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Bearish Patterns

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
BANK NIFTY MARCH MONTH EXPIRY ANALYSISBankNifty Important Levels for March Month Expiry: => Naked Buyer Strategy: CALL Side: Buy Above: 47040. Put Stop Loss: 46950. Targets: 47130, 47203, 47288, 47368 and 47423. PUT Side: Sell below: 46800. Stop Loss: 46880. Targets : 46720 ,46650, 46570 and 46474. => Hedging Strategy: UP SIDE: Sell 47300/47400 PUT (Premium price 500-570) & Hedge with 46400 PUT (Premium price 100). DOWB SIDE: Sell 46400/46300 CALL (Premium price 550-630) & Hedge with 46430 PUT (Premium price 130). => Sell Strangle Strategy: Sell 46400 CALL and Parallelly Sell 47400 Put. Note: Do Trading after the Level break and use Strict Stoploss.
NSE:BANKNIFTY
by NaveenTTR
Trend + Fib : Bearish View on NiftyTHe weekly price action of Nifty seems to be respecting the Fib retracement crucial zone between 50%-61.8%. There is a daily supply zone co-inciding with the aforementioned Fib zone. Given that the trend as per pivot analysis on weekly time frame is down, and there is an area of resistance around 17250-17500 due to multiple crucial indicators such as Bollinger mean, 100 sma, fib zone and supply/resistance zone all being bunched up together tightly, I feel prices may fall from this zone. Hence I am bearish on the underlying.
NSE:NIFTYShort
by AmitGoel217
WaveTalks-Nifty-The Evening Star / Wedge CollaborationThis 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 / 16400 levels When you splash around the water, you get to hear a peculiar sound which you heard over the video at the start. I have compared that sound of up & down in Nifty Index to water pool splash. This scenario in technical analysis is called a wedge pattern What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series throughout chosen periods. The lines show that the highs and the lows are either rising or falling giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action. Elliott Wave Analysis These wedges are further classified as Type 1 / Type 2 diagonal (wedge). Depending on the position of the structure unfolding. They are called (Type 1)Leading Diagonal – Start the price move (Type 2)Ending Diagonal - End the price move ------------------------------------------------------------------- Last Video Idea - Nifty Bearish Bat Harmonic Pattern -------------------------------------------------------------------
NSE:NIFTYEducation
by WaveTalks
15
Bulls vs Bears: Nifty & Banknifty analysis + top stocks + levels#Nifty and #Banknifty saw a very interesting close to the week. After painting a grim picture in the first half, they saw a V-shaped recovery which propelled price up to p.close. So unless you were looking at the charts and #priceaction, the EOD closing would show a flat day. The indices have still formed an LH-LL formation, which isn't suitable for bulls. This might mean that unless we are able to see strong momentum resuming or an external trigger, we could see a little weakness. Yesterday, the basis hinted at a negative bias. Today, it appears to be flat. Wait for the weekly analysis video for more! Important Nifty levels and Banknifty levels for tomorrow: Levels for Nifty: 15,596, 15,660 ---15,733, 15,750, 15,835 15,986 (don't want to pick tops) Levels for Banknifty: 34,130, 34,420, 34,640 --- 34,800, 35,011, 35,250, 35,340, 35,400, 35,529, What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
NSE:NIFTY
by MarketsWithKR
Nifty - Selling at the Channel Top-9850 Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------------------------------------------------------------------------- Trading Strategy ---------------------- Plan A Bullish Butterfly Pattern Valid & Active - Once 9200 crosses & holds as support Target 1 - 9400 Target 2 - Above 9400 for 9500 Target 3 - Above 9500 for 9600 Plan B Reaching in the zone 9600- 9750 - Traders should be careful of Resistance zone formed for Island Reversal Pattern -The most important zone Resistance in 9600- 9750 - Stops in that zone -preferably sell below 9600 or close to 9700 or 9750 levels (Note- No selling above 9700 & No selling above 9750) Downside Targets Target 1 - 9400 Target 2 - 9200 Target 3- Sell Only below 9125-9150 only for 8900 /8700 ------------------------------------------------------------------------------------------------------------------------ Previous Ideas Video Link ------------------------------------------------------------------------------------------------------------------------ Wonder Waves Part 1 - Nifty - Wonder Waves -Picking The Bottoms at 7700 Wonder Waves Part 2 - Nifty -Wonder Waves Part 2-Can Patterns Repeat from Bottoms 8055 Wonder Waves Part 3 - Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600) ----------------------------------------------------------------------------------------------------------------------------- Thanks for watching this video & your precious time - Have wonderful week ahead
NSE:NIFTY
by WaveTalks
170
IRCTC - 1st Halt ( Amazing Journey 625 to 980) - What Next ?Trading Strategy Scenario 1- Holding above 920 Part A: Expect upside push to 980-1000 zone Part B: Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700 Scenario 2 - Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part B - Scenario 1" as mentioned above. Thanks for all support Wish All of You A Happy, Prosperous & Terrific 2020 !!!
NSE:IRCTCLong
by WaveTalks
13