Bank Nifty 14-06-2023 Brearish ViewI was not able to share this in morning but you can see how levels worked.
as you know yesterday we were in bearish mood but 1st 45mins has spoiled all everything.
Bearish Patterns
Nifty Wait for nifty to reach at resistance levels and let it form proper resistance and then we can go for bearish trade till support levels
BANK NIFTY INTRADAY ANALYSIS FOR THE WEEK FOLLOWING 12 JUNE 2023BANK NIFTY is experiencing a pull back, don't get bearish as of now
Zones and Levels to watch in intraday
Zones & Levels Above - 44443-44498, 44521, 44696, 44945, 45369
Zones & Levels Below - 43706-790, 43289-347, 42822-916, 42582-668
MATIC under Bearish Expansion PatternAs per MATIC Daily Chart
It's movements under Bearish Expansion Triangle Pattern from last 1 year to their last lower-low of 31 cent on 17 June 2022, and first time reached today at 75.5 cent after 30 Dec. 2022 second lower-low cut-of 74.6 cent...
If we check out complete data as per FIBB Based Support-Resistance patterns marking targets, than lower-low cut-off point is 69 cent while last Lowest-Low point is around 50-45 cents up to July 2023...
Always #DYOR before investing in Crypto Currency.
ADANI ENT SHORT Adani tested 2711 level and tested its resistance and falled sharp from the level i am in short trades with 2711 as sl will try to catch again this setup as tried previously and made handsome gains keep eye and connect with advisor
CNXMNCIt has broken parallel channel after 1.6 yr on weekly chart. let's see if we are going to have bear trap or the bearish fall. We yet don't have the follow through selling
Slowly but surely Ultimately it would slowly bleed to 337 (1st week of May 2023)
Could be a possible bottom.
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
ApolloTyres: RSI DIVERGENCENSE:APOLLOTYRE is making a higher high whereas RSI is diverging by making a lower Highs. If taken a trade, In my opinion if RSI crosses below the support line one must exit the trade and take out profits
Sale banknifty for the target of 43600Banknifty is trading in a flag pattern,,but now it's on their resistance levels. So chances are high bank nifty can come to test downside support levels. So this could be a short entry for around 300 points momentum..Right now it is trading 43925 and short from here and keep a small stop loss at 44150 and target we can see on downside 43700/43600/43550. MACD is going to bearish crossover very soon, RSI already shown bearish crossover. Price action and indicators all suggesting a bearish moment in banknifty. So if anyone wants to go short can go with given levels on chart.
Please follow strict stop loss and save your capital from wrong trade.
If anyone likes my work then please hit like, follow and comment.
Thankyou
Bank Nifty - 30 May 2023I expect NSE:BANKNIFTY to open Flat.
I expect market to open Flat and retrace downwards till our targets.
T1 - 44222
T2 - 44131
T3 - 44050
After our target T3, I expect market to bounce back upto today's high. i.e., 44500
Tomorrow is NSE:CNXFINANCE expiry.
My levels and views change depending on market opening...!!!
Trade or invest according to your analysis. This is just my view .
For complete analysis watch my YT channel
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Nifty 50 Nifty 50 All time High 18881.
25th May Nifty 50 18499 closing price
Nifty 50 Bearish Trend.
Nifty 50 are weekly timeframe use.
Bank Nifty - 24 May 2023I expect a Gap Down or Flat opening in NSE:BANKNIFTY
Nifty might retrace till the Zone Marked and Bearish momentum continues till the targets
Target 1 - 43755
Target 2 - 43600
My levels and views change depend ing on market opening...!!!
Trade or invest according to your analysis. This is just my view.
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Nifty - 24 May 2023I expect a Gap Down or Flat opening in NSE:NIFTY
Nifty might retrace till the Zone Marked and Bearish momentum continues till the targets
Target 1 - 18300
Target 2 - 18250
My levels and views change depend ing on market opening...!!!
Trade or invest according to your analysis. This is just my view .
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Bank Nifty - 22 May 2023Expecting NSE:BANKNIFTY to continue it's Uptrend.
Target 1 -> 44070
Target 2 -> 44125
Trade or invest according to your analysis. This is just my view.
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PVRInoxPVRInox is under Wyckoff distribution Schematic #1 on weekly chart. this may still take few more month for this to complete.
this is bearish distribution and presently its in phase D
I am hopeful one more chance you may get to exit long position
UPL Bearish way ahead ??!!!!Chart patterns convincing me to publish this above titled opinion
REASONS
1. UPL has been trading inside an Expanding Triangle pattern(10 year- from 2013) taking support and resistance at perfect levels till now.
2. Currently it is under the down swing move inside the pattern
3. Pink trendline from 2020 acting as support, Bears trying to get break that trendline ( June 2022 (1st time), Oct 2022(2nd try), now Dec 2022(3rd try)).
4. During the june 2022 and oct 2022, weekly candle broke that line(with wicks), but low didn't get tested and bulls took charge.
5. But, now the Breakdown candle(19 dec weekly candle) is more alike BEARISH MARUBOZU candle with LOW TESTED!!!!
6. This may be a sign of Bearish way ahead!!
7. In the Daily time frame, its been travelling in a channel pattern and respecting it too and currently an inverted cup & handle like pattern too formed in verge of a Breakdown!!(shown below)
8. It is better to not to Go long even if you don't short now!!!
9 . Strong day close above the 775 will pave way for weakness in Bears approach!!
If the stock goes as per levels shown, fib 0.382 , 0.5 can be the Target levels ahead!!
In the short term, we can have SL - day close above 738 and Target as 680
Let's wait and watch, how it is going to move!!!
Note - Just Sharing my view....not a tip nor advice!!!!
Bitcoin Uptrend Retest & Rejections#Bitcoin is under very critical zone now a days and mostly moving around $26.5k to $27.5k, while many times it rejects for uptrends and retest for #BearishZone of FWB:25K -24k but majority of chances, between 20 may to 20 June 2023, BITCOIN will be under #BearishZone of $24k to $22k and then FWB:21K - $19k too....
DISCLAIMER-
It's not any #FA, its just proposal as on chart analysis and previous market trends with public sentiments. for better results always #DYOR.
Bank Nifty - 19 May 2023Expecting a Gap Down today in NSE:BANKNIFTY
Nifty might retrace a bit and fall at least till 43500
Trade or invest according to your analysis. This is just my view..!!
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RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
Bank Nifty - 18 May 2023Disclaimer - I might be completely wrong today, as I've Bearish sentiment even after such a wonderful retracement. Even chart suggests a Bullish pattern too. Just a expiry bet ..!!!
I expect NSE:BANKNIFTY to open flat and trade in a range before falling down till at least 43400 .
It's just my analysis, do your own before traing/investing.
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