Nifty If we look at the overall chart structure, prima facie it looks like Nifty has started a downtrend from Dec 2022. Currently, Nifty is trading below 21 day EMA, 63 day EMA and now also below 252 day EMA If Nifty weekly closing is below 17430, then it may signify that Bears are in control of the market as of now. Above 17430 Nifty too Nifty may face...
I think TSLA will make its way down if we break below $195 support. If it doesn't make a higher low in this trading range (above $195 as support), this will go down to $150 again imo We also are rejecting a 50% fibonacci on the daily (from recent high rejection, dragged to subsequent low (downward fib) All my opinion.
Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right...
EICHERMOTO Closing 3131.05 with stoploss 3190 then targets are 2810. SELLING REASON. 1 --> Price Closing Below 200 EMA. 2 --> RSI is Break level 40 and Closing Below 40. 3 --> ADX is show the Bearish move and -DMI is Rise. 4 --> Volume is also show the Bearish move and Breakdown move Confirm. 5 --> Bollinger Bands Open in Negative Side.
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...
There data has gone from bad to worse for Adani ENT Expected more fall toll 1055
bearish flag pattern on higher time frame eth death is still on play if u r on long be carefull if eth falls matic shiba & all eth based coins will fall eth to fall all time low BINANCE:ETHUSDT BITSTAMP:ETHUSD CRYPTOCAP:ETH
Did the big hand selling the coca-cola stock at this point of time. Though it's very difficult to identify the next move however this is just a try to find the distribution in price
since 2017 it has formed a parallel channel and considering the previous monthly candle are we in good position to say this is the TOP formation?
Nifty has still not crossed the resistance zone of 18177 18222 therefore don't consider it as end of bulls. we can still go for another shakeout.
Looks like the wicks are not considered here... Market already moving down.
What do you think ?? Nifty bears entering the market soon ???
LICHSGFIN in symmetrical triangle, watchout for breakdown or breakout. Take lines as targets.
NSE: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...
#USDINR #CURRENCY #BEARISH #SHORT INR looks strong for swing trade or for short term
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...
THEORY: 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...