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Bearish Patterns

BSE Capital Goods- Relative Strength signaling RED FLAGS!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 and the 2 Down Arrow Marks) 3) Triple Bearish RSI Divergence is also visible 4) MACD is currently in Sell Mode 5) ADX is below 25 meaning range bound (this means a Trend is about to start, biased for the Downside given the other signals) All the Signals I have mentioned are Bearish for the Chart which mean that if it comes to play then the Capital Goods Sector (including Stocks that make up the Sector) would be confirmed to be an UNDERPERFORMER for the coming 2-3 Weeks (till the Downside Target gets met on the Ratio Chart at least) You may look at Stocks within the Capital Goods Sector for Shorting as some of them have already given Sell Signals like L&T and SIEMENS (these 2 are on my radar)
BSE:CGShort
by T_Harth
2
Bank Nifty - Bearish CypherGuidelines 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 78.6% retracement level of the price move from point X to point C. 4. Upon the price reaching the 78.6% retracement level at point D, the bearish Cypher pattern is considered complete, and a price decline is expected. Entry: Go Short @ Leg-D level SL: Strict SL should be Leg-X. However, you can make your decision according to your risk profile and lower it.
NSE:BANKNIFTYShort
by sthenu
Bears got Upper hand in CROMPTON ??!!!Chart patterns just impressing me with the title stated above. Reasons : (with respect to weekly time frame) 1. Crompton is travelling(and respecting) in expanding triangle pattern. 2. Now, there is bearish flag formation and given breakdown with volume (shown in chart). 3. Breakdown candle is a bullish engulfing candle. 4. Purple line(315 level) can be considered for the target.(as it may turn to be a consolidation zone) 5. If purple line too broken (chances are high) , then we can think about the next level target(will update) 6. Safe less risky SL can be Day candle closing above the flag (yellow line). Let's wait and watch how it moves. Note - Just Sharing my view....not a tip nor advice!!!
NSE:CROMPTONShort
by mmjimm
MUTHOOTFIN Down to see 800 level ??!!!Chart patterns insist me the above titled opinion. Reasons 1. Muthoot finance has been travelling in a expanding triangle pattern from 2015. 2. Till now, its respecting the pattern by taking support and resistance at perfect levels. 3. Currently it is in downswing inside the pattern. 4. It may take take support at the Major support (GRENN LINE 800 LEVEL ) soon . In Weekly timeframe, there is BEARISH PENNANT formation , yet to give BREAKDOWN. 5. only if the Bearish Pennant gives BREAKDOWN , we can confirm the down move . I will update(Target and SL) once it gives Breakdown!!! We need to wait, as the breakdown can occur this week or 2 month later or never. Let's wait for the Market's decision!!! As of now, (on seeing the chart) its not easy for bulls to charge up. Note : Just sharing my view....not a tip nor advice!!!
NSE:MUTHOOTFIN
by mmjimm
7
Nasdaq 100- Bull Trap, SELL!Attached: NDQ Daily Live Market Chart as of 20th March 2023 - Price has triggered a Bearish Anti Butterfly Harmonic Pattern - Price has also broken Previous Day Low with Previous Day being a Doji Candle - And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag - The saying goes like, "From False Moves come Fast Moves in the Opposite Direction" - The Divergence between S&P 500 and Nasdaq looks like Nasdaq will resolve on the Downside to align with the S&P 500 Plan of Action: Price Holding below 12680 has a Downside📉 Target🎯 open to: T1= 11830 to 11700 T2= 11250 to 11100
TVC:NDQShort
by T_Harth
BEL Paving way for INVERTED CUP & HANDLE ??!!!Chart pattern insist me the above titled opinion Reasons 1. BEL is in formation of a Inverted Cup & Handle (Handle in progress) 2. Lower high and Lower low formed (confirming bearishness) . 3. Gap b/w 15th & 16th Day candle can act as Strong resistance. 4. Target & SL levels mentioned @ Chart. 5. BEL may take support @ Green trendline (Major Support from 2020) . Let's wait & watch how it moves!!! Note - Just sharing my view...not a tip nor advice!!!
NSE:BELShort
by mmjimm
Massive Drop Incoming | BTCUSDT 🔻🔻According to the 1D chart, it appears that the market is currently trading within a range, and there is a high likelihood that a drop in price will occur in the next few days. Market is being manipulated by market makers to liquidate new traders and earn profits from their losses. Therefore, it is important to not be deceived into thinking that the market is currently experiencing a bull run, as it is actually more likely that we are in a bear market. #bepatient #drop #25k
Short
by MoneyLinter
3
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