MFSL Short for Intraday - 05/03/2021Looking for Bearish flag pattern break. Good opportunity to short MFSL NSE:MFSL
Short below 909
SL 917
Target 895
Bearish Patterns
HINDCOPPERHindcopper looking bearish after forming a DOJI and bearish MARUBOZU at the top of the trend.
BankNIfty#banknifty Looks #bearish in the Micro Picture. A fall till 32000 to 33000 Looks possible. Macro still remains #Bullish
This would be a Retest of the Previous high.
After that, we should successfully push to 39000 and above.
This is what I Feel!
#Nifty #Futures #nseindia
Nifty will fall to 12300 by next 2-3 months.As nifty has formed the RSI Divergence on Daily Time Frame.
so, I am expecting that it will fall to 12300 in the next coming 2 to 3 months then it will start to recover.
BankNifty Weekly chartBank nifty has scope to come till the immediate TL support near 33700 levels. Which turns out to be the 50% level of Fibonacci.
Nifty daily chart breakdownNifty has broken a support area of 14650-700 more bearishness can be seen in coming sessions which could lead the index till 14250. Along with the formation of the lower low pattern.
HEAD AND SHOULDER BREAKDOWN IN MINDTREEIn 1H time frame we can see that there is a breakdown of HEAD AND SHOULDER pattern. It also did the retest, if you want to play safe then you can go short once the 1571 level gets break because there is no near by support zone. It's a good Intraday or Swing trade for tomorrow
TATASTEEL (Bearish WW + False breakout)It will fall fast below 730-725 levels. Currently wait and watch if the breakout is real or false. Today's closing very imp.
NIFTY Trading levels for the daynifty levels mentioned in the chart
SGX Nifty was up in the green but A long bear candle was formed, after the formation of small negative candles in the last four sessions, which indicate that the downside momentum has started to gather strength. This could mean chances of more weakness for the Nifty in the coming sessions. The next crucial support is placed at 14300 -270 level.(we mentioned it already)
Yesterday’s nosedive by Sensex erased 1,145 points with the benchmark index closing at 49,744 while the 50-stock Nifty tanked 306 points and gave up 14,700 mark. Rising bond yields, inflation worries across the globe, and the resurgence of coronavirus cases domestically are believed to be troubling the stock markets.
Factors driving markets
US bond yields rise: Benchmark US Treasury yields hit a near one-year peak but the dollar eased against rivals.
Covid cases: In some pockets of India, covid cases have started spiking, spooking investors who believed the crisis was all but over. If this leads to more lockdowns, there could be more negatives for the market.
Stimulus coming: President Joe Biden's push for a $1.9 trillion Covid-19 relief bill took a step forward on Friday as a US House of Representatives committee unveiled the legislation Democrats hope to pass by late next week.
Bank Nifty post market analysis on 22-02-2021Bank Nifty post market analysis on 22-02-2021
Short opportunity at 9:35 candle's low with 1:2 risk reward ratio
Reason : Market has retested 19th breakout zone and formed a bearish pinbar candle at 9:35 am. We should have taken Short position below 9:35 am candle
Second time Short opportunity at day's low breakout at 11:15 an candle with 1:2 RR
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LARSEN & TURBO INFOTECH # BEARISHBREAKOUT # BEARISH TREND START .....MAINTAIN LEVEL AS MENTIONED IN CHART
