Stock is at below MA 199. Seems to be good short opportunity !
The opening candle shows signs of demand due to the wick size and bullish closing. But as price approached the resistance level, it showed no signs of strength, which would show that Banknifty is going to break the level, and so in today's closing, price hovered near the resistance level and closed near that. One of the candles near the resistance is a bearish pin...
LT good for long now. Target 980 SL 908 I am expecting it will get achieved by firday
Stock has given a clear breakdown from a classical rising wedge pattern. Accumulation of sellers in the last three sessions can be clearly seen in the volumes. RSI<60 suggests that buyers' have now lost momentum and sellers could be dominant for few coming sessions. It may retest the above the trendline and then continue the downfall. So wait for the right price...
Rising Wedge Resistance Trend line from 2018 low Trend line from 2020 high for 12400 and 12250 around Fibonacci 78.6 retracement (in general a strong reversal zone) All this makes it a strong Confluence zone RSI is also indicating a reversal is imminent SL is 11377 in closing basis 11120, 11040, 10980, 10860, 10750, 10630, 10570, 10480 are intermediate targets
NSE:UPL UPL limited is forming a good wedge pattern, good stock for midterm(6-9 months). VWMA looks good PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!
NSE:SIEMENS Siemens is forming ascending wedge pattern in 1D view, good stock for midterm. Can expect a decent price hike in the month of Sept/Oct. PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!
A sideways wedge patter is getting formed now in 1D chart view. Can expect the stock to breakout its resistance line of 310 ~ 320 range by 1st week of October.
Nifty closed at a make or break point on Friday. If it breaks down further from here, it looks weak and there is a chance of a strong downward move. Wait for confirmation for any further trend before taking fresh positions.
It looks like it has broken down from the rising channel. Time to go short?
Zeel forming falling wedge on daily chart. Everything mentioned on chart. Possible entry after wedge breakout with volume confirmation. This is my personal view , trade as per your own analysis risk reward.