Get started

Bearish Patterns

CAN NIFTY CRASH ROUGHY 22% FROM ALL TIME HIGH???So it was a good down side move by our India market on Friday 16th of September 2022 ,There was a reversal signal popularly known as Dark Cloud Cover. similar pattern was formed on 5th of April 2022 ,post which a negative down side rally was observed in Indian market. Post analyzing facts and figure my take on Nifty50 is that , we are roughly 8 month away form a new low of roughly 14500 points. what is your take traders please comment...
NSE:NIFTYShort
by shyamsultania11
What we see by analyzing the pharma index with 2 theories.Hey.. What do we get if we analyse one chart with two different theories ? Is it a good idea ? We use different techniques and methods to analyse a chart. Some traders use chart patterns, some use moving averages and others use any other technique. We all did the analysis to determine the trend of that instrument. What if we use two different theories for the analysis ? It will give us a more accurate view for that instrument. Lets check the analysis Nifty Pharma Index Daily Chart by 2 different theories of Chart Patterns and Exponential Moving Averages. Chart Pattern A symmetrical triangle pattern appears on the chart. And today we see the Breakdown of the pattern. The breakdown of the pattern shows the weakness of the index. Exponential Moving Averages For this we use four exponential moving averages of 20, 50, 100 and 200 periods. We start from the 20th of Jun 2022 when the price is below the all exponential moving averages. From that day the price started its upward move and it crosses all ema's one by one and finally it reached at 200ema on 5th of Aug 2022. During the period of 3 months the all 4 ema's come close to each other. But the price has failed to cross the 200 ema and it starts its downward move. From 22nd of Aug 2022 the price tested its 20 ema and 50 ema but has failed to hold them. Finally on the 16th of Sep 2022 the price closed with a big red candle. The price traded below to all 4 ema's shows the weakness and start of a downtrend. Conclusion: From both theories we see the weakness in the pharma index. So, the stocks of the sector show the bearish move in the coming days. This explanation is for educational purposes. My only intention is to share my style and techniques of analysis. Thanks
NSE:CNXPHARMAShort
by ssvirdi
2
BEARISHNESS in JUSTDAIL (Positional)NSE:JUSTDIAL Justdial stock is looking bearish to me. The stock price has breakdown from the Trendline. This price is trading below the moving averages which shows bearishness. The MACD has given a bearish signal. The RSI is also below 50 which show weakness. This view is for 1 to 3 months. The SL Level for this stock is around 615 level, and the Target is around 495 levels. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:JUSTDIALShort
by Kunal-Battu
btc the daily horrible analysis lower prices look very real hi guys just a quick overlook on the daily btc chart from ath horrible sight to see three bear flags one after the other inside of a falling wedge since atheach time we broke previous flags we had near enough the same drop of around 45% we have broke out of our latest flag are we going to see another 45% drop in price to the 14k mark its possible given the conditions we are in or even are we going to see a double bottom form at 17k then bounce do i think the bottom is in i dunno it looks unlikley whilst weve been in our recent bear flag we have had a msb creating an order block just below bear flag we are in that ob now and testing the .38 trend fib from recent drop from previous flag 19k is critical for us i think over the next week im hoping we can bounce if we do bounce id think we will make are way back to the top resistance level of bear flag not all at once also an inverse elliot wave predicts this move too hopefully bulls come back and sort the job out or are we just clutching at straws thanks guys scopes
by scoperfi