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.
Nifty above 18340 is weekly target... No proper CE trade before it breaks that trendline.... Find PE trade when nifty try to retest near 18340 and in coming days traget can go even below 18200 ... Have a wounderful journey ❤❤❤
TCS had formed a perfect head and shoulder pattern on weekly chart which was nicely broken down and had finally reached the target
#Bitcoin Daily based chart movement as per #Elliott #ImpulsiveWave & #CorrectionWave Pattern, whereas their price up-down zone as per #FIBretracement is Highest Point at FWB:31K & Lowest Point of $15.5k up-to 27 June 2023 max. All Analytical views, dates and zone displays in chart, as well as #DYOR too.
Chart Patterns insist me the above titled opinion REASONS 1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel) 2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of...
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target The double top was formed alongwith the wedge pattern which was earlier mentioned
JUBLINGREA has been in parallel channel since Apr 2021. Too much tape noise on this stock.
Parallel Channel since the top was formed. expect more selling pressure
one more try with near below 17800 and sl at 17900 on future.
Attached: BSE Capital Goods/ BSE Sensex Daily Chart as of 13th April 2023 The Ratio Chart has given Warning Signals of what is about to come for the Capital Goods Sector, the Warning Signals are as follows: 1) A Broadening Wedge Pattern (see the Blue Trend Lines marking the Pattern) 2) A Double Top formation within the Broadening Wedge Pattern (see the Red Curve...
Guidelines for Bearish Cypher: 1. The AB leg moves higher to retrace the XA leg. This retracement should bring prices to the 38.2 to 61.8 percent level of the XA leg. 2. The BC leg moves lower, takes out the swing low at point A, and terminates between the 127.2 and 141.4 projections of the initial XA leg. 3. The CD leg moves higher and terminates near the...