Learning to catch High Probability Breakouts

Status
Not open for further replies.

indianbank

Well-Known Member
Hi friends good evening as always...

I am just analyzing market trends using Woodie cci pattern....
Below is Nifty50 weekly chart


This Weekly Nifty chart shows clear weakness, called zero line reject in terms of woodie cci pattern...
most of the global markets also showing weakness in woodie pattern..(you can use ur own charting software)
 
I will surely short this ..

TVSmotors daily

short upto 305 I hope 310.311 is difficult.
3 touch points to upper trend line.. and reversal.. rings a bell !

though may not be a big trade.. 276..262 not impossible !



Imp lvls as [er my view markered on chart...... I am sure its a bear.
 
hdfc britannia and ashok sun pharma..worth looking at
ashokleyland

daily... I don't feel like a long.



I dunno 76.4 will come or not. sell upto 92.60 or below 89
for my convenience s/l may be at 94.3/94.4 ( added more convenience s/l on closing basis).

It will fall for sure.....
its my study not a buy/sell recommendation .

actually after TVSMOTORS and ASHOK may be, we need to check auto sector stocks chart.. these two charts indicating weakness is coming. may be in line the rest of... AUTO !?
 
This is another chart from AUTO sector

Tatamotors daily



looks like a perfect reversal.
bearish reversal candle.
390 can be eyed which is not far.
selling may be happen till 415/16
below 380/81... trend is not Bullish. !

s/l I really don't know..
this chart I looked into just because of 2 other bearish stocks from same sector..

Plz always remember my study is always for short term trade... or very short term trade !
 
Status
Not open for further replies.

Similar threads