RR is really good. Bearish WW and Bearish Divergence confluence.
Trading suggestion: . There is a possibility of temporary retracement to suggested resistance line (150.35). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Jamna Auto in the daily chart showing a bearish reversal as per Harmonic Cypher Pattern. Strategy: One can enter a short trade at or below 57 ( Fibonacci 0.786 level) with a Stoploss of 65. The exit may be planned at 31 marks. Risk Reward ratio -: 1:2.5
Banknifty seems to have formed Head & Shoulder pattern in daily chart. Be cautious. BankNifty may experience free fall. Avoid put writing (selling) of future buying. This is as per my analysis. I may be wrong too !!! Do Your Own Study Before Taking Any Decision All These Charts Are For Learning Purpose.
Looking for Bearish flag pattern break. Good opportunity to short MFSL NSE:MFSL Short below 909 SL 917 Target 895
Hindcopper looking bearish after forming a DOJI and bearish MARUBOZU at the top of the trend.
CMP 365 Target 330 Duration 1-2 weeks SL - 390
#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
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.
Bank nifty has scope to come till the immediate TL support near 33700 levels. Which turns out to be the 50% level of Fibonacci.
Nifty 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.
In 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
It will fall fast below 730-725 levels. Currently wait and watch if the breakout is real or false. Today's closing very imp.
BATAINDIA READY TO FALL , Making a head and shoulders pattern
nifty 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...
Bank 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 :...
Nifty looking bearish, very short term. Lets wait and see.. cheers!