Failed Breakout Double Top Strong support near 384
Signals: 1) Price Rejection at highs 2) Continuous Retest of support near 747 3) Possibility of break of weekly pivot
1) Cup and Holder Pattern 2) Moving Averages lined up nicely to the base 3) Nifty IT extremely strong
Trade Idea: Short Equitas below 127.5 Signals: 1) Head and Shoulder on the Daily with neck-line at 127.5-128 2) Strong move lower of 4.5% creating a dark cloud candle 3) Moving Averages above the head of the candle and not too extended For educational Purpose Only
Trade Idea: Short Jindal Steel below 174.5 Signals: 1) Price Rejection on break of highs 2) Swift move lower after testing new highs 3) Threatening to break pivot at 175 4) Moving Averages lined up to the head of the candle For education purpose only
Signals: 1. Strong support at 50.5 which if broken promises a swift move lower 2. Descending WEDGE
Opportunity to go short @ 11200 with a channel play *For Education purpose only