Bearish Patterns
#BTC BITCOIN NOW IN BUMP-AND-RUN REVERSAL BOTTOMBitcoin has been running bullishly since December 15 to $ 64,854 and is now
#BTC BITCOIN HAS BEEN RUNNING BULLISH SINCE 15.DECEMBER 2020 TO $64,854 AND IS NOW IN A BUMP-AND-RUN REVERSAL BOTTOM FORMATION.
Nifty sell on Rise market Avoid long position or swing position
Try to short (downtrend & correction not yet done in the weekly chart)
1.Global crisis
2.Market sentiments
3.Data analysis
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ITC 1h time frameITC clearing making a descending triangle, should probably fall. Do wait for a confirmation before you enter and also if the market turns very bullish it may go north also.
Trade wisely...
TCS - BEARISH FORMATIONTCS -the IT GIANT seems to be in trouble .FIBO retracements , bollinger band and rsi all have turned negative .
Stock can move down to 3063-2984 with sl at 3125 .
stock is trading below 50 & 100 days moving average and can go down to 200 sma 2807
SBI Card - Shorting OpportunityAfter a bearish order block, SBI card has already about to reach 50% equilibrium price (Fib retracement). As soon as it reaches between 62% and 79% retracement levels. It will be a good shorting opportunity and we can see a bearish rally to next liquidity pool levels marked on the chart.
Do share your views on the analysis.
BANKNIFTY on 15 mins chartBNF broke the rising wedge pattern. Rising wedge pattern is a bearish continuation pattern. We can expect more downfall for coming days. Trade well.
Banknifty analysis Banknifty is making a rising wedge pattern, which is a bearish pattern, the global cues are also bearish, probability of a bearish move is high.
Bitcoin Bulls display fatigue - A rising Wedge Pattern Trying to re-cross the 60000 "Psychological Mark", BTC bulls tried long at upper resistance line of the rising wedge. WIth strong resistance and exhaustive moves, it seems the bears might move in to play their part, soon. If there is a move below 56000, than we might see a some more downward motion towards 52400 or so.
Saying this, until we see a breakdown, the bulls will still try to push up or keep the consolidation mode on.
The rising wedge is made of converging trendlines connecting higher lows and higher highs. The converging part of the trendline indicates the decrease in upside momentum. Therefore, a downward breakage– a move below the lower end of the rising wedge – is considered a sign of bears moving in.
Graphite India looks bearish The analysis is given on the chart
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Bearish Trend for ADA in Short termADA is heading toward bearish as it is making a bearish channel and may go till 1.480365.
Bearish Trend for ADAADA is heading toward bearish as it is making a bearish channel and may go till 1.480365.
HEAD AND SHOULDER PATTERN ON RAMCO CEMENTS ON DAILY TIME FRAMEHEAD AND SHOULDER PATTERN ON RAMCO CEMENTS ON DAILY TIME FRAME
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.
HEAD & SHOULDER BREAKOUT IN GODREJ PROPERTIESOne can intitate Short position in GODREJ PROPERTIES with minimum target of 907
ICICI Bank showing Bearish trendICICI Bank is replicating what BankNifty is doing. So as Banknifty is showing weakness in all time frame, ICICI bank will also perform in the same way.
Short term trade can be initiated for 550 levels if the Neckline of the Bearish Head and Shoulder breaks.
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!
