Sensex
Will reliance break ATH?Reliance after getting huge foreign investments also failed to break high of 1620, and still is trading below the long term bullish trend as you an ins the chart trading below diagonal line, this shows the bearishness of Reliance. Once can short reliance as per the targets mentioned in the charts . Longs only above All time high of 1620.
NIFTY50 | BEARISHOutlook isn't good, Strong correction coming up.
-Head and Shoulders pattern forming.
$Sensex Short Update 13:38:09 (UTC) Fri Jun 5, 2020Open positions for SENSEX, as I continue to look to profit from this economy being in a full-blown recession.
Brightcom a good buy after A retraceThis stock looks like a textbook Inverse H&S pattern. Wait for price to retrace back to the neckline around 5.3-5.45. Target: 7.5-8. Good Luck!
Has #TECHM made first Higher Low? If so, big move ahead possibly - Huge Weekly Supporting Trendline
- After Selling pressure, the stock entered consolidation zone.
- Big volumes came in to this consolidation suggesting that it was accumulation.
- Seems to have made the FIRST HIGHER LOW
- Observing HIGHs & LOWs on lower Time Frame to time the Entry.
- Any dip appears to be a BUY
- Buying here could mean buying at the beginning of new Uptrend.
- After Entry, you could consider trailing Stop Loss With EMAs (I use an EMA rainbow) on a smaller swing time frame (I trade 30 min).
All the best!!
BajajFinserve Simple Technical analysisThere is a Head and shoulder and a Parallel channel breakout together. Both suggesting bearish trend and MACD is on the verge of giving a sell signal
#SBI at monthly support | Breakout on 30min; 2.7R TradeSBI At Strong Monthly Support
Probable to bounce at least
so playing on 30min timeframe trendline break
TATA Motors Price at Trend Line SupportPrice now at Trend line Support
If support hold than price can move really good after breakout above we can see 10% + surge in Price.
let's wait for daily candle to close for confirmation
2R TradeBreak of Falling Edge.
SL is 1 ATR below recent Low.
Buying zone indicated on chart. (Thats important to get the right RR)
Hoping to get bids filled
6R Opportunity; Buy Zone Marked on Chart- Break of Down Trendline (forming a falling wedge in the end) indicating that Selling pressure has subsided.
- RSI showing Double Bullish Divergence is another indication.
- The last gap down opening was filled by a close above it.
- A Retrace to the marked Buy Zone is a buy.
Dredging Corp (BSE: India) forming Cup with handleWith this analysis, we could find that the Dredging Corp is forming Cup with handle and looking for an uptrend with the economy being opening...
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
Positional Trade - APOLLOHOSPITALConsidering the pattern formed on chart, it can be a good positional trade far the target 1400-1420 considering stoploss at 1270.
Could see a surprise Upside thoughToo early to short at current level. Fundamentals are still weak yet market can push higher one more time before the fall.
HUL A STRONG SELL FOR ATLEST 1500Negative divergence in uniliver makes it very weak for holding.
Don’t buy this stock for now .its time for wait and watch till a bottom is formed
2.5R Trade on #COLPAL..30 min. ChartCOLPAL is in uptrend on 30 min. & 2 Hour Time frame.
Here is an opportunity to trade a Falling Wedge
Aurobindo pharma 1:5 RR ratio target 690, Sl 616, Buy at 630 target 690, Sl 616, Buy above 630, to break the flag pattern
[ Reliance Industries LTD ] what's next?The top has formed and the next level I'm eyeing to load my bags is at the mentioned buy region. I'm looking forward for a Inverse H&S to play out. I'll see what happens and update accordingly.
-Kautilya.K
