IndrajitHaridas

IndrajitHaridas

Bought call option at 1.40 for strike price 250, standard cup and handle formation along with momentum shift towards price fall. Expect downfall for at-least 2 days.

IndrajitHaridas

Fall was expected but such steep fall can be accounted to USA elections, demonetization influenza, and recent INDIA-PAKISTAN tension. timesofindia.indiatimes.com None of these situations are going to get better.

IndrajitHaridas

TECHNICAL INDICATORS SUGGEST THE FALL

IndrajitHaridas Updated 

Bearish in nature, stochastic showing fall and so is capital flow. Plus, USA elections are coming up, no matter who leads/win; market anxiety will take it down.

IndrajitHaridas

Short Term Bullish indication.

IndrajitHaridas Updated 

Momentum has shifted to bullish. Axis reported that no customer damage because of hacking.

IndrajitHaridas

Momentum is slowing down. Prices consolidating near tilted resistance. Expect steep short term drop unless a very good news comes up.

IndrajitHaridas Updated 

All the indicators suggest sure shot small term up-rise. Can go for intra-day or probably 1-2 day swing.