IOC H&S breakdownD TF -
Head and shoulders pattern on a falling neckline
Ichimoku cloud - Bear
RMO -bear
RSI - bearish
Once price breaks down -
It will likely to take resistance at 58-55 - half of the height of the head
Unlike to reach 46 area.
At 55, dividend yield will become around 18%, which makes it lucrative for 5-6 yrs holding period.
Bearish Patterns
Bearish Cypher pattern seen in crudeoil 7-10-2022It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily.
(Color code for diagonal trendlines: green - bullish , red - bearish , black & violet reversal points, Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Bearish View On SGX NIFTY In SGX Nifty Formed A Triangle Pattern in 5Mins Chart So That Triangle Pattern Indicates SGX Nifty Will Fall
So You Need To Do Short Sell Only
Don't Buy Call Options Sell Call Options And Buy Put Options
SGX Immediate Resistance @17415 If SGX Nifty Breaks @17415 Then It Will Upto @17480.
SGX Nifty Immediate Support @17340 If SGX Nifty Breaks @17340 Then It Will Fall Upto @17290
If SGX Nifty Breaks Major Support @17290 Then It Will Fall Upto @17100
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If You Take Any Position Consultant Your Financial Advisor
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Renuka Sugar Short Double top formation with momentum on downside.
Renuka Sugar has formed double top formation in daily time frame and Longterm investor should be cautious in this stock as major reversal may happen in this stock.
Momentum on down side is strong as RSI level is below 40 and volumes has been increasing in down trend.
Bullish trade should be avoided in this stock.
Investor should do their own analysis.
Happy Trading !!!!!
M&M Finance SHORT , Descending TriangleThe Short Setup is Very Clear here + on Friday there was a News Item: "RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap" which is serving as the Catalyst for the Selling Pressure in this Stock. M&M Finance involved in Unethical Practices and hence the Stock Price is being Hammered.
A Classic Descending Triangle on the Hourly Time Frame
One can Short for
Targets:
T1= 185
T2= 182 - 180
with Stop Loss > 200
RSI Divergence: Apollo TyresIn NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock.
* It is my analysis and not a buy or sell recommendation.
US DOLLAR CURRENCY INDEX VIEW! Hello, us dolar curency index trading @113 on harmonic level 1.618 can correct if breaks can go upto @120 & @127 (targets identified from swing high & harmonic xabcd patern level 1.131) above @113 indian stock market will fall. Fiis puling out money from stock market. CAPITALCOM:DXY