Funny how he didn't say it was his cat that ran over his laptop. Trading would be much easier if the CEO's started giving trading calls before pre-market. A lot of advisory services will shut down xD Anyways the markets are in a downtrend. This is like cutting a falling knife with an ancient sword. If the stock closes below 685 more fall can be expected.
Facts:- 1. Nifty is down 40% from the last high on 14 Feb'20. 2. No confirmation on the timeline of the vaccine for Covid19 yet. 3. Businesses are shut for more than a month now. (Markets are yet to factor in the losses for quarterly reports). Analysis:- In 2008 Nifty fell 30% in 10 Trading sessions (From 9 Jan'08 to 22 Jan'08) then took 10 months to fall...
Sl - 375 Sell at Open Target - 362 & Trail
AAPL Shows vertical potential. Channel break was captured at 200 EMA. The stock has been respecting the EMA since the 1980s. The same can be said for future channel breaks as well. Only if the stock doesn't put a ding in the charts.
If goes below 200 then the first target would be 190/185.
The stock has broken the channel. The appropriate entry should've been the opening of the second candle (ref. 2nd Mar) after the breakout. Going by the observation, we can say that the stock is in a crucial support area. Also, the next support area is 50-80 points below the current levels so we can take a risky short at the current level of 1248 with the stop...
Nifty has the potential/capacity to fall 12% - 15% from the top, given the circumstances. Nifty has fallen only 10% till now. F1-10% Drop F2-15% Drop F3-20% Drop Three levels for nifty to take short term/final support(If there is such thing anymore) at.
The Downtrend here is supported twice by breaking out of the triangle and closing below 200 EMA on a weekly basis. The Stock has a support zone around 290 - 310 levels . The target would be the Support Zone - 1.
The overall bearish trend in the markets (Covid-19) increases the probability of a breakdown from this point. If the stock crosses the support zone/1, then we can see the levels of 630-650 or 2/3. If not (which is less likely), then the stock will be in a short term uptrend towards the resistance area.
MACD CROSSING ABOVE 0 - ALWAYS A GOOD SIGN MA CROSSOVER WEAK OPEN WILL SET UP THE TRADE
Should acutely follow the path Positional Short can be made after the Week Open
No Space left for diagnosing anymore. Same old saying - Go with the Trend!
Breakout - Breakout - Breakout! That's what all Stock market is about now, I guess. Support Levels have been Crucial in the past, can be a Good Bet.
Look for Breakout, whichever way the trend goes - you go !
Short SRTF for the bottom level of the channel Target 1 - Let it touch the lower channel Reversal can be made after Target 1 is achieved for the upper level of channel.