The price has given the break of structure on the down side. The broken structure indicates a start of a downtrend. But the downtrend will be confirmed on the breakdown of 22,417. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NIFTY50 Update (as on 28th May, 2024) On a Daily TF: - The market is at a precarious spot with signs of a reversal from the trendline - 22775 is a support but it doesn't look a strong enough support zone For your Swing Trades: - Please position size very carefully - Trade the Trend * Disclaimer
CANFINHOMES LTD Key highlights: 💡⚡ ✅On 1 HOUR Time Frame Stock Showing Breakdown of Symmetrical triangle Pattern . ✅Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 680-. ✅Can Go short in this stock by placing a stop loss above 755+.
Today's Marubozu Candle confirms the breakdown of the triangle Pattern. The next important level to consider is 365.
Trend - Negative All details are marked on the chart.
Head and Shoulder #HnS with breakdown has formed in #ABB A clear left shoulder, Head and and right shoulder is formed. break down came in this week below the neckline and the pattern has completed. Let's see if the pattern can show it's effect in coming weeks. PS: This is only for educational purpose
1) bearish market but stock hitting it's life time high 2) sustain it's sentimental resistance 2500 3) no recommendation for buy and sell 4) volume buildings
BankNifty Major Breakdown Banknifty Short Triggered BankNIfty Broke a very Crucial Trendline Support of 1H TimeFrame, indicating a Crashh on its way Targets as follows T1 45661 T2 44651
1. Trend: Bullish 2. Set up: Fresh breakout 3. Breakout: after 5 months consolidation 4. RR is lucrative
JUBLFOOD -1D timeframe: It seems like the channel is broken down, however, there is a 200 DMA which could act as a support. Shorting Opportunity: If 200 DMA is taken away in Daily timeframe Long Opportunity: If the stock comes back into the channel
#Bitcoin Fresh Update: CRYPTOCAP:BTC Ready for Another -25% Dump if $41600 Level not Breakout upward Side. I am Planning to Buy More #BTC around $30,000 I'm Short Term Bearish & Long Term Bullish.
There is Short Sell idea on a positional basis on nifty. Take the trade only when price crosses below the entry and put strict stop Loss. Initial target will be 2x. and we can always trail the target once the 2x is hit. Good Luck Trade Well
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line — the chances of going up look more probable. To go down — we need news flow/event as there is no technical weakness.” 4mts chart link The gap up open today and a...
🚨 Heads up, traders! Nifty has formed a double top pattern right at the peak. While we hesitate to scream "downtrend," signs point to a potential correction. 📊 Technical Breakdown: 1. Initial confirmation with a neckline break. 2. Crucial retest completed for added confirmation. 🎯 Targets & Stoploss? Refer to the chart for specified levels. Brace yourselves...
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “The first target for a trend change will be the breach of the ascending channel top line approx 21530 levels. From a technical analysis perspective, we had the 3 black crows at 14.30 yesterday and the first 2 candles today.“ 4mts chart link We got our first target of 21530 hit today and as soon as the...
TATA Elxsi forms the flag and pole pattern, the market is at a crossroads, presenting traders and investors with both opportunities and risks. A careful analysis of the breakout or breakdown, along with volume confirmation, will be crucial in making informed decisions. Remember, while technical patterns provide valuable insights, it's essential to consider other...
ApolloHopital is in the Parallel channel in the weekly time frame if it break and close below the support, We can see Below Targets very soon.....
HDFCBANK broke down of its 3 year long Ascending triangle with a big red candle and high volumes this week. Can head down if the down momentum continues. Or it could bounce back next week and come back into the triangle to break upwards.