FWB:NSE : BRITANNIA looks weaker by observations, A minor pullback may be observed however less feasibility to be sustained. The last lower point is already taken out
Sharing my observations on the stock 1. Has been bullish for long 2. formed a slanted HNS, what does it say? reversal of the trend maybe 3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now? 4. the higher lows still continuing so could not say a real bearish trend or reversal. 5. ready to initiate a short one...
NSE:BATAINDIA seems week for upcoming days and ready to make lower lows.
A sell on the rise till 580 for the good downside.
The trendline break is already confirmed ( by break of candle and Bollinger band )
Stock NSE:ESCORTS seems consolidating since long in a range
at a crutial junction where one can seek possibilities to go long
taking multiple supports, will be good to long now at CMP
NSE:ZEEL is showing weakness after bearish H&S pattern formation and breakdown below last swing low .
on chart. will update once triggers for trade.
BB Blast indicating a steady up-move in next sessions trade opportunity above 692 protected by 684 for the targets of 714/725.
Exp on chart 👆🚩 looking similar pattern on BhandhanBank and Infy as well🚩
SRTRANSFIN looks bearish, once can go short for the open targets below 1270.
Bharti Airtail is showing a promising upside movement in upcoming days.
BPCL can be traded for long 425+/419 for the targets for 434/440.🚀
attempt to apply simple dow theory analysis and predict the line of fear
Rounding top pattern with a clear resitance invites for sell.