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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