Bearish Patterns
AU SMALL FINANCE BANK SHORTAn inverted Cup and Flag Formation can be seen in the daily chart. RSI trendline suggests that it may fall in upcoming days. MACD is showing momentum, but still in negative zone. (OPEN THE CHART FOR DETAILED VIEW)
AU SMALL FINANCE BANK looks weak if it breaks below the flag formation.
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ITC - How many Times will 200 Hold ?200 is acting as support but its been tested too many times...
Lower highs structure is bearish for the stock.
I am betting on it to break and move lower towards 185 and then 175 and maybe even lower.
Invalidation of the structure will be higher low and higher high.
Matic - Amazing Run | Time for correctionBearish RSI Divergence on multiple high time frames.
Weekly RSI at 96 keeps bother me at this level.
Send it south.
MShort
End run of Steel - Bearish view of JSW A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels.
But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area.
It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.






















