A complex double zig zag may be coming to an end. A short position can be initiated around 1580-1585, with stop around 1603 for target of 1540/ 1500.
YES Bank broke above the Kumo Cloud on back of Q3 results. The Chikou Span seems to be free. Span A & Span B are also trending up. A long can be initiated with initial and trailing stop loss 0.5 ATR below Kijun Line (Currently at 204.60)
Colgate Palmolive (CMP-1314-1315) seems to be primed for a move towards 1285 & possibly 1250 over next couple of days as long as 1324 holds. Wait for break of 1310 before initiating any trades. All ideas shared for educational purposes only.
Although M&M slipped sharply after its monthly numbers, it is probably tracing a triangle. The upside should be capped for few weeks to recent highs around 814. Downside may extend to 720 (not beyond for few days). Seems good candidate for short strangle. Can also do a broken iron condor by adding a put protection to the downside, should ensure minimal loss if...
Nifty seems to have taken support close to 61.8% retracement level (10526). This rally can extend to 11000/11300. All views expressed for education purposes only.
Short Axis Bank break of 613 Stop 627.25 target 596/580. Can also do a 610-590 bear put spread RR approx 1.7:1. Idea shared for educational purposes only.