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Bearish Patterns

Chola Finance SHORT, Rounding Top The Short Setup is as follows: Elliot Wave Standing Point: Rise from Covid Lows can be marked as a Diagonal in the form of ABCDE and Wave E just completed in September For the Short Term as per Daily Time Frame, we can see the following Observations: 1) RSI gone below 40 ✅ 2) ADX at 24 rising, DMI in Sell Mode ✅ 3) Super Trend (10,3) gone in Sell Mode ✅ 4) MACD in Sell Mode ✅ 5) And Most Importantly there is a Classic ROUNDING TOP Pattern Breakdown ! where the Base has Low Volumes and the Breakdown is on High Volumes Downside Target open to: 705 - 700 (as per Rounding Top Pattern) Stop Loss: Can be kept > 760 Since on Weekly Time Frame, it is a Diagonal as per EW Count, the Downside can exceed even further. So DO NOT Bottom fish The Target of 705 - 700 is bare minimum expected (conservative case)
NSE:CHOLAFINShort
by T_Harth
SBI Card SHORT - So Wave E high did not get taken out all this while even though, hence Setup still valid - A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high - A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high - Price did Wave i and then ii, and now iii on Downside has Started📉 Wave i= Wave iii equality comes at ~ 845🎯 Trade Plan as follows: Short at CMP= 915.5 Downside Target Zone= 850 - 840 Stop Loss= above 940
NSE:SBICARDShort
by T_Harth
Bajaj Finance SHORT Trade, Head & Shoulders TOP!Attached: Hourly Chart A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern. In this case, there is a BEARISH Implication One can Short at CMP Stop Loss above 7380 Downside Target open to 6900- 6800 Stay Safe And Happy Trading! If you like my work, then check out my profile and the other trade ideas that I have shared recently. Any kind of support is appreciated :)
NSE:BAJFINANCEShort
by T_Harth
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.
MCX:CRUDEOIL1!Short
by Elango-ragavan
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  •  DISCLAIMER :- Iam Not A SEBI Registered Analyst If You Take Any Position Consultant Your Financial Advisor Iam Not Responsible For Your Loss And Profit Thank You
NSEIX:NIFTY1!Short
by Wealthcreation5
7
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
NSE:M&MFINShort
by T_Harth