Hello Friend The bearish Marubozu candle signifies the complete control of the sellers on the market. Such is the level of the selling pressure that market participants are willing to sell their stocks or assets at every possible price point in the session. Take High and Low of Candle . Take Position at Close. Target ( Total Length of Candle/2), SL : High of...
Why this Trade..?? 1.Head & Shoulders Pattern(Depth is still Pending) 2.Market Sentiment 3.Trading in a Falling Path 4.Next Support 16690 is yet to reach Buy or Sell based on the Support Break with Volume This Analysis works for sure!!! Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before...
Why this Trade..?? 1. Trading in a falling Channel Buy or Sell based on the Support Break with Volume This Analysis works for sure!!! Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Nifty has been in the parallel channel for quite some time and has completed the 5th Elliot wave. We are likely to see a zig-zag correction where wave A is completed. Wave B is most probably the last bull run we'll see ahead of Diwali. The support line of the parallel channel is likely to be broken and I'm expecting a sharp correction in nifty (wave C) to 17000...
This short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 /...
Stock is in a down trend considerable flag pattern formed overall looks very bearish
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. Bearish Engulfing Potential Sell Signal: Three ways for selling using the Bearish Engulfing Pattern from most...
For the same fractal previously my analysis went wrong, because this wasn't a perfect match. But the current chart shows perfect matching of fractal from the month of May- July matching with mid Nov -present. I my previous post I also mentioned that BTC is bullish so their is a possibility of failure of analysis and that actually happened. In the current...
Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades. ------------------------------------------------------------------------------------------------------------------------------ Pattern Name-Head & Shoulder The pattern forming right at the top- What does indicates? Question - Market Participants Need to...
NSE:BAJAJ_AUTO THE SCRIPT HAVE BEEN IN A GREAT UP TREND CONTINUOUSLY FORMING HH AND HL PATTERN SINCE THE MONTH OF MID-APR. UNTIL A DOUBBLE TOP FORMATION HAPPENED AND IT BROK IT MARKT STRUCTURE OF FORMING HH AND HL AND HAVE FORMED LH ARE WE LOOKING INTO A DOWNTREND START OF THE SCRIPT. ONLY FOR EDUCATIONAL PURPOSE NOT TRADING ADVICE. CHART BY HarmonicTrading™
Strategy explained on the chart.
The Rising Wedge is a Continuous chart bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias. This is just a example of a rising wedge not giving a...
Reason behind falling from the levels drawn
NSE:NIFTY NIFTY is forming a bearish diamond top on the 1 hour chart. The breakdown level is 11,111 for a confirmation. Target: 10822 SL: 11189
All the gaps must be filled properly before any change of trend occurs (Final One being at 8200). Till now the waves have been respected. From next week corrective waves will start forming.
Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a...
Unless the monthly candle manages a close above 15200 this bearish H&S breakdown is suggesting 11500-12000 (Ichimoku support + 62%) and if that gives way then all the way down to 5000. Please don't forget this is a monthly time frame outlook. It can take all the sweet time in the world to get there.