Bearish Double Top - Capital Goods Index - Expect Correction
Straight Double Top Bearish Pattern on Capital Goods Index - Note this is on weekly timeframe
SL for shorts mentioned
All targets on the chart
Expect downside correction of 10 to 20 % over next 5 to 8 weeks
The index consists of 25 stocks - 8 FnO Stocks & 17 Cash Stocks. Constituents are -
FnO Stocks are -
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
SL for shorts mentioned
All targets on the chart
Expect downside correction of 10 to 20 % over next 5 to 8 weeks
The index consists of 25 stocks - 8 FnO Stocks & 17 Cash Stocks. Constituents are -
- ABB India Ltd
- AIA Engineering Ltd
- Bharat Electronics Ltd
- Bharat Forge Ltd
- Bharat Heavy Electricals Ltd
- Carborundum Universal Ltd
- Elgi Equipments Ltd.
- Finolex Cables Ltd
- Graphite India Ltd.
- Grindwell Norton Ltd
- Hindustan Aeronautics Ltd
- Honeywell Automation India Ltd
- KNR Constructions Ltd
- Lakshmi Machine Works Ltd
- Larsen & Toubro Ltd
- Polycab India Ltd
- Praj Industries Ltd
- Schaeffler India Ltd
- Siemens India Ltd
- SKF India Ltd
- Sona BLW Precision Forgings Ltd
- Suzlon Energy Ltd
- Thermax Ltd
- Timken India Ltd.
- V-Guard Industries Ltd
FnO Stocks are -
- ABB India Ltd
- Bharat Electronics Ltd
- Bharat Forge Ltd
- Bharat Heavy Electricals Ltd
- Hindustan Aeronautics Ltd
- Larsen & Toubro Ltd
- Polycab India Ltd
- Siemens India Ltd
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!