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Bearish Patterns

Nifty Daily AnalysisNifty broke its major support area of 18k which was also the 0.786 Fibb Level, this 18k level was the last support for a pullback according to Fibonacci Retracement levels. As in our analysis for 25oct we stated that if Nifty broke 18000 we can see 17800, today nifty made a low of 17799 and gave a little bounce. What's ahead now - If price breaks 17800 then Nifty can go down till 17600 to find support, while on upside it is clear that 18000 can act as resistance now.
NSE:NIFTYShort
by karan_bagri
Interglobe Aviation ShortHead and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its baseline. In this case we can expect an approximate of 15% fall in the prices if such a breakout is to happen. Keep an eye out as the pattern is still incomplete. This graph is only for educational purposes; invest at your own risk. Stoploss: 2055 Target: 1650
NSE:INDIGOShort
by shubh010305
2
MULTIPLE REVERSAL PATTERNS IN NIFTY 50LONG TERM BULLISH STRUCTURE OF NIFTY 50 IS INTACT. In Short Term we might see some pullback due to 2 reversal patterns and also formation of head and shoulders Support levels have been discussed in the chart. Reasons for pullback 1.Weak global cues 2.Rising crude prices 3.Bearish engulfing pattern 4.Island reversal pattern 5.Formation of H&S 6.Multiple rejections from 17800 levels FOLLOW me for more such content ahead.Do hit the like button if you gained something from the post Till then, HAPPY TRADING :)
NSE:NIFTYShort
by keshevdugar
4