Gail - moving in a Trend Channel

On a daily chart, Gail is moving in trend channel.

for last three days, it has taken support at lower band of channel. One can take position with stop loss of 343 for a target of 380- 390.

Please go through Disclaimer on this blog.

Disclosure : Its safe to assume i have positions in the above said stock.

Nifty Update : Red Candle @ Bollinger Band resistance

A big red candle with shadow touching the upper band of bollinger.

Caution ahead.

Disclosure : I am holding Short positions.

Disclaimer : Pl read the disclaimer mentioned in the blog.

Nifty - still under the shadow of Hanging Man.

Nifty managed to close in a green is an achievement in itself, yet it has not overcomed the shadow of Hanging Man.

A red candle on thursday will confirm the bearishness.

Lets watch closely & stay on our heels.

:)

Disclosure : I am holding short positions in Nifty.

Disclosure as mentioned in this blog.

Nifty - Bearish Candlestick Pattern

Nifty has formed bearish Hanging Man pattern on the daily chart with negative divergence with RSI.

Also, 4798 is a key level & nifty has barely closed above it.

Disclosure : I have short positions in Nifty.

Please go through the disclaimer mentioned else where in this blog.