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Bearish Patterns

Double top in PEL ???!!!Chart clearly depicts the pattern. PEL - Primary trend is Bearish. Double top - with 2nd top having high lower than the 1st top . Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low. Let's see whether this double top works or not !!!! Entry only after the breakdown of the white dashed trendline.. Target about 80 points according to double top pattern.(760 level) SL above the high of the breakdown candle...(only closing price) Note - Just sharing my view....not a tip nor advice!!!!
NSE:PELShort
by mmjimm
LT inside a Inverted Cup & Handle Pattern ???!!!!Chart Patterns suggesting me to go with the above titled opinion !!! Reasons 1. Dec 21,22,23 daily candles with volumes suggesting the bears entry .(Dec 23rd candle being breakdown candle of trendline from june 2022). 2. Follow up candles on DEC 26,27 show bulls regaining back but LACK OF VOLUMES SHOWS THEIR WEAKNESS!!! 3. Coming to 2hr timeframe, it is looking like the formation of Inverted Cup & Handle (Handle in progress). 4. We can make our entry , after a 2hr bearish candle breaking down of the white trendline. 5. SL(2hr closing ) and Target levels mentioned @ chart !! Remember, ENTRY ONLY AFTER BREAKDOWN. Let's wait and watch how it moves!!! Note - Just sharing my view....not a tip nor advice!!!
NSE:LTShort
by mmjimm
3
H&S pattern in HINDUNILVR ???!!!!Chart depicts the situation... Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame) Now, coming to 2hr time frame, 1. Head and Shoulders pattern (right shoulder in progress..) 2. Entry can be after breakdown after the right shoulder. 3. Risky entry can be now....with a SL ON 2HR CANDLE CLOSING ABOVE 2721. 4. Target levels as mentioned in chart. Let's wait and watch ...how it moves...!!! Note- just sharing my view....not a tip nor advice!!!
NSE:HINDUNILVRShort
by mmjimm
Nifty501. Rising wedge 2. Inside candle @ 1hr 3. Important support -18080 and 18000 4. Closed above 50 MA 5. Downtrend in 1 day The nifty 50 is continuously moved upside, looking closely we can see that it is moving in a wedge pattern i.e RISING WEDGE. Taking Support at 50 MA and ending up with an Inside Candle bar pattern. Important levels to trade - BUY above 18150 which shows that it had respected the 50 MA and 18080 as support. Sell below 18000 which shows that it crossed 50 MA and 18080 thus looking for a bearish move and also BREAKING DOWN the RISING WEDGE pattern successfully.
NSE:NIFTY
by SUTHARTRADE
2
TESLA Short, Head & Shoulder TOP!$TSLA aka Elon Musk's Tesla CMP= $204.99 Attached: Weekly Price Chart as of 14th October, 2022 - Price has triggered a Head & Shoulder TOP Pattern Breakdown - Tesla still has a PE of 74 which is Overvalued and Expensive compared to Peers and Unsustainable in a FED Tightening Environment Elliot Wave Counts say that a Larger Degree 5 Wave Impulse in Wave 1 has completed from its 2019 Low and Now Price is in Larger Wave 2 down. The normal target for Wave 2 is considered as the 4th wave of lower degree. And in this case it comes to around $130 to $110 as the Target requirement So Price can Half from here literally. SUPER BEARISH, Perfect Short🐻🩸 Downside Targets🎯 are open to in order: T1= 180 T2= 135 T3= 110 Ultimately Tesla may find Support at the $100 round figure mark but will it be the final bottom or just another bear market rally from there will be seen that time
NASDAQ:TSLAShort
by T_Harth
1
TVS MotorTVS motors leading automobile company as we are seeing some demand in 2wheelers electric model here TVS motors making a Tripple top i.e Head and Shoulder pattern and stock was previously forming the pole and flag treated as channel formation the stock breaks downward and move towards the selling side now in 1day time frame it can go for further sell-side below the closing of 985. What is a Triple Top pattern? Triple top is a bearish pattern A triple top or triple peak is a bearish chart pattern. It is very dependable in stock chart patterns used in technical analysis. It is straightforwadefined by three clear peaks formingat form about the same level in the market. This pattern is a specific form of the head and shoulders pattern. Just that the three peaks top around the same price levels the same way the double top does. The first peak in this chart pattern is made when the prices fall back after a trending period in the market. Prices rise again to the same level as the first peak but buyers will not get sufficient momentum to drive prices up through the resistance. The third peak forms in the same way. There’s a chance that prices can fall short or go beyond the previous highs, as long as they all top at the same price levels. No matter what happens, every peak has to be on a decreasing volume.
NSE:TVSMOTORShort
by SUTHARTRADE