As per my reading of chart, one can go short on Reliance now with today's high as stoploss, It's like catching a fall at its peak, RSI divergence,MFI divergence and MACD is also negative
Time to be cautious with SBI, already showing divergence in RSI and MFI, once MACD turns it's slope or for conservative traders turns negative one can go short for a decent fall
Axis Bank on 15 minute chart is a buy with a stop below 715 and for the first target of 735 and 2nd target of 750, once first target is hit then move your stoploss to your cost or conservative traders can book full profit
Go short at the open its a very bearish candle on 15 minutes chart, single candle has broken below the entire EMA channel, stoploss can be the blue line of the EMA channel
Watch out for this counter about to break the EMA channel on the down side
Tata Elxsi can be shorted once MACD becomes negative, RSI and MFI and Bollinger Band shows divergence, aggresive ones can go short righ away with stop loss of 835 for the target of 803 and if it breaks below 800 one can hold shorts for target of 771 since MACD transition from dark green bar to light green bar shows it has already started to turn, someone who...
Short Tata Motors with the stoploss of 172.10 or close above the green line whichever comes first and ride the move 2 nd candle close below the yellow line below crossing down candle low has confirmed the bearish mode
Buy Siemens current setup is bullish it has closed above the EMA channel
Go short on cadila at current level since it has closed below EMA channel on daily charts also if you see on weekly chart it has given breakdown below the wedge
Nifty has formed a rising wedge and it's currently trading near the lower line of the wedge if it breaks this wedge on the downside chances are Nifty will test the levels of 11670 in coming days, however it may also take support at current levels and bounce towards all time high but looking at current global scenario, Nifty is more likely to give move towards downside.
It has given a breakdown below the rising wedgeon daily charts, one can go short on this counter and set targets using Fibonacci levels
It seems like a good time to buy this script as it had given a breakout near "A" zone and now it retraced to EMA channel near "B" point and has shown strength in the last candle as its trading just near the support line around 565, so this counter should be bought on every dip till 565, one can be partially at the current level and add more if it comes down but...
Keep a watch on Yesbank once it gives a close above 78.5 then one can go long with the target of 93
We can see in this setup that price is taking support at 50% Fibonacci level from previous high and also the price is trading above the two EMA channel, once it gives green shoot above Green line of EMA then one can go long or else if it goes below lower EMA line and breaches 38% Fibonacci line on the downside and gives a close there then go short
One can go short in this counter as today on daily chart it has given close below the rising wedge and also giving divergences on MFI,RSI and MACD
one can short this counter at current level and exit this trade when a 15 minute candle gives a close above green line
One can buy SBI at current level with a stoploss when a candle gives close below yellow EMA line