Sell Tata Steel Near Supply Zone ~111.50, With Stop ~ 113, Target ~ 95
Nifty Daily Chart Showing Weakness Short Near ~ 18450, 18470, With Stop ~ 18580, Target ~ 17500, 17800 Expected Target Jan Expiry.
JK Cement ~ 3095 Level Act As Hidden Resistance Near ~ 78% Fibonacci Retracement, Sell With Stop ~ 3140, Target ~ 2900, Dec Expiry.
Short Bank Nifty ~ 43219, Stop ~ 43600, Target ~ 42000 Dec Expiry.
Nifty Faces Strong Resistance Near 17400 And Unable To Break Previous Candle's High. This Type Of Pattern Indicates A Trend Reversal And A Bearish Rally Is Seen Thereafter. Short Nifty ~ 17266, With Stop ~ 17430, Target ~ 16800, 16525 Positional Trade Setup.
Dark Cloud Cover Is A Candlestick Pattern That Shows A Shift In Momentum To The Downside Following A Price Rise. The Pattern Is Composed Of A Bearish Candle That Opens Above But Then Closes Below The Midpoint Of The Prior Bullish Candle. Buy Polycab Above ~ 2245 With Stop ~ 2150, Target ~ 2550, 2650, Short Term Trade.
A Pennant Pattern Is A Continuation Chart Pattern, Seen When A Security Experiences A Large Upward Or Downward Movement, Followed By A Brief Consolidation, Before Continuing To Move In The Same Direction. Buy Above ~ 2270, Wait For 15 Minutes Closing Basis With Stop ~ 2190, Target ~ 2380, 2550 Short Term Trade Setup.
The Strategy Aims To Generate Long-Term / Short-Term Positions When The Price Breaks Outside Of An Established Trading Channel. When The Price Breaks Out Of The Upper Or Lower Line, It Signals That A New Directional Move Has Started – Up Or Down. Buy ~ 3165, Stop ~ 3050, Target ~ 3350, 3400
Reliance Make Multiple Attempts To Break ~ 2680 In Few Day's But Unable To Close Above Resistance, Short With Stop ~ 2705, Target ~ 2550. Trade Nature ~ Short Term Trade Setup.
Asian Paints Short On Rise With Stop ~ 2905, Target ~ 2650, Short Term Trade.