Bearish Patterns
Is this the End of Bearish Trend ?Let's wait for the breakout of level 1.26351. inverted Head and shoulder pattern is formed.
SHREECEM: Bearish RSI DivergenceBearish RSI Divergence spotted on the Daily time frame. The price has been consolidating for the past one week while showing losing momentum with the falling RSI .
Entry Point has been marked along with Strict Stop Loss and Target 1 and Target 2 based on Support and Resistance analyzed on the Monthly/Weekly/ Daily Chart time frame. Book partial profits at Target 1.
P.S: Enter only if the stock breaks the Trend Line on 8th March 2020.
Let me know your thoughts on this.
Cheers!!!
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.09.
Take Profits:
TP1= @ 149.70
TP2= @ 149.40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
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XAUUSD(GOLD) - BEARISH TREND Description:
The counter XAUUSD is in the descending triangle from 31st March. The support baseline at the price 1676.48 and the resistance trend line at the prices 1755.62 and 1745.98 together form a descending triangle. Today the price is moving near the resistance line and it is expected move downwards. The bearish trend of the counter may continue further in the counter. The curves of the stochastic indicator are at the level 80 which gives additional support to the description.
The major levels for this counter are
R2 –1746.72
R1 –1738.10
PP –1721.92
S1 –1713.30
S2 –1697.12
RIL bearish outlook #H&S_patternHead and shoulder pattern is clearly forming in RIL. Check out the chart for levels.
Retesting of BO. till 128 Weekly closing basisThe Breakout is getting retested on weekly time frame. Its a short till 128 but BTST isnt allowed . So Long term investors may accumulate but this stock might hit levels of 128.
On upper side above 145 closing for 2weeks may show a strong support. RSI too weak for the candle. Volumes are also low.
💡Don't miss the great sell opportunity in GBPNZD Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (1.9765).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.65.
Take Profits:
TP1= @ 1.9650
TP2= @ 1.9610
TP3= @ 1.9545
TP4= @ 1.9470
TP5= @ 1.9380
SL= Break below S2
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💡Don't miss the great sell opportunity in NZDUSD Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (0.7270).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.6940
TP2= @ 0.6775
TP3= @ 0.6615
TP4= @ 0.6385
TP5= @ 0.6240
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Trade well, ❤️
ForecastCity English Support Team ❤️
Banknifty - Lower highs formation | BearishContra bet in this bulllish Market.
Banknifty chart seems to have topped at 37700. Since then, It has been printing Lower highs with base of 34500 - 35000.
Index must break the lower high formation to turn bullish again Or Break the base of 35000
Index may test Previous All time high of 33000 which also happens to be 61% retracement of the whole 30000 to 37700 move as per fibonacci retracement tool.
BAJFINANCE BULLISH HARMONIC FROM 5241BUY ON DIPS. Potential Target near 5632
FRESH Shorts could be taken near 5630 with SL 5681 on 15 minutes candle
Wipro on 15 min chartWipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement.
SUPPLY ZONE
200 MA LINE
FIBONACCI 61.8% level
Gold Shorting for Swing TradingPullback and will continue downtrend towards 1600 Support Zone.
Perfect time to Short XAUUSD.
Short tata consumer Short at 602 or macd 15min sell indication expect
( As the fmcg sector is following the downtrend could help give momentum )
Sell = 602
sl = 605
target = 681-682 ( 3% target )
