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Bearish Patterns

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
Don't miss out on RelianceNSE:RELIANCE I believe there is a very high chance that Reliance will break this trendline this time. Reliance has been following this trend line Since JAN 2021 and till then it has been tested 2 times April 2021 Sep 2022 and this is the third time Jan 2023 Demand on trendline has been reduced significantly. So the Break of the trendline can happen and bears Can take full control. and and the price is trading below POC too. It's just for educational purpose, and not intended to trade until the Breakdown happens.
NSE:RELIANCEShort
by Gagan_Ahuja_13
JUBLFOOD Next Down Move started ????Chart looks Prudent for yet another down move !!! This is in continuation of the idea posted about jublfood few days back...Refer to it... I have attached below the link to it.(under related ideas) Target and SL levels (dashed lines) mentioned in chart. Be cautious if it breaks above the resistance line(thin red trend line) of the descending channel down side. Let's wait and watch!!! Note - just sharing my view....not a tip nor advice!!!
NSE:JUBLFOODShort
by mmjimm
10
RELIANCE: Head and Shoulders BreakoutTHEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline. May 29 TRADING STRATEGY: GO SHORT WITH SL OF 2590 & LOOK FOR THE TARGET OF 2460/1365 IN THE COMING WEEKS. NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 2632 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
NSE:RELIANCEShort
by TradingSutra
18
NIFTY Ready for a Down Swing move ??!!!Chart pattern insist me the above titled opinion REASONS 1. NIFTY has been trading inside a Descending channel pattern creating lower highs and lower lows 2. Right now, it is at the resistance level(top of descending channel) 3. Day close above 18260 will pave way for the bulls 4. Safe SL can be Day candle closing out of the Descending channel 5. Target levels mentioned @ chart 6. In hourly time frame , Head & Shoulders pattern is evolving(right shoulder in formation) 7. Better to enter after the H&S BREAKDOWN!!!( BELOW THE BLUE TREND LINE)(ATTACHED BELOW) 8. In addition to the above stated , BEARISH HARAMI(JAN 18 AND 19 DAY CANDLES COMBINED ) adds more to the PROBABLITY OF DOWBN MOVE!!!!! Bank Nifty too travelling in a similar descending pattern (shown below) Let's wait & watch how it moves!!!!
NSE:NIFTYShort
by mmjimm
2