NSE:INFRATEL Infratel showing no demand for higher prices on 2H chart and rejecting from higher levels. Its also tested 21MA and shown good rejection from there too. And now trading well below it. I will be looking for short this below 203 2H candle closing basis with SL of 218. This view is for short term (2-3 days) swing trade and intraday.
Looks good so far, i'm expecting this to go till the sell region and retrace 38.2%. - AB=CD Pattern identified in chart.
Instrument: INFRATEL Time frame: 3 hours indicators: Stochastics: bearish PSAR: bearish My analysis: CMP: 152.75 Expecting INFRATEL to gap down / sink to 145 - 143.70 on Monday. Once it starts retracing back upwards would like to buy above 143.70 to 145 keeping the SL below the low of the day for target 153.75 RISK DISCLOSURE: Technical analysis of FOREX...
Stock: Infratel Reason: Assuming Bearish Breakdown Cmp: 242.60 {Close} Short Below 237 Exp. Targets: 230-223- SL:243{Once Sell Triggered} Date of View: 06-Jan-2020 23:50
INFRATEL (Bharti Infratel Ltd) SELL BELOW 223.5
INFRATEL (Bharti Infratel Ltd) BUY 222
INFRATEL (Bharti Infratel Ltd) BUY ABOVE 204
As you can see Arrow1 it can be a flag formation. Condition for that flag formation is price should not break 294.05. Great Volume on Arrow3 may be suggest reversal trend or may be situation can be same as shown by Arrow2 .(Great volume = smart money generally) For short sell around 276.70 (SL 281) , First Target 266 Second Target 250.......
i am bullish on infratel and see upside target 500 510 strict sl 410
This stock was in falling channel from 2015 before finally turning the trend after bottom in early this year, after price broke out of the falling channel of two years stock price started inverted H&S pattern. This week's closing candle closed above the neckline briefly and setting the target to 490 level to the upside from current level of 404 per share. This is...