The descending triangle is forming on a daily chart which is a bearish pattern. Taking support from the same zone but creating lower highs, support may break in a few days and we can see movement downwards.
Trading below 21 days MA and at 200 days MA, if it breaks 26600 we may see huge fall else it would retest the resistance. Rounding bottom pattern is also forming, need to get the confirmation.
Bata India is trading inside the channel and currently, at Resistance level, we saw Indecision at the top. Bears may take control in the upcoming session. Sell below: 1280 Targets: 1268, 1256, 1244 SL: 1295
BhartiArtl is in bearish trend and if it breaks today's low then we may see these supports soon. Levels mentioned in the chart!!!
Ashok Leyland is following a channel pattern and I saw curve formation too, let me know your thoughts! Happy Trading :)
Rising wedge pattern is forming in PNB, we may see movement downward in coming days. Would like to your view.
Rising wedge pattern is about to break downward, RSI is also giving the confirmation. We may see movement towards dowsside shortly. Let's see in the coming days!
Reliance is following the channel and again it couldn't break the resistance, it may come to the support and they move upwards. I am going to sell below 1101, Targets - 1095, 1089, 1083 SL - 1107 Good Luck, Happy Trading!!!
As I shared an idea a few days back, Nifty couldn't sustain above second resistance and we may see a move towards the downside. Levels we may see are 10625, 10450.
BankBaroda testing its resistance, 200 MA resistance is also there. If it breaks it, would see move upwards else it may test support again. Please share your feedback about this idea.
ICICI bank is following the double arc pattern since long and we may see the same trend in near future. What's your opinion?
Nifty is restricted in the channel since long and following it very diligently. I have marked resistance, looking forward the feedback.
After closing in red for last two days, two BankNifty shown bullish move from it's support and it seems we would see upward move tomorrow. EMA is also giving confirmation, let's see what happen tomorrow. Happy Trading!!!
This is the intraday idea, seeing sell signal in BhartiAirtel. RSI has also given confirmation. Sell below 304, Targets: 301, 298 SL: 307 Happy Trading!!!
Reliance is giving sell signal. Sell below 1096, Targets: 1090, 1085, 1080 SL: 1105
Reliance is making a bullish pattern and I see great opportunity for tomorrow. Buy above 1140, Targets: 1150, 1160 SL: 1130 Happy Trading!!!
Formed indecision candle and saw big dump today. Sell below 628, Targets: 622, 616 SL 234
We are getting both Buy/Sell signals in HDFC bank, please note down the levels and take the trade if it crosses the levels. BUY TARGETS: 2135, 2146 SL: 2115 SELL TARGETS: 2062, 2051 SL: 2082 Happy Trading!!!