RUDRA007

RUDRA007

BANK NIFTY SPOT CMP 36000 BEARISH ABCD PATTERN FORMATION Good short candidate,,,

RUDRA007

NIFTY SPOT 15050 Bearish bat pattern formation ,, Good short candidate

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NALCO SPOT CMP 60 MONTHLY HEAD AND SHOULDER PATTERN FORMATION CURRENTLY COUNTER IS TRADING IN RIGHT SHOULDER FORMATION If unable to cross 64 levels and sustain above this levels can fall to levels of 45-35-25 Can be sold in range 60-64, view get negated above 65 on daily closing basis.. Good short candidate

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NIFTY SPOT 15150 GOOD SHORT CANDIDATE Bearish bat pattern formation prz around 15150-15175 slz levels 15222 down side 15000-14900-14800 possible

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ZEE SPOT CMP 230 COUNTER HAVE SUPPLY LINE RESISTANCE AROUND 250 LEVELS CAN GO SHORT AT CMP ALSO ADD SHORT AROUND 250 LEVELS STOPLOSS 260 ON CLOSING BASIS.. TARGETS 160-140 LEVELS

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Bajaj auto spot cmp 4230 Counter is giving sign of distribution in range of 4215 to 4265 Short sell can be done in this range with stoploss of 4270 on hourly closing basis. Down side counter can fall to levels of 4000-3800-3650,, Breakdown below 4215 on closing basis is mandatory... Good short candidate..

RUDRA007 Updated 

Maruti spot cmp 7460 Rising channel breakdown from demand line,, and now retest around 7800 levels. Head and shoulder pattern formation,, right shoulder might complete around 7800 levels,, Neckline of head and shoulder pattern around 7180-7240 levels,, Good short candidate around 7800-7900 levels,, which would be completion of right shoulder for the pattern,, or...

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Balkrishna inds spot cmp 1730 Good to go short in range of resistance range,, stoploss of the trade will be any close above the breakdown level on closing basis... 1790 would be levels for stoploss,, down side counter can fall to levels of1590-1610..

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TATA STEEL SPOT CMP 705 Counter have formed upthrust candle as per price action around 716 level with higher volume than anchor point,, Indicate reversal in trend,, counter can be sold below 700 levels once sustain below this levels for 15 mins.. or second probability is counter can be sold on rally around 714 to 717 levels.. stoploss for this trade will be 725...

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ASHOK LEY SPOT CMP 131 BEARISH CYPHER HARMONIC PATTERN FORMATION PRZ IN RANGE :- 136-140 RANGE SLZ ZONE :- 144 ON CLOSING BASIS Counter is forming bearish harmonic pattern formation on weekly time frame,, go to go short in this range of prz,, with stoploss above 144 weekly RSI have made divergence in last to swing peak and on verge to break trend line support,,,...

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Nifty spot cmp 15400 Elliot wave study :- Impulse phase is on verge to mature,, wave 1 is smallest wave of 1235 points, 12% wave 2 is retracement wave ,,have retraced around 0.382% of wave 1 wave 3 is strongest and longest wave of 3175 points,28% wave 4 is retracement wave,, have retraced around 0.382% of wave 3 wave 5 is smaller than wave 3 and bigger than...

RUDRA007 Updated 

Drreddy spot cmp 4630 Falling Trendline demand zone around 4585 to 4610 levels Inside candle breakout and reversal seen in counter.. RSI giving breakout from contraction zone,, Good long candidate in the give range view gets violated below 4560 on closing basis.. Can move much higher levels..

RUDRA007 Updated 

Bank nifty spot cmp 36930 Descending triangle formation on 15 min tf,, Rising demand line support around today low 36700 Once break and sustain below this levels can fall to levels of 36225-35880-35600 Small rise till levels of 37000-37080 where there is supply channel of descending triangle pattern.. from there reversal can be seen. View gets violated above...

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Grasim spot cmp 1220 On verge to breakdown nearest support levels.. below this levels if manages to sustain below 1220 levels for 30mins can fall to levels of 1175-1150-1125-1100 View gets negated above 1250 on hourly closing basis..

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Hdfc bank spot cmp 1575 Previously shared study to go short around 1610 levels with stoploss of 1625 ,, Counter was not able to sustain above 1625 levels,, and now have started falling,, Double top pattern formation on hourly time frame,, Neckline for the pattern is around 1560-1565 levels,, Once break below 1560 levels more shorts can be added for down side...

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Reliance spot cmp 2030 Reliance we recommended buying around 1830-1840 levels for targets of 2050,, counter is trading around same levels,, now counter is trading around the resistance zone,, can be good short candidate till its below 2060,, if unable to cross 2060 or sustain above 2060 levels can again fall to levels of 1950-1900-1850, Below 1800 if give 2...

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JINDAL STEEL SPOT CMP 317 BEARISH SHARK PATTERN FORMATION TIME FRAME WEEKLY PRZ zone :- 315-325 SLZ zone :- 336 on hourly closing basis Targets :- 260-240-220-200 possible..

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EICHER MOTOR SPOT CMP 2920 Bearish shark pattern formation PRZ in range :- 3000-3050 pattern violation above :- 3100 on daily closing basis Counter have given reversal from perfect reversal zone,, RSI making bearish divergence,, good short candidate,, down side 2700-2600-2500 possible..