BRITANNIA (Britannia Industries Ltd) SELL BELOW 3215
CENTURYTEX (Century Textile and Industries Ltd) SELL BELOW 403.5
TVSMOTOR (TVS Motor Company Limited) SELL BELOW 464
BPCL (Bharat Petroleum Corp Ltd) SELL BELOW 517
Bearish Gartley forms upon the 4-hourly chart. On the 1-hourly chart there is a bullish flag or pennant formation, do check before you engage this trade. I will observe closely on the candle formation when market opens on Monday.
GAIL (GAIL (India) Limited) SELL BELOW 134.5
DRREDDY (Dr.Reddy's Laboratories Ltd) SELL BELOW 2746
UJJIVAN (Ujjivan Financial Services Ltd) SELL BELOW 272
ASHOKLEY (Ashok Leyland Ltd) SELL BELOW 76.5
If you didn't believe that the last day of October and before the US Non-Farm Payroll(NFP) there will be movement, well, you aren't alone. I felt the same way too but what I did was to stick to my routine and tada, 4 trade engaged before the midday of the trading hours. An invisible mascot acronym that I use A.P.E, Analyse the Trend, Plan your trade, Execute your orders.
ULTRATECH (UltraTech Cement Ltd) SELL BELOW 4100
JUSTDIAL (Just Dial Ltd) SELL BELOW 595
HDFC (Housing Development Finance Corp Ltd) SELL BELOW 2100
A bearish bat setup for a shorting opportunity. I'm waiting for a restest for a type2 bat pattern. Based on the overall picture, this trade is still a trend trading opportunity.
Having a mixed sentiment on EURUSD across all 3 timeframe traders will have to be careful and precise with their analysis. I'm waiting for a retracement on the 1-hourly chart for a selling opportunity and extend my final target to 4-hourly bullish bat completion. Upon the confirmation of the bat, I will have an extended target to the bearish shark on the daily chart.
I SEE A SMALL BULLISH TREND .. AND THEN WE WAIT FOR THE SELL ZONE.. OR MAYBE A BREAKOUT FOR MORE BULLS ACTION
A great reward:risk for this shark pattern even for the 1st target. Pending order will be set as there is also a rising wedge with rsi divergence. Based on the candle movement in this timeframe, it looks more like a sideways pattern.