Why am I bearish on IndusTowerHey, check out the trade setup for Industower
All 3 parameters are matched for a short trade.
Trade setup in Futures
Short : 193.10
Stoploss : 201
Target : 170 and 163
Options Trade
Bear Spread
Buy 29Sep2022 195PE
Sell 29Sep2022 190PE
Max. Profit: ₹ +7,280
Max. Loss: ₹ -6,720
Volatility
BEARISH: PFCThe stock can see a significant correction
1. The stock is rebounding from a resistance line from which previous rally has seen correction
2. The stock is on the verge of breaking a support line
3. The stock is breaking down the bollinger band and possibly ending a consolidation which was happening over the past couple of weeks
All analysis if only for educational purpose.
PEL DAILYPel giving breakout on downtrend line and Bollinger bands, gaining good volumes too
Cause of Long
1- Downtrend line breakout
2- Bollinger band breakout
3- Seems good volumes
ATUL LTD BREAKOUT WITH VOULUMES Atul limited given a breakout on falling resistance and seems a big jump in volumes so it can be called a breakout on volume indicator, and breakout with volumes on falling trendline too. And it breaks the upper band of Bollinger indicator that's why i took only upper band of Bollinger bands indicator..
Cause of Long-:
1- Falling trendline resistance breakout.
2- Volume indicator breakout.
3- Bollinger bands breakout.
MAHINDRA CIE AUTO WEEKLY BREAKOUT Potential breakout in Mahindra cie auto on strong trendline above closing and on volatility indicator too although markets global markets are down as of now i am publishing this but this is an example og coming good up move from these levels
CAUSE OF BUY
1- Broken strong resistance and close above
2- Volatility breakout too
Consolidation in UptrendLevel to watch out : 10500
High accumulation followed by low volume consolidation
Analysis: Resistance Zone in CHOLAFINAnalysis :
- The stock at resistance zone as mentioned through blue trendline in chart.
- It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation.
- Other factor are price above all moving key average.
Trade Idea :
a) Long : Trendline with volume b) Short : Entry will be violation of EMA 21 i.e. Rs 655
Target and Stop Loss as price action and risk management.
Disclaimer : The market is violate, trade cautiously with proper risk management
RSI divergence of HH-LL






















