Slanting Head & Shoulders in GICHSGFIN. It's a very bearish signal and it is better to exit the position if you are holding the stocks for the short term.
Bearish zone started for BRITANNIA from 3987.35
This stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
As we can see, this stock has taken support at the same trend line for about 7 times. Given today's candle and negative price action, this can break towards downside and we could see a rapid downfall.
Bearish Gartley observed in GODREJCP Wait for a strong terminal bar in hourly timeframe for entry Target 1 = 630, Target 2 = 603, SL = 722 Reward : Risk = 3 (approx) To repeat, stock is in strong uptrend, enter trade only if strong terminal bar is seen.
Bearish zone will start for nifty from this levels
Everyone draws their support and resistence lines differently, this is my channel of support and resistence. As long as multiple buttoms and tops touch the channel, it's as good as anybody elses guess. What's important is to look at where this price is compared to the previous weeks candle. The fibonacci I drew is from the Low to High of last week. So these fibo...
Disclaimer - Risk cannot be separated from reward, unlike humans they are loyal to each other. Tech Mahindra has made a bearish engulfing pattern today on daily charts with volume confirmation (volume on the engulfing candle was higher than previous candle and average volume), the pattern is at a channel resistance. This can be shorted with SL 648.25 and target 551
Grasim – CMP - ₹588.90 Dt. – 15-07-2020 On the weekly chart, you can see how the stock is falling since 2018. The stock has given closing below 20DEMA. A support level is placed at ₹581.15 and if the price breaks then it can go below ₹500 easily. Redline will act as a crucial support line but it will take a couple of months to reach there. If some good news comes...
Sbicard creates the Rising wedge pattern on the daily chart and make the bearish candle at the top line and now come to down more points. Sell near 700 and put the stop loss 710 and target is 691-680-670.
NSE:SBIN (FOR LEARNING PURPOSE ONLY) Price below 50mvwap On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60
Doji candle on top may be a trend reversal. If NIFTY will not go above 10850 then we can see the bear market and get the level of 10400.
I hope you can now see how the SBIN represents an excellent Bearish Crab low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be...
I hope you can now see how the GC1! represents an excellent Bearish Bat low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be...
The Bearish Bat Pattern: A B point that is less than a 0.618 retracement , preferably a 0.50 or 0.382 of the XA leg . In addition, these structures are excellent trading opportunities when they form at distinct levels of resistance. Resistance 109-112 For targets 97 & support.
Good Evening Friends, Nifty looks to be showing making top at 10600 levels. If Monday shows a negative closing, it will confirm evening star which usually gets formed at top and looks for bearish reversal(on daily charts). Looking closely at 15 min chart, it RSI shows negative divergence on 3rd July closing. For Trend to reverse nifty will need to go and test...
Hi , i have added all the key supports in the chart . Feel free to ask any doubts if you have.