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Bearish Patterns

Nifty 50 Outlook for the Expiry week May 23 – May27Falcon Analytics Outlook Nifty 50 for the Expiry week ( May 23 – May27 ) As Discussed in Last Weekly Analysis Nifty sold off from major resistance @ 16387 while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15726 levels, whereas major resistance on the upside is capped around 16386 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15474/15222 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16542/16794. Currently Nifty50 index is trading Below 200 day EMA @ 16783 suggests long term trend is Bearish . Range for the week is seen from 15222 on downside and 16794 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 17046 RESISTANCE 3: 16794 RESISTANCE 2: 16542 RESISTANCE 1: 16386 WEEKLY PIVOT LEVELS: 16134 SUPPORT 1: 15882 SUPPORT 2: 15726 SUPPORT 3: 15474 SUPPORT 4: 15222 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
BANKNIFTY ANALYSIS TO KNOW SYMBOL: NSE:BANKNIFTY Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year. Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time. Bears can again try to push BNF down because this year it's the second attempt so one has to be cautious on both the Sides and book profits fast.
NSE:BANKNIFTYShort
by Gagan_ahuja
1
EURUSD’s bear flag hints at further fall in pricesAlthough the weekly channel restricts EURUSD moves while other major currency pairs portray heavy selling against the USD, the bearish flag formation joins downbeat MACD and RSI signals to keep sellers hopeful. Additionally favoring the pair bears is the sustained trading below a descending trend line from March, as well as the 200-SMA and a six-week-old horizontal resistance. However, the south-run needs a trigger and 1.0500 is the same to activate a theoretical slump targeting the 1.0000 psychological magnet. Though, lows marked during 2017 and mid-1999, respectively around 1.0340 and 1.0100, may act as intermediate halts during the anticipated fall. Alternatively, the upper line of mentioned flag, around 1.0650, acts as an immediate upside barrier during the corrective pullback. Following that, the previously stated descending resistance line and the 200-SMA, near 1.0730 and 1.0810 in that order, will act as additional barriers for the EURUSD bulls. It’s worth noting that the pair bears remain hopeful until the quote rallies beyond the multi-day-old horizontal hurdle surrounding 1.0950. To sum up, the EURUSD pair’s hesitance in declining isn’t an early sign of recovery in prices.
Short
by MTradingGlobal
NAUKRI INFO EDGEThis stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared. head and shoulder pattern neckline breakdown on daily time frame RK's Sell signal activated on daily chart and also price has broken RK"s stop line and mass psychological cloud MACD on weekly negative crossover below zero MACD on daily negative crossover and now below zero price below lower bollinger in daily rsi breakdown in daily and now below 40 DMI ADX on weekly bearish DMI ADX on daily bearish Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:NAUKRIShort
by RK_Chaarts
6
SBIN - evening star pattern As of my idea SBIN stock is formed an evening star pattern which is opposite of morning star or morning doji star. Evening star pattern is fully a bearish kind of pattern. Doji has been formed after the support candles for the past few days. so i comes with conclude of my idea that this is the good time to invest. Doji: Doji is the one of the candle which is formed when open and close stock market price as same state. it looks like plus (+) Important Disclaimer: I am not influence anyone to buy/sell any stocks, just sharing my thoughts and views. i am not responsible if my idea goes fail. It was fully educational purpose.
NSE:SBINLong
by tamizhsid
4
JSW - Price near 52W high - RESISTANCEJSW steel is around key resistance zone, i.e. 52 week high. Share has showin resistance near same price 3 times before. First time on 11th May 2021, second on 6th Aug 2021, and third tme on 17th Aug 2021. However, this time it seems different, price consilidated between a narrow 26 point range of 725 to 751 from 29th March to 8th April and finally opened out of the consolidation box on 11th April, still facing resistance from that very zone. It will be important to see where the price action leads us. If the price breaks out of this zone, we can expect a good potential upside move, however please be patient and wait for successful confirmation of close above the point for clear indication as it is showing more bearish than bullish signs. For example bearish candlestick: formation of shooting star pattern on 13th Arpil.
NSE:JSWSTEEL
by warrenwaytrading