This is nifty on 4hr time frame here i marked a support zone along with a trendline , if nifty will not be able to hold these level (17800-17750) than we may see a fall toward the level of 17500 so view is Bearish here make your trading plan accordingly As FII & DII sold today New support level = 17800-17750 New Resistance level = 17250-18200
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...
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...
#BANKNIFTY analysis for tomorrow. In my opinion the market will be GAP UP tomorrow. If the market cross 43333 then we can go for CE(CALL'S) in banknifty for tomorrow... First target 43418 and second target 43510 . if the market goes downside we should sell PE(PUT) in banknifty below 43137. First target. 43073. second target 42966..
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...
1. 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...
Is this the end or picture abhi baki hai? follow through after much after bounce could be the turning point.
$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...
Chart shows the Bearish Pennant clearly!!! 1. Titan has already given Breakdown with volume on 15th december (day candle) . 2. Bearish Pennant formed (2hr timeframe ) and given Breakdown with superb volume!!! 3. Target level mentioned @ chart. 4. SL can be 2hr candle escaping the pennant.(closing price). Note - Just Sharing my view....not a tip nor advice!!!!
Nifty has either completed Wave Y or wave 3 of Y both the counts have implication for a down move now if we decline in 5 waves or 3 waves next towards 17600-17430 area will decide how should we mark this decline. Nifty should be heading towards retest of larger channel towards 18125 area but as it could be wave 4 of Y we could form a sideways triangle in this...
TVS 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...
BINANCE:BTCUSDT Looks like a symmetrical triangle pattern, comment your thought on this..
Wave 1 of C is a clear impulse now wave 2 pullback should be good short trade.
stock has given breakdown detail mention on chart stock break strong support 140 level
Chart pattern insisting the opinion titled above!! Reasons: 1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day ) . 2. H&S pattern in process (right shoulder yet to form). 3. Major Trendline resistance above. Target and Sacred SL mentioned in chart !! Let's see how it moves!!! Note - Just...
The descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing. traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend. First, let’s study the case of the descending...
Here is my view on BITCOIN for the upcoming year. I expect a short bearish move towards 12000-14000 range. One could possibly accumulate BITCOIN in the discounted range of 12K-14K and expect a minimum return of 400% when BITCOIN reaches its all time high of 70K.
Head And Shoulder Breakout CMP: 435 Targets for Downside: 591 and 551 SL: 671 Above Previous Swing High AWL Broke this years major support retested the support area and now heading to downside. Disclaimer: This is for educational purposes only, not any recommendations to buy or sell.