PNB is forming a Descending Triangle, look for opportunities as specified on chart.
Entry : 91.5 - 92 Range (Take Stance after getting a strong closing below given range)
Stoploss : 2.5% (Closing Basis)
Basic Target: 89
Optional ways : Derivatives are best case as expiry is just 7days away.
if you have any queries regarding above idea or any other stock...
The weak numbers from auto companies lead to massive selloff in the auto stocks and also auto ancillaries.
Seems the fall would become a bit nimble now.
Below 8750 we may see more weakness towards 8515.
Swing Trade (D, 240)
Price is in overall seller territory from D perspective, we broke the major S & R (green line) and price rejected twice going through that area and left a probe. We turned people into buyers so that we can sell for higher price. On 240 sellers shows an aggressive sign of coming back swiftly challenging the buyers who started this movement. We...
Gravita India has made a triangle breakdown
we may see weakness in next coming days...
target are 75/72/68
SL : 78
Note: Do your own study before making any position...
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It is been observed that the price action is indicating weakness and strong selling pressure at higher prices. It shall further go down from current price action.
Target 1: 235
Target 2: 230
Nifty is showing three strong signals for correction
Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness...
Signal 2 : On weekly charts a Shooting star pattern is forming...
Signal 3 : RSI at weekly charts is highly at overbought zones...
Now for next few days small cap may run and many people will turn...
It is been observed on Weekly and Daily Chart that the price action is forming lower lows and lower highs indicating a bearish move ahead. It has also broken previous support of 840-850 levels. Now, it shall further dip down.
Target 1: 825
Target 2: 800