Get started

Bearish Patterns

Nifty: 29 March 2023 Expiry viewNifty - Important levels are given in the chart - Earlier when Nifty was at 17050 odd levels I had given a bearish view - Nifty is down 100 points from those levels - Explosive movement has not happened so far but for the last 2 days Nifty is opening higher around 17000; trading above 17000 for a couple of candles on 15 min chart and then giving up in the 2nd half. Is that a sign of a confident Bull or are the Bulls nervous or are the Bulls creating a trap for the Bears? Well only time can tell that. Prima facie, for Bulls to regain control Nifty needs to sustain above 17155 / 17200 odd levels. Till then Bears have the upper hand. Prima facie Expiry range for 29 Mar 23 Small Expiry range 16913 - 16991 Medium Expiry range 16874 - 17033 Broader Expiry range 16828 - 17065 For me Risk::Reward ratio not favorable to play for today's expiry. For the April series, as a risk management measure Trailing SL to 17080 (Nifty Spot levels) on closing basis for April series. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
BEARS RIDING DOWN EICHER MOTORS ???!!!Chart patterns does insist me to go with opinion stated above. Reasons: 1. Eicher motors is travelling (and respecting) in different patterns . 2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% . 3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness. 4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern). 5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline. 6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes. 7. Target & SL levels mentioned in the chart... I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas. Soon I will earn that 10 points . Sorry if chart looks so congested....Feel free to ask if there is any confusion. Let's wait and watch how it moves!!!! Note - Just Sharing my view...not a tip nor advice...
NSE:EICHERMOTShort
by mmjimm
4
Tata Power on Bearish trendlineCurrently, Tata Power is experiencing a bearish trend in the stock market, as seen by its recent struggles to push the market higher and its potential for further decline as indicated by the chart. However, despite this short-term volatility, Tata Power remains an attractive long-term investment option for those interested in the energy sector. Its ability to break through some resistance levels and its overall financial strength, diversified portfolio, and strategic investments in renewable energy make it a promising opportunity for investors seeking to invest in the stock market for the long run.
NSE:TATAPOWERShort
by CyborgTradingHub
KOTAKBANK in Bear's Radar ??!!!Chart patterns look impressive and paves way for the above titled opinion REASONS 1. KOTAKBANK has been trading inside ASCENDING CHANNEL(Bright red and green trendlines) taking support and resistance at perfect levels till now. 2. Currently it is going under the down swing move inside the ascending channel . 3. In daily time frame , it looks like a Bearish Pennant in process yet to break. 4. Target & SL levels as mentioned (dashed yellow horizontal lines)@ chart. 5. It may take support @ Green line( 10year old strong support from 2014 ) (channel support) soon. 6. In addition to the above mentioned points, A GAP remains UNFILLED till now. 7. Gap often gets filled .....there is a chance for that to happen... .let's stick with our targets and trail our SL!!! 8. Better to enter after a day or at least 2 hour Breakdown out of the Yellow trendline .(as shown below) Let's wait & watch how it moves!!!! Note- Just Sharing my view....not a tip nor advice!!!!
NSE:KOTAKBANKShort
by mmjimm
2
bitcoin running sideways in briefI hope all of you guys have made the profit through my long published idea of btc while it was accumulating around 20500$ it jumped around 6000$ from there almost now talking about the current predicament of the market the mother bitcoin is consolidating if it stays around 23900 zone below this distribution will start it is advisable for you to not to take any trade cause anytime it can move in any direction institutions are fearless beware of any stupid analysis of people take your time then dive into trades directly it will be good for your PnL follow for regular feeds find me anywhere i will provide you the best information and updates of the market best of luck stay tuned for further! @Cryptoxcountry
by tradingcops_1
1
ASIANPAINT IN BEARS BRUSH ???!!!Chart does insist me the above titled opinion Reasons In Monthly timeframe, Asian paints looks like, is in formation of a DOUBLE TOP!!! ( Making HIGH(Jan 2022)and LOWER HIGH(Sep 2022) respectively) (shown as image attached in the chart) 1. Asian paints has been travelling in Ascending channel pattern(red and green) taking support at respective levels from 2019. 2. Now currently its is in the down swing in a descending channel(white trendlines). 3. January 2023 Monthly candle - going to be the decider for further move.(if it closes below 2900- we can confirm the bearishness further) 4. In daily time frame, it has formed a Head & Shoulders pattern and given BREAKDOWN!!! 5. By H&S pattern, Target gets to about 200 points(to 2850 level). 6. Green line down near 2900 is acting as support from 2020. 7. DOUBLE TOP (Monthly timeframe) will mostly likely be confirmed if the Green line gets broken. 8. Let's wait and watch whether the monthly candle breaks the green line or not!!! Asian paints is one of the stocks which has not reached the 52 week high (during recent rally of market)!!! Take SL as day candle closing out of the white channel.(3090) & Keep Trailing the SL!! 1st Target - 2900, will update once it reaches this target. If the Double top works as it does, Asian paints can see 2250 level soon. Even if we don't trade now, It is better if we don't make any long term investment on Asian paints as of now.(as it is bearish) Let's wait and watch how it moves!!! What this is going to teach us!!! Note : Just sharing my view.....Not a Tip nor Advice!!!
NSE:ASIANPAINTShort
by mmjimm
11
⚠️ this is my personal TA ⚠️As we can see head & shoulder patter formation on weekly chart as we r in down trend it is possible BTC reach unexpected lows so be careful trade according to Ur TA 🙏 i am sharing it as per my knowledge i hope it may help someone and if someone interested to share there ta with me they can because I believe in sharing knowledge Yours Lovingly SAK Warning ⚠️ Caution i am not whale or Bear of the market this is my personal TA don't follow me at all
BITSTAMP:BTCUSD
by vamshikumar291
1
Nifty: Is Nifty in a downtrend for 8-13 monthsNifty If we look at the overall chart structure, prima facie it looks like Nifty has started a downtrend from Dec 2022. Currently, Nifty is trading below 21 day EMA, 63 day EMA and now also below 252 day EMA If Nifty weekly closing is below 17430, then it may signify that Bears are in control of the market as of now. Above 17430 Nifty too Nifty may face another stiff resistance around 17604-17620 odd levels and final resistance looks likely to be around 17800 odd levels. So Bulls have an uphill task. Below 17280 may potentially open doors for further downslide towards 16900 odd levels in the short term. The structure can take Nifty down to around 16000 odd levels by September 2023. Important levels on the upside in the short term 17430-17450 / 17604-17620 / 17800 odd levels Important levels on the downside in the short term 17331 / 17280 / 17080 / 16900 odd levels Focus on Risk Management and Plan your trade accordingly...!!! Take care and trade safely...!!! Take care & trade safely...!!!
NSE:NIFTYShort
by indiamarketoutlook
1
DRREDDY INTO BEARS WARD ???!!!!Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top . 5. Target & SL levels mentioned @ chart. Safer SL - Day close above 4500 Let's wait and watch how it moves!!!! Note - Just Sharing my view....not a tip nor advice!!!
NSE:DRREDDYShort
by mmjimm
NUCLEUS SOFTWARE REVERSAL PATTTERN FORMED - SHORT POSITION Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week. As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There Are Maximum Unfilled Orders That Are Placed For Profit Booking. On 24feb,2023 Nucleus Soft Touched That Level And Made Gravestone Doji On Daily Time Frame Basis That Too Formed On Upper Bollinger Band Along With The Rsi Divergence In 2 Hours Time Frame. It Should Correct Till Mean In Daily Tf Bollinger Band I.E 485 Odd Levels And Also There Lies A Demand Zone . Hence Trade Setup Goes Like Crossing Low Of Doji Stoploss - 648 Entry - 624 Tgt - T1 : 576 ( 2:1) T2 - 485. But Trail The Sl After T1 Achieved. Size - According To Risk Of Your Capital.
NSE:NUCLEUSShort
by maharshisavalia
2