Hardik2608

Hardik2608

RELIANCE forming a bearish structure. Although making a symmetrical triangle pattern but very likely to break it on the downside. As showing RSI divergence on multiple time frames even on weekly and daily Also Structure has started making Lower Highs So,short @2235-2240 levels with a SL of 2270-2280 for big Targets of 2170 and if breaks 2165 it will move towards 2050

Hardik2608

NIFTY is making LOWER HIGH LOWER LOW structure . At 11450 -11500 there is a major supply zone and nifty is coming to that level for the first time so it is very likely to face resistance. Also before starting a new leg of downtrend the big players might show a false breakout from the trendline which was also observed before the last leg of fall from 11600-10800...

Hardik2608

In today's session RELIANCE gave a breakdown from a RISING WEDGE SELL on RETRACEMENT or if goes below 2225. TARGET-2200 It will be better to wait for retracement as it will give a good RR ratio Moreover it is likely to face selling pressure from the moment market opens tomorrow.

Hardik2608

AIRTEL showing proper downtrend . As soon as it touches 412 it will complete the ROUNDING TOP pattern as well, which will add to its bearishness Rest Everything is on the charts SO GO SHORT on AIRTEL positionally @ CMP for big targets SL-450

Hardik2608

MARICO gave a range breakdown and in yesterday's session the earlier support of the range acted as strong resistance completing the retracement. Also it showed a false breakout trapping many longs justified by follow up volumes So go SHORT on MARICO

Hardik2608

NIFTY likely to hold 11000 for few weeks Final Target -11400 BIG Players won't give easy money to the bears just by shorting @11200 Without some short covering rallies on the upside the markets aren't likely to fall. Same was observed in the month of February

Hardik2608

Bearish Pennant Pattern spotted in Bandhan Bank SELL @ CMP SL-274 TARGET-230 Rest all is on the charts

Hardik2608

Double top Pattern Spotted in Tata Motors Broke the Neckline with Volumes RSI Divergence also observed So go short on tata motors

Hardik2608

HEAD & SHOULDER pattern

Hardik2608

Yesterday Nifty gave a breakout above 11600. But in today's session the breakout got fizzled out. And whenever a breakout fails the structure becomes weak and tends to fall more sharply. Also Nifty gave a breakdown from a Rising Wedge channel with a large candle. It has also done its retracement . So go short on Nifty Market stance has changed from Buy on dips...

Hardik2608

NIFTY broke multiple trend lines today and also retested them. Most likely to fall up to 11320-11300 levels. If weakens further may fall up to the trend line from which it gave the falling wedge breakout. This will also retest the trend line. RSI is also weak so look for shorting opportunities for few sessions .Weakness may continue up to Wednesday and we may see...

Hardik2608

AIRTEL has become a weak stock with time . Multiple reasons to short 1) ROUNDING TOP PATTERN IN MAKING 2) GAVE A FALSE BREAKOUT. (After a failed breakout stock falls very fast) 3) RSI also showing weakness Short on any bounce upto 508 (above 508 only it will start showing some strength) for a target of 480

Hardik2608

NIFTY gave a breakout today from a falling wedge pattern. It has to retest the trend line to attain a bullish structure. Along with this it will complete its inverted Head & Shoulder pattern to start another 250-300 point rally on the upside.RSI also showing divergence indicating some sort of weakness. So short at cmp for a target of 11300 with a small SL . Also a...

Hardik2608

Something like this

Hardik2608

HPCL today broke a trendline , A channel and a major support of 200. Also it has retested all three trendline, channel and 200 mark. So multiple reasons to short with a target of 188-190 with a SL of 202

Hardik2608

Bearish Pennant Pattern Spotted in Bank nifty after yesterday's fall and today's consolidation making lower highs and higher lows In daily time frame also it has formed a halt candle . Look for sideways or downtrend market .

Hardik2608

BANK NIFTY gave a HEAD & SHOULDER Pattern breakdown Heading towards its major support 19500.

Hardik2608

Nifty broke its trendline on 27 JULY and Retracement was done on 29 July RSI also showing Weakness Moreover it has to Retest its 200SMA placed@10850 levels So Downward Bias!!!