UnknownUnicorn2760954

UnknownUnicorn2760954

Nifty formed a bearish candle from 50% fibonacci level. A short pullback can be expected. Also, the stochastic indicator showed a bearish divergence further showing the possibility of a pullback. Entry: 520 Target: 500/495 Stoploss: 530

UnknownUnicorn2760954

ONGC ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.

UnknownUnicorn2760954

HEROMOTOCO Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.

UnknownUnicorn2760954

NSE:BAJFINANCE BOTH RSI AND STOCHASTIC HAVE GIVEN BEARISH CROSSOVERS FROM OVERBOUGHT ZONES. ALSO EVENING STAR PATTERN HAS BEEN OBSERVED AT THE TOP OF A RALLY.

UnknownUnicorn2760954

Stochastic has given a bearish crossover from the overbought zone. RSI has also given a bearish crossover of 9-day weighted moving average.

UnknownUnicorn2760954

TECHM A bearish divergence has appeared in rsi, stochastic as well as macd indicators.

UnknownUnicorn2760954

Following parameters suggest a short trade: double top formation candlestick pattern-"dark cloud cover" stochastic in overbought zone price hits upper bollinger band