It would be very adventurous to predict such a move for one of the biggest banks, but it feels very convincing analysis, I just want you guys to keep this analysis in mind while making any bets, rest make your decisions on your points and analysis. The idea here is the completion of the FLAT ABC pattern. I know the chart is messy but I feel the message is...
Wait for the breakout to the downside before shorting. Don't miss the dip to buy as well.. Great stock to keep in portfolio. It will not go straight away to break the top, but that's the cheapest you might get 'infy'
short setup pullback ready to fall
Price action is very important in predicting the future move, don't rush into the trade Last time when I posted the DLF idea it went south. SL hit. For this time the analysis seems nice as wave-c remains to get unfold. Good risk to reward ratio regards
very easy to identify.. as you can see we saw the breakout to the head & shoulder pattern today go short until the last swing low.
:-formation for head & shoulder :-about to break regression trend :-close below 100 MA :- profit target to the previous swing low.
:- Neutral stance as of now, as the move currently not confirm as the c wave is not confirm as it can go more south until 161% retracement. :- but if it breaks to the upside it may form a new leg of the move. :- risky trade( short when close below 100MA book profit at 161.80%) (long when break the trend line to the upside) :- and yes it is also holding middle...
The price significantly came down and has lost some of its momentum..which lead to formation of flag. the flag is bearish is nature and hence market shall continue the fall. short at the break to the downside. At the break downside stop loss will be at 8600.
Trade on either side of the breakout. I feel chart speaks for itself this time.
sometimes we can find the trade among the simplest of analysis. Trade the breakout to the either side, chances are mostly that the breakout should occur on the downside as price is at the top of the regression trend which in the past respected by the price. REGARDS
potential short setup
going good by price action we saw it retraced to point 2..now going to target 3.. go long stop loss below 2.
Trade the break out, after breakout wait for the pullback then buy.. Stoploss below wave 4. fundamentally strong company #INVESTMENT
As we saw rate cut today of which their was (50:50) chances, This short setup seems to be good in risk to reward ratio Divergence in indicator Sell the break out.
short term long trade idea buy above the break of rectangle to be more safe