Bearish Patterns
10 may jsw steel will drop for intradayAcording to analysis JSW steel is in overbought zone as well as all the indicators are giving signal to sell, this prediction is only for 10 may not for the long term.
sell at 755
buy at 750,745,740
value will go down on Monday for sure for intraday trade. This info is backed up with various factors.
Bearish Tone in Bandhan BankIn the Daily chart, Bandhan Bank is showing a clear breakdown of support with significant volume which shows that there is weakness in the stock. If it continues to fall with good vol, then one can short according to own risk appetite. It can be either swing or intra short.
What the H&S!? What are the chances, OXT? 4HA head and shoulders possibly in production. Once OXT attempts 0.75-0.80 range, will a re-visit to the 0.25-0.30 range be in June? Looks to be a nice bearish BAT pattern that started forming around April 17 which may take us back to the 0.70s between May 5-8 before we begin to make a descent back down. What are your thoughts?
This information is not financial advice but it is our opinion. It is advised to do your own research and due diligence. Happy trading!
One last Pull to the downside C'mon NIFTY lets get over with !NSE:NIFTY can give a push to downside trying to test the bears sitting on 14000 levels. Can put a trap for sellers and then never look back?
The moves back a few sessions don't feel trending enough yet to start a bull run.
So I see a bit more fall before we are done for once it for all!
Come On Nifty! lets test 14140-14000 box and become a BULL after that.
#Nifty Trade Setup For Thursday (22nd April)As you see in the 15 minutes times frame, Market was bearish on yesterday.
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There is only a single advice just go with the trend, either its bearish or bullish.
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Buy PE till the level of 14450. If it's break you can go for CE.
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You can give your suggestions in comment box.
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Strong Bearish pattern in M&M Finance Very stong bearish triangle pattern for intraday trading tomorrow...Targets are given, the pink rectangle is no trading zone - if it opens gap down (about 0.5-0.8%) below the rectangle, or opens flat n breaks the rectangle, take short entry for given targets - Make the first candle's high ur stop loss or keep it about 1.5-2Rs, for a target of 2.5-6.2 Rs...Ignore if it opens huge gap down or gap up.