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Bearish Patterns

AXIS BANK DOUBLE TOP UNDER FORMATION AND NEAR BREAKDOWN Axis Bank Ltd. Double top or Trendline and consolidation breakdown to keep on radar Will it survive and sustain above its support ? or Will it Breakdown and slide further down Lets see how it evolves further Other points of consideration are 1. RSI on daily taking support at 40 levels 2. Narrowing Bollinger bands forming a rectangular consolidation on daily charts with price trading near lower Bollinger Bands 3. Price slide below lower bands and RSI sliding below 40 on daily chart will make the stock further weak Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:AXISBANKShort
by rajivrajeev
ABFRL consolidation breakdown to keep on radarAditya Birla Fashion and Retail Ltd. another consolidation breakdown to keep on radar 1. Price made false / failed breakout of the consolidation zone earlier 2. Price now made a consolidation breakdown on weekly chart 3. RSI on daily chart below 40 4. Double top visible on charts 5. Cypher Pattern under formation on weekly chart Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:ABFRLShort
by rajivrajeev
M_MFIN WEAKER CHART STRUCTURE LETS SEE HOW IT SUSTAINSMahindra & Mahindra Financial Services Ltd. an interesting stock with weak chart structure 1. RSI on daily slipped below 40 2. Big Anchor Red Candled formed on the chart with price trading below major moving averages Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix
NSE:M_MFINShort
by rajivrajeev
Industower - Few things happening hereIndustower is currently exhibiting a bearish trend with several concerning signals: a fake breakout, a bearish flag breakdown, and the formation of lower highs. Traders should be cautious as these indicators suggest a potential continuation of the downtrend. The fake breakout implies that the recent upward move lacked genuine strength, while the bearish flag breakdown reinforces the bearish sentiment. Additionally, the pattern of lower highs signals weakening bullish momentum. However, if the stock moves above 440, this bearish view could be invalidated, indicating a potential reversal or strengthening of the bullish trend. Monitoring these factors closely and adjusting strategies accordingly will be crucial.
NSE:INDUSTOWER
by TradePatternsLikePro
TechM looks like Head and shoulder in formation!This chart presents a classic Head and Shoulders scenario, which traders should watch closely for confirmation. If the right shoulder forms and the price breaks below the neckline, it could signal the start of a bearish trend, providing an opportunity for short sellers. On the other hand, if the price breaks out above the current resistance, the bullish trend could continue. In essence, traders should be prepared for both outcomes by monitoring price action around the neckline and key resistance levels while also factoring in volume and other indicators to confirm the pattern's validity.
NSE:TECHM
by TradePatternsLikePro
Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
NSE:NIFTY
by Nimble_Pesos
TIA/USDT 80% down from My Analysis#Celestia (TIA/USDT) Profit Update: I alerted you when LSE:TIA was trading at its peak/ATH and advised selling at $16.50+. It went up to $20 for a bearish retest and then experienced a hard dump, now down 80% from my levels. Hope you earned or saved money! Profit Targets: TP1: $13.86 ✅ TP2: $9.82 ✅ TP3: $7.10 ✅ Currently, LSE:TIA is trading around $6.4 and has dumped to $4.8. Analysis: Now trading at a strong support zone, I expect this area to be a good accumulation and reversal zone towards a new all-time high. Stay tuned for more updates and happy trading!
Short
by CryptoPatel