Nifty with a huge gap up open, formed a marubozu in 1st 15mins. Later during the day formed a inverted cup and handle. Expecting a bearish trend with gap down open tomorrow. But being a weekly expiry day, things could go out of hand
1 Hour TF : Sbin is trading inside a Channel 1 Day TF : Desceding / Bearish Flag Pattern Breakdown from the Bottom Trend line is expected.
Based on harmonics...M&M short..... Do your own analysis...before taking trade
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Atul ltd looks strong bearish due to price and RSI making a negative divergence. Another reason is supply and demand. Both technical and fundamental reason is too weak to support this.
In my previous chart, I was bearish on Nifty as volume didn't support the price move in the index. As well as there were many bearish candlesticks on the daily chart pattern. I think the new channel is formed after a bearish island reversal pattern breakout along with bearish marubozu candle. Please refer to my previous charts where I have clearly shown why I am...
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Bajaj Auto is in a DT in Weekly / Daily TF, and is taking support on Daily support of 2417. this support line has been tested several times, and therefore has become important support. if this support breaks and the candle sustains, it would be a good candidate to go short.
The lower range that was in place for the stock from March 2020 post the lock down got taken out today (May 5). In the short term the stock can see further downside and could test 143-147 levels, if the price does not close above 186 on daily charts.
Asian Paints could witness selling pressure in the short term. Presented below is analysis of the stock in multiple time frames. Pitchfork analysis show that the price has tested the median line in the upward channel in a weekly time frame. A break below that could take the price to lower levels- possibly to 1620-1530 in the short term.
SIEMENS DOWNTREND: DAILY, HOURLY, HOURLY AND 15 MINS TREND HAS TURNED BEARISH Sentiments: Buy 18 % Sell 82 % Derivative Option OI Maximum Call @1300 (Resistance) Maximum Put @1100 (Support) ------------------------ SELL BELOW 1134 SL 1160 TARGET 1100 ------------------------
Head and shoulder pattern formation in GBPINR daily timeframe.
Pidilite looks exhausted fir and big upside move. Continue negative divergence on monthly basis. It will a good time to sit with cash and watch for few months. Bearish formation!!
Trade suggestion : This trade is only for education purpose and is my view about the pattern. Please do your own analysis before making any investments. Technical analysis: Nifty has made a bearish flag pattern and the retracement is uptrend pattern. If Nifty continues the uptrend and breaks resistance then Nifty further goes up and reach Uptrend targets. If...
Short Swing Trading Idea NSE:HATSUN Weekly Bearish Price Action Daily Bearish Price Action Shown in the Main Idea 75mins Bearish Price Action Multiple Time Frame = Bearish Indication Short Position Entry = 490.50 Stop Loss = 512.00 Target = 467