Inverse cup with handle + Head & Shoulder + 50 MA Bearish Crossover of 100 and 200 MA.
Gaps left to fill on downside. Breaking the lower trendline can trigger selling
Adhering the Channel Can be Short at 285 levels or at Current levels Stop Loss 291 Target 265 levels
All patterns are reversal patterns. Better to wait for price to reenter the trendline and give a false breakout scenario
Stock is around ATH levels. So it can either give a breakout or can make a triple top. Betting on the later one.
NSE:NIFTY #NIFTY50 VIEW SHORT AROUND 11540 TO 11560 SL 11640 TARGET 11460 / 11380 / 11300
Bearish Engulfing Pattern formed. It can retrace upto fibonacci levels - 78.6, 61.8 %
Last Fall from 22365 & fails to hold 22300 levels mentioned over the idea. Got the fall 22300 to 21400 -------------------------------------------------------------------------------------------------------------------------- Bearish Gartley From Same Level ------- 22365 ( Very Close) --- If BNF holds "below 22365 / 22300 " then we can expect a drop to 21600...
Analysed levels mentioned on chart!!! Regards @MrAkshatP
Stock has been rallying since a long time. A correction move is highly possible
Channel Breakdown Short Bias Can be Short at 480-475 Levels Positional Target for 420 Levels View gets negated closing above 525
Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3=...
ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019 ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times. Also we can find a downward trend on overall chart So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish....
Strengthened USD can be the reason for bearish Gold , At the end of the week the pair looking to settled down at the zone 1810 zone which the nearest demand zone..
Please use these entries as breakout points. And Do not trade when a gap up or down occures. Entry : below 147 Target : Trailing Stop loss Stop loss : above 147 This is not a recommendation. This is for educational purpose only. Consider all risks possible with stock market. Thank you Have a nice day Happy Trading!!