It seems like Gartley pattern formation and a dark cloud candlestick pattern on the charts, which
As per the weekly chart, the trend seems down and it reflects on daily chart too. It has made double top and then retraced back to 1089 levels and now it is ready for the correction wave C. one can wait for correction to 1071 for confirmation to short this stock for the target of 989.
It seems like a bearish cypher pattern and dark cloud candlestick pattern formation right now on charts, that indicates weakness on charts and bearishness. I would be interested in selling the stock in this weak markets and put a strict stop loss 896 with Target 1 at 829.
After a long upward move, now profit booking can be seen and weakness in the price action. It is a good time to short this stock due to strong confirmation of the below mentioned points, 1. Doji candlestick at previous resistance shows weakness 2. AO Over bought area 3. Bearish Cypher Pattern
It is moving within the trend line for a while and now it has touched the resistance trend line, which indicates a reversal. Situation two key points, 1. Overbought AO ( reversal indicator) 2. Bearish Cypher pattern completion at trend line
It is trading in a range bound within a triangle, overall long term trend looks bearish and now it is an good opportunity to short and be with the trend.
The retracement has been done below its intrinsic valuation due to weakness in overall bank sector. I believe this stock is a fast grower and at this valuation it is great buy.
It is at minimum risk in order to get higher reward, SL 2949 and T1 3262 Can take long in small quantity and once the risk shrinks further then can increase the quantity.
It confirms a Bearish Deep Crab Pattern, and now I expect profit booking at this level and the price should hit the first target of 226 and then T2 213. Stoploss should be placed at 247.50. Duration to achieve target 1 is 3-5 days. Good time to short this one.
It seems that the price has come down sharp and a lot. I assume that bottom is very close, at around 1270 levels. It is because: 1. Harmonic for break out (marked in grey arrow) 2. Fibs retracement of 1.618 of A-B move 3. Long-term impulse leg fibs of 61.8 Therefore, 1270-75 is a strong level to buy back this one.
It shows the prices can come down to the level of 1205. It is easy to trade as a positional trader in this one. If it retraces a little bit to 1290-1300 levels then it can be an extremely great opportunity to short this one with Stoploss: 1300 Target: 1205 Duration: 4-7 days
Currently, symmetrical triangle breakout move confirms the down trend as it has also made Lower Highs and Lower Lows (marked in red), which denotes change in trend. MACD is also turns in negative as well as AO. - confirms downtrend too. Therefore, due to above confirmation, I would recommend to short this one for the initial target for 2264 SL2450 and duration...
Looking for a breakout downward as a correction of on-going massive impulse leg. Get your zoom lens cleared, shot opportunity can come in the way.
Completion of Corrective ways, buying can happen to push the prices to 64.
It looks consolidation has arrived and completion of 5 wave motive moves are completed. Profit booking or selling can occur, which will take the price action in south direction. Short: HDFC Bank SL 1090 T1 1032 T2 1001
Currently, price is ranging in a symmetrical triangle of Wave 5 of impulsive leg. Breakout to downward direction will begin correction waves of the said impulse move.
It has reached to the previous resistance level of 66.8715-67.0312, Scenario 1 (dotted red line): if we see a break out from the current resistance then rupee can further depreciate to 68.8579 - 69.1713. Scenario 2 (solid red line): we price action does not break the current resistance at 66.8715-67.0312, then a retracement to 66.0000 can be seen before moving up.
Planning to Short it at price level 708 with stop loss 720, target 660