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Weakness

BAJAJ FINANCE - Extending the Pain..!BAJAJ FINANCE , amongst the favorite counters to initiate a trade on the long side is seeing a different scenario now. With the 21-day lockdown, consumption has slowed down considerably, and discretionary buying is out of sight. With the economy now slowing down even further, the earlier growth rate is hard to achieve.The stock is having one of the most challenging phase and the bearishness is expected to continue lower as can be seen from the descending triangle breakdown that has emerged on Friday. The break has been with a long body candle beyond the support region. Further the momentum setup is indicating a resumption of bearish momentum highlighting the intensity of decline.
NSE:BAJFINANCEShort
by Raja_Chart_Advise
PnB : Postitional ShortPNB 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 feel free to D'M Announcement : Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs . Make sure! you signup before 19th April-19, we've a gift for you & sign up is totally Free! Here are some of them:- Trade assisting Tech Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:PNB
by TruStox
LTCBTC Short 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 didn't make an HH or LL between 0.0093 and 0.0078 so, we can anticipate a Range. So, I anticipate that price can hit the recent Support 0.0078, we have much room to do this sell. We have BTC strength in our favour so, Short can go well. Reason for SL above 0.01 is that price can move up to that area because they are making HH on 240 and looks so desperate and I anticipate that they have weakened their power. Proper Risk management should be taken as below. Entry: 0.009299 TP: 0.0078 Stop loss: 0.01 Position Size: 1% Risk on your capital/350.5 Risk/Reward: 1:2 So, HH RR. If TP is hit then we will be at 16% profit. Buy from Sellers and Sell from Buyers.
Short
by ReddyShyamShankar
Caution : Negative Divergance on daily charts of Nifty 50...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 bullish & will enter at higher price and may face losses... Be cautious... Do your on study before making any positions... Please Like, Follow and Comment (Share your views in comment section)...
NSE:NIFTYShort
by MrAkshatP
5