Bearish Patterns
finding Tops | Nifty Targets | Crash - Hedge yourself !!This is How I try to learn to catch Tops and bottom, Market is like an "Infinite Sea"- full of earnings & looses.. but beauty of this sea is that it behaves in a systematic manner like a nature which is very well explained in Elliot Wave theory and Neo Wave theory .
A good entry and exit always gives u maximum return and vice versa for that u really need to have patience and principles while jumping into this "financial SEA"
like I have shared charts where market gave u signal of exit and u can play for some extra ordinary moves, now its upto you, how you find your entry and exits as per your appetite, either in ending diagonal from 17150-17992 or bouncing wave of new Downside move post ending diagonal completion.
Market always gives u few chances to safeguard your money in case of reverse moves. for example in just 2 days market fell 660 points from tops but still retraced approx. 300 points on upside i.e 50% retracement, even if u exit u loose hardly 300 points out of 2700 points move.
well If you have seen my previous post where I catch the bottom of 15183 for new up move & if one has invested that time could have earned 2200-2700 points depend on your entry point or 18% in nifty and waited patiently for swift exit by finding such patterns which fulfills top making criteria's.
Trust me the best Part of finding tops is Media + Pattern ( a deadly Combination) , they(media) make the maximum noise during tops and bottoms which gives u good indication of such areas ( pattern ) to plan your next counter moves.
Now Very likely we are going to see a "Covid Style Crash" (in Diametric pattern, which we will have detailed study in my upcoming post) yes this is likely the much much awaited fall since 2 years who have missed taking part in the Crash, I believe major indian traders ( the enthusiastic youngsters) entered post Covid Crash - for fundamentals we have many topics to discuss post this crash like few of them will be Economic Crises, recession, Wars , Bankruptcy etc.. !!
Lastly as I said, market give opportunity major of the times to face few situations repeatedly in your life span which gives u very great Sailing experience in this financial SEA
Thanks & Regards
Self Analyst
Vishal Sancheti
Bearish upto 500 support There is making pattern since long time.. up - down its trying to break 550 level but could not break and taking support at 445 again and again..
So now again it come fall from 542 and may take support at 500 or 490 and then will break out new level.
#long for Week view its RSI shows to down direction
#short for 2-4 hours its down direction
So lets see we make it closer to our prediction or execute stop loss
thanks
NIFTY 50 on a MAJOR AREA ( 22000 or 14000)We can see a clear pattern formation.
Its a Descending Broadening Wedge.
Normally Its a Continuation pattern that means earlier market made a top on 18600 and now if price will break this wedge again it will continue the bull rally.
Still there are chances of failure of this pattern.
DOUBLE TOP REVERSAL PATTERN FORMATION IN MAHINDRA AND MAHINDRAM & M had shown a very promising rally from last few weeks. As per chart it seems that the bullish trend has come to an end and we could see a double top reversal pattern on charts. In short term we can see 1200 levels. one can take entry now with SL at 1282 for targets of 1200 in 3-4 trading sessions.
KEI INDUSTRIES - WEAKNESS?Evening Star pattern has been formed near Trend Resistance inD1 Timeframe. Evening Star pattern shows a trend reversal if it's formed near resistance. In M30 timeframe, Head and shoulder pattern has been formed. So closing below 1350 may show some weakelness.
Disclaimer :- I'm not a SEBI registered analyst. This are my personal view. Information given is for educational purposes only. Do your own analysis before investing.