Bearish Patterns
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.
nifty shortspike up move from the 1st candle of the day without any retracement( considering 5 min chart) appears as bull trap. reversal awaited
breathe after three days rallyNifty has been continuously moving upside with gap up positions from the last three days, it may be considered as a spike. Zone 17500 to 17000 is seen to be good fight between bulls and bears with bear sell at top range and bull buying at the bottom range. Sentiments still negative with neutral point of view.
Crude Oil - Head and Shoulder playThis is a conventional chart pattern - Head and Shoulder on the bearish side. This set up is most likely rewarding when completes. Here in the example I have taken Crude Oil (MCX) as an example.
Profits are generally the height of the head from the neck line.
AUD/USD Facing Wall of Resistance at .7556 to .7617Bearish Scenario
A sustained move under .7537 will indicate the presence of sellers. If this creates enough downside momentum, we could see the start of a correction back to the first support zone at .7351 to .7307.
Nifty Swing predictionCombining Pitchfork and harmonics gives better results .
Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and
17k is breached then we can clearly see stronger move down side .. and the target is given on the chart ..
thats where the D leg started for the Gartley pattern and the target for that swing can also be seen on chart which matches perfectly with an error percentage of 10
lets see how it goes.
Another Possibility
Symmetrical triangle formation at Dr. Lalpath lab Symmetrical triangle formation at Dr. Lalpath's lab, can go up as well as down, probably down because of Pharma index looking week on weekly timeframe
#L&TFH next harmonic - update#L&TFH next harmonic - update
Target- 93
PRZ-71-73
SL-69
CMP:74 @ 8 February 2022
#CREDITACC Harmonic worked perfectly#CREDITACC Harmonic worked perfectly
Near to profit booking zone
PRZ-836-827
CMP:804 @ 14 MARCH 2022
GBPAUD DROPGBPAUD is currently at a very good supply zone. It should drop to next demand area what do you guys think about this.
Mighty Head & Shoulder in Crudeoil may drill the ground deeperIf this second H&S pattern valid, this level going to work till my last target.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Banknifty AnalysisBanknifty reversed from day highs today and saw pressure at the zone where we marked as a potential resistance and close well below that levels. Now talking about the future we can see Banknifty test 34000 and it might break it as well. If 34000 breaks than we can see prices attempts to touch 32000 level where index see some support. While on upside resistance is still at 34950-35150.
Banknifty bearish viewi think market wii be sideways to bearish tommarow my analysis is only for educational purpose
Banknifty Trading Near support area Banknifty Trading Near support area around 33800. if the break is level and trades below this level in 15 min candles then more falls expected
Tata Motors (Bearish View)Currently the stock is trading at 26% discount from all time high levels.
Tata Motors (Daily):
1. Stock has closed below 200 Days Exponential Moving Average
2. Forming Running Gaps (making it more bearish)
3. Increase in selling volumes
4. Stock is heading towards the previous breakout level after long consolidation and distribution phase. Support is around 360 levels.
View Point:
1. New investments can be made around 360 levels
Addl Points:
1. FII/FPI have increased holdings from 13.35% to 14.57% in Dec 2021 qtr.
2. Mutual Funds have increased holdings from 6.50% to 6.52% in Dec 2021 qtr.
Note:
For education purpose only, do your own analysis or consult your financial advisor before taking position.
Banknifty bearish viewi think bank nifty will fall tommarow why the reasons i mentioned above comment your view
this analysis is for educational purpose only
ICICI Bank (Bearish View) Currently the stock is trading at 18% discount from all time high levels.
ICICI Bank (TF=W):
1. Double Top pattern is being formed on Weekly time frame. Stock has given closing below "M" pattern (Double Top) neckline.
2. Also, the stock has given closing below 50 Week Exponential Moving Average.
3. Selling Volumes are continuously increasing.
ICICI Bank (TF=D)
1. "M" Pattern breakdown.
2. Trading below 200 Days Exponential Moving Average
View Point:
1. Stock seems to be bearish seeing global cues and formation of Double Top pattern
2. Can be accumulated at lower levels for Long Term Investment
Addl Points:
1. FII/FPI have decreased holdings from 47.29% to 45.28% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 27.21% to 28.20% in Dec 2021 qtr.
Note:
1. The above analysis is for educational purpose.
