Bearish Patterns
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.
Canara Bank breakdownbreak down with engulf candle 8%....
it may touch level of 170 in upcoming weeks
RAIN @ Support !!NSE:RAIN
#RAIN trading @ support level and seem weak below 163.
Levels marked for practice.
Happy LEarning !!
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
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Disclaimer.
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My studies are for educational purpose only.
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Global Market ViewNDX 100 Weekly chart shows that Market is in bearish phase new lower low in price and RSI is below 40
Bearish Pattern @HindalcoBearsih Pattern Studied
Target was set @ 489 on 2nd Apr.
Target Reached 472 om 2nd May
☠DANGER☠ - Death Cross in Nifty !!!!Death cross is visible in nifty also nifty is facing resistance
at the falling trendline which is very negative.
Both RSI and MACD is negative i.e. again bearish.
Avoid fresh longs and short below 50D moving average
i.e. 17129.
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.
ICICI Bank- Gravestone Doji on weeklyWith results due on 23 Apr, ICICI Bank will be interesting to watch out for next week, as bearish formation visible on weekly charts i.e GRAVESTONE DOJi
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.
wedge pattern breakoutthe breakout was happened with good consolidation near the top of the pattern, which is a sign of the strength of the breakout.
SL will be today's candle low
target are mention in chart
happy trading
DaburDabur is in parallel channel past 167 days. FMCG index is showing sign of bearishness from here. so , I don't think it may breakout of channel
GNFC - Bearish Extreme CRAB GNFC is Rallied Continuously. Near 3.618 Extreme Level it will Cool Down
Ready For Short near 834 to 853 Level
#IIFL updated harmonic#IIFL updated harmonic
Harmonic worked perfectly
No fresh entry.
Profit booking target-350
CMP: 332 @ 10 April 2022
ACC (Bearish)ACC:
Industry: Cement and Cement Products
The stock is discounted at 17% from all time high levels.
Daily Chart:
1. Respecting its falling trendline
2. Forming RSI Bearish Divergence (Stock is forming HH and RSI is forming LL)
3. Formed Doji and Shooting Star (bearish candles) on trendline
Addl Points:
1. FII/FPI have decreased holdings from 13.76% to 12.75% in Mar 2022 qtr
2. Mutual Funds have increased holdings from 8.85% to 9.23% in Mar 2022 qtr.
Notes:
The above analysis is just for educational purpose.
