INDUSBANK 15/03/2021 SHORT
1.The stock was trading in a range from a very long time & whenever it as given a breakout it didn't survive.
2.We can clearly see Double top pattern on 1hr time frame.
3.Today on 12/3/2021 market open gapup consolidated for half of the day and then a breakdown following BANKNIFTY and had tested the support of 1014 which is very very strong which this stock has tested more than 5 times making it no doubt weaker.
3.You can see a green trendline which shows downtrend which market is respecting at 1054 by making red candle .
4.On 15 min time frame you can again see a range breakout at 13:15 candle and a bullish doji which didn't affect the trend making another candle red.
5.Levels to note
market may open gap up/gap down in the
upper range (1024 to 1029) and for gap down
expect it below 1013.
6.There is no higher chances of bullish market on 15/3/2021 unless any news arrive
-SHIVAM MISHRA
MGB
2.We can clearly see Double top pattern on 1hr time frame.
3.Today on 12/3/2021 market open gapup consolidated for half of the day and then a breakdown following BANKNIFTY and had tested the support of 1014 which is very very strong which this stock has tested more than 5 times making it no doubt weaker.
3.You can see a green trendline which shows downtrend which market is respecting at 1054 by making red candle .
4.On 15 min time frame you can again see a range breakout at 13:15 candle and a bullish doji which didn't affect the trend making another candle red.
5.Levels to note
market may open gap up/gap down in the
upper range (1024 to 1029) and for gap down
expect it below 1013.
6.There is no higher chances of bullish market on 15/3/2021 unless any news arrive
-SHIVAM MISHRA
MGB
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.