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HAL- Hindustan Aeronautics - Weak structure NSE:HAL Looks very weak in all higher time frames. 1] At Monthly time frame it is a clear Bearish engulfing pattern. 2] At Weekly time frame it is having a head and shoulder pattern. 3] At Daily time frame it is clearly completed a head and shoulder pattern. The volumes are dried during the phase of H&S and started to pick heavily during down days. 4] Neckline is placed at 2300 a clear break down with heavy volume is a must for a Short entry or retest with low volume to neck line after a break down is another low risk entry opportunity. 5] Usually the targets in such pattern is the difference to neckline, in this case it 420 points or 1900. Interestingly the NSE:HAL chart has meaning full support only at 1900. Good Luck
NSE:HALShort
by Vasu_devan
Google Short IdeaThis is a hypothetical short position on Google. The basis for this is that Google, despite being pioneers in AI and search have fundamentally been blind sighted by chatGPT and could legitimately go to zero (although it's more likely is a rebound ~68). Here we have 3 positions. The first is OTM PUTS just below S1 which should be short dated or put calendar spreads used for extra leverage. The second is short the shares @market price, with a 2 year leap call @ 100 and CSP leap @ 75. The goal here is to be hedged in such a way as to give someone flexibility to exit the short by being covered via the short put and the 100 call, as well as the ability to double down via short dated puts. It should also ideally give someone the ability to transition into a synthetic long, if done right.
NASDAQ:GOOGLShort
by livingdracula
1
LULU re-test and dip below $300 likely on the way very soon...USING HEIKIN-ASHI CANDLES on the DAILY CHART - Heavy selloff after earnings on December 8, 2022 - changing short-term technical sentiment from bullish to bearish, and long-term technical sentiment from bullish to neutral. - Broke below key trendline on December 14, 2022 with bearish signal courtesy of Lux Algo. - Dipped and closed below Trend Regularity Adaptive Moving Average Line - a.k.a. the yellow line in the chart screenshot - with force on December 19, 2022 - changing short-term technical sentiment from bearish to very bearish, and long-term technical sentiment from neutral to bearish. - Relative Strength Index close to convergence at 40% , which could act as additional resistance. - Double Top rejection below the Trend Regularity Adaptive Moving Average Line , which provided a strong confirmation for short trade entry and stop loss (above TRAMA line at $321) . Exit target for profit-taking: - $300 (whole number general buyer reaction anticipated) - $277.5 (current swing low)
NASDAQ:LULUShort
by remysylvan
NYKAA Next support is 38% awayNykaa 1. Lower High lower Low Structure 2. This week broke previous support @ 162.50 levels 3. Trading in Un-charted territory 4. Further support can be derived with the help of Fibonacci. 5. Plotted Fibonacci Extension connecting swing high of 428.95 and 315.45 and swing low of 203.15. 6. Fibonacci giving us the next support @ 89.65, which is 38% below the current Price. 7. Structure is super weak, plus the market overall is also weak, hence anything is possible. 8. Keep stock on the radar, and track price action to see if it forms any support in between the current price and Fibonacci support. 9. Don't bottom phish this stock as it has its IPO Price with Huge Volume, and the same levels would now act as strong Resistance 10. Resistance: 180-190, support at 100-90
NSE:NYKAAShort
by manuagarwal21