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Bearish Patterns

Nifty: Chart set up, Technical Analysis view and strategy When Nifty was sub 16000 levels this is what was posted Hit the play button and see the magic of Technical Analysis. Now Nifty is near 200 day EMA current levels have also acted as Support in the past can the same zone act as resistance now? Will Nifty fly higher or would it stop? Only time will tell... We are not that bullish from here on . We have covered up our Nifty long position and have a initiated a trading strategy in morning to trade the new situation. Our strategy gives us protection of 550 points to be wrong and yet not be in loss till expiry. F&O trade is risky so trade with proper risk management in place. Take care & safe trading...!!! Life & Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
BTC wait for longs and shortsAs, we see BTC/USDT has been consolidating from last 14 days, so 1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside 2) But if bulls manage to break out of this kind of side-wise trend than it will show big move upside So, huge moves are coming, if we break this sidewise trend (probably downside) price might consolidate(or retest or take pullback) before breaking out (Don't open any position on wick) (Don't take trades based on this idea, even I don't trade according to my idea) (Do your own analysis) (NOT A financial advice) (High chances of loss if you follow my idea)
Short
by Aayush_Ganjawala
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
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