happening at 2450 range. Tripple top formation done at 3350 range. Next buying range evolving at 1550 range as tripple top breakdown target plus 200ema (weekly). Invalid if mastek reclaims 2550 plus range.
Tripple Top Pattern Formed At Nifty 50 Daily Chart.
A triple top formation is a bearish pattern since the pattern interrupts an uptrend and results in a trend change to the downside.
Global Signals Huge Down Fall in Stock Mkt soon
*For Education purpose
IIFL recently broke out from the W pattern(Tripple Top) and retested the same levels within a few days. It bounced back from the previous resistance levels and looks like it's gonna reach the all-time high level which is around 440.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before...
Nifty
Consider selling Nifty for target of 17080 / 17030 till expiry
SL : Exit if closing is above 17450
High risk traders may consider buying 30 Sept expiry 17200 Put option currently around 90
The view could be biased because of previous update
Previously had suggested selling 17500 Call option at 100
Overall we now have synthetic short (giving us...
Nifty
On rise, one may look to sell Nifty.
T1 and T2 are highlighted in charts
SL one may keep a SL at 17442 for Nifty
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your...
133.00 is the key resistance which can be seen on Daily chart.
A double top was formed during the past two days trading session.
Price has since trying it's last push higher.
I am anticipating a triple top to form, press the price lower.
My position :
Entry : 132.65
SL : 133.15
TP : 131.90
** This is not a Buy/Sell recommendation **'
** Please do your own...
