Current level can be a short entry point will a small position size. But 14600 looks to be a better zone as 14800 is the nearby resistance.
Bear Flag Formation (wait for confirmation) T1: 1080 T2: 930 Might be a slow move. Stock trading below 200 Day MA.
Stop loss looks strong, moment need to kick in.
In the coming week short opportunities with tight stop loss can be tried.
1650-1700 regions can be tested.. the same might act as a profit booking region as well..
Looks convincing. Might not be a easy one to play out.
1. Trend line break and retest 2. Took support in 20 Simple Moving Average 3. GAP to be filled as 4. Logical stop loss with a trend line support
If there is weakness in the market opening and if there is rejection around 1200, short trade can be tried. Idea valid only for 22nd Jan 2021.
1700 could be a potential target
Looks to be a high probability trade.
Futures OI is in decrease while price are going up, indicates short covering. But soon we can see long build up.
Rejection from previous support trendline
There is also minor W pattern formed.
After pull back 17000 looks possible