it has been in 5 year parallel channel, under selling pressure to touch lower band
I expect a Gap Down or Flat opening in NSE:BANKNIFTY Nifty might retrace till the Zone Marked and Bearish momentum continues till the targets Target 1 - 43755 Target 2 - 43600 My levels and views change depend ing on market opening...!!! Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
I expect a Gap Down or Flat opening in NSE:NIFTY Nifty might retrace till the Zone Marked and Bearish momentum continues till the targets Target 1 - 18300 Target 2 - 18250 My levels and views change depend ing on market opening...!!! Trade or invest according to your analysis. This is just my view . <----- 3MRT Trading ----->
Expecting NSE:BANKNIFTY to continue it's Uptrend. Target 1 -> 44070 Target 2 -> 44125 Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
PVRInox is under Wyckoff distribution Schematic #1 on weekly chart. this may still take few more month for this to complete. this is bearish distribution and presently its in phase D I am hopeful one more chance you may get to exit long position
Chart patterns convincing me to publish this above titled opinion REASONS 1. UPL has been trading inside an Expanding Triangle pattern(10 year- from 2013) taking support and resistance at perfect levels till now. 2. Currently it is under the down swing move inside the pattern 3. Pink trendline from 2020 acting as support, Bears trying to get break...
#Bitcoin is under very critical zone now a days and mostly moving around $26.5k to $27.5k, while many times it rejects for uptrends and retest for #BearishZone of FWB:25K -24k but majority of chances, between 20 may to 20 June 2023, BITCOIN will be under #BearishZone of $24k to $22k and then FWB:21K - $19k too.... DISCLAIMER- It's not any #FA, its just proposal...
Expecting a Gap Down today in NSE:BANKNIFTY Nifty might retrace a bit and fall at least till 43500 Trade or invest according to your analysis. This is just my view..!! <----- 3MRT Trading ----->
Chart patterns look good for a short trade in Reliance industries REASONS 1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel 2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support Monthly timeframe chart below - 3. In weekly chart shown below, ...
Disclaimer - I might be completely wrong today, as I've Bearish sentiment even after such a wonderful retracement. Even chart suggests a Bullish pattern too. Just a expiry bet ..!!! I expect NSE:BANKNIFTY to open flat and trade in a range before falling down till at least 43400 . It's just my analysis, do your own before traing/investing. <------...
On 2 hours timeframe it shows double top and max OI call righters. It can be good chance to take entry once it complete full solid red candle today.
I expect price to move upto max of 44000 Round Number and fall till min 43777. I'm completely Bearish for today..!! My view might change based on Opening price...!!! T-Gram- for past analysis posted 3MRT Intraday Trading
For next week contract (11/05/2023) . entry: 43000 . if there is possibility for bullish-- target-43500- . Then down trend starts t1-43000--t2-42500 . after breaking yellow box mentioned bearish trend will be confirmed. . for option writers breakeven ranges will be.. . ( 43500-42300)
#Bitcoin will be soon break their support line of FWB:27K and goes under #BearishZone trend up to first below cut-off point FWB:25K -22k and second lower cut-off mark is FWB:21K -19k with more #Bearish trend of $19k-17k upto june-july 2023.
TCS had formed a perfect head and shoulder pattern on weekly chart which was nicely broken down and had finally reached the target