ITC is trading at the strong support level and it will eventually break down and will see downward movement. Beautiful pattern has been formed. This type of trading opportunity comes once in a month. Stay short
Sell Below 296.50 target = 295.50, 294. SL = 298
Value area is shrinking as the trend goes upward while taking support. Downward patterns are made with long bearish candle supporting with heavy volume
Sell Below 2128 target = 2118, 2108 SL = 2136
Buy above 2144 Target = 2157, 2160, SL = 2133
Stock made doji and gravestone doji pattern at downtrend also able to survive above fibonacci retracement level.
Note : Not a single indicator is supporting for long trade. Very risky trade
Buy above 592 Target = 596, 599 SL = 588(Only for risky traders)
Sell Below 588 target = 584, 581 SL = 592
As you can see candles are respecting the median line of the pitch fork. On last traded day, deliveries was 58% only, which are not enough to change the trend or vice versa. Buy and Sell according to the calculation given by me.
"Be ready for heavy bloodshed, there is no support or no stock to hold the nifty upward. We may encounter huge gap down tomorrow. Large quantity has been traded through dark pool after market hours"
Short below 11282, Target 1 = 11220 Target 2 = 11180 Target 3 = open with 3 rupees trailing stop-loss.
STOP-LOSS = 11310
Metal sector is heavily affected by the conflict between US-CHINA. Demand of metal has been heavily dropped in china. And we can't see any upward move for this sector until and unless everything is sorted. Short Tata steel as it is moving towards strong support and no chance for getting upward. #Illuminati
Market is expensive right now, Until the election result is declared it will go down and there are only few stocks holding the nifty higher and they are also trading at their high so at some point they will go down and nifty will find its bottom.