Bearish Patterns
Shriram Transport Finance (Short Setup)BEARS to Attack SRTRANSFIN!
A Head & Shoulder Top Pattern is visible
+
EW count says 1 of (C) done as the 'v waves' marked
2 of (C) done as rise from 23rd August Low is overlapping
Now 3 of (C) down should start
CMP= 1324
TARGETS:
T1= 1260
T2= 1235
STOP LOSS > 1400
RELIANCE SHORTRELIANCE is making a good triangle pattern and moving averages are also showing bearishness in the stock thus Reliance can enter the Bear market once it breaks the triangle.
THE MAJOR support is now 2400 that's gonna be the first target and the second target can be 2200.
# Titan's next harmonic# Titan near to profit booking zone
PRZ-2640-2675
CMP:2493 @ 11 September 2022
#ASTRAL Harmonic worked perfectly#ASTRAL Harmonic
Profit booking zone - 2624.00
buy above 2212
CMP:1994 @ 29 August
Nifty Path Ahead | ABC CorrectionHi,
I see Indian Nifty at 14200 (Logarithms) and 13800 (Regular) scale
Bears will be super active Below 17070 levels & long will be active above 18000 levels and I assume 95% probability of Nifty going to these lower levels in 60-70 days !!
* for educational purpose , Trade at your own Risk !!
NAZARANAZARA is very near to crucial support level if this is not saved for coming days then expect more party for bears. the support ahead is not that good so it is more problematic for it.
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...
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
Ascending channel breakdown in COROMANDELAs you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
Rising wedge pattern in TORRENTPHARMTORRENTPHARM Looking weak after breaking down the rising wedge pattern and the level of 1500. Here are some important levels we can expect.
#Pidilite India Harmonic #Pidilite India near to profit booking zone
Target -2810
SL-2393
CMP:2599 @ 4 January 2022
USDZARUSDZAR still creating corrective movements, waiting for it t break below the we'll be looking for correction then further sells
BankNifty (Bearish Wolfe Wave)Pattern is activated. Expected a pull-up till 40600 and forming double top before falling. Target till previous gap (39400-39500).
IndusInd Bank RSI Bear Divergence As IndusInd Bank Is at Top , volume and rsi Is Constantly dreasing .Time For Short After It Breaks Its Range
Short At Range Breakdown.
INFO EDGE - Short INFO edge is at very interesting place. I would prefer short here based on Friday's closing + Volume
Mahindra & Mahindra - ShortM&M on monthly time frame is in OVER BOUGHT Zone. A retracement is much needed for the stock. Shooting star is formed on Daily TF.
Nifty expected movesIf cross above the trendline possible to reach 17900
Otherwise the support levels are given as green lines
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.
