INDIGO – HEAD & SHOULDER PATTERN

There is a Trade setup in Indigo “Interglobe Aviation”. Price has made a Head & Shoulder Pattern on Daily Charts. Major support is at 1155-1160 zone. If Breaks with heavy volumes, then it can retest 980-1000 levels. Current Setup – Sell below 1178 for Target 1160-1155..!! Happy Trading Chart are below for your reference.. !! … Continue reading “INDIGO – HEAD & SHOULDER PATTERN”

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TRADE SETUP – KOTAK MAHINDRA BANK

There is a Trade Setup in Kotak Mahindra Bank to go Short. Price has made a double top Pattern with RSI (14) Negative diversion. Price action has also confirmed the same. Sell below 1002 for Possible Targets of 980-960. Charts are attached below for your reference. LEARNING – Double TOP Pattern / Negative Diversion / … Continue reading “TRADE SETUP – KOTAK MAHINDRA BANK”

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TRADE POSSIBILITY – ” YES BANK “

“TRADE POSSIBILITY – YES BANK” There is a trade opportunity with Yes Bank. After reaching all time high of 1861.. Price has retraced to a low of 1686. Pull back happened and price manage to reach 1819 levels to 76.4 levels of fib retracement. Price action at imp fib retracement level indicates some further downside. … Continue reading “TRADE POSSIBILITY – ” YES BANK “”

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TRADE SETUP – S&P 500 INDEX

Trade setup – S&P 500 Index. Price is consolidating and nicely moving in a triangle. So as of now one can go short below 2459 for Targets 2440-30-20. Wait for Triangle breakout for next move which can either continue the previous up trend or can change the trend to down if price goes below 2400. … Continue reading “TRADE SETUP – S&P 500 INDEX”

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UPDATE – TATA STEEL TRADE SETUP

I have mentioned a trade possibility of Tata Steel as there is a rising wedge + negative diversion. Today Some steel stocks has breakout on the upside like JSW steel.. So now there is another possibility builds up that it might break the upper trendline of the Rising wedge. so now we have 2 possibilities … Continue reading “UPDATE – TATA STEEL TRADE SETUP”

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