Bearish Crab
EXIDE INDUSTRIESshare name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss is 150 for this script
thanks
Nifty - Bearish Crab Harmonic PatternNifty Bounced 475 Points Approx. from the bottoms of 16840 & It was nice to capture few points in between as updated on last idea - Tata Steel / 26th Jan2022 - Markets Closed
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Trading Strategy
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Pattern Invalidates above 17325 which is the stop loss
Trigger comes below 17179
PRZ - Potential Reversal Zone marked as Orange Box
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Last Idea - Tata Steel -Head & Shoulder
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TATA Consumer looks strong…TATA Consumer looks strong…
Reasons/Traits :
• Today gave a break out from two day inside bars with a big green bar with very good volume
• Above 13 and 50 EMA
• Price touched 0.618 retracements levels
• RSI increasing
• Bearish Crab harmonic pattern formation is in place
What can happen next :
Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels
Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
HDFC Bank - Bearish CrabBearish Crab pattern seen in HDFC Bank.
This is not a very perfect pattern (looking at BD ratio).
We have considered this because of the RSI divergence along with harmonic pattern.
This is a Weak Signal + Strong Context signal.
We are expecting a 176 Rs. fall in next 15 odd days, and we will be keeping stop loss at 1260.
Views only for educational purposes. Assess your own risk before entering financial positions.
Our material is free to refer. If you earn from our material, please consider donating 1% of profits towards education of poor children.
BTC/USD is Ready for the Downfall BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
BankNifty Bearish CrabI hope you can now see how the BANKNIFTY 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 assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBIN Bearish CrabI 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 assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BankNifty Bearish CrabI hope you can now see how the BANKNIFTY 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 assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BHARAT FORGE (SHORT) 1D NSE1) Bearish Crab Pattern ( Harmonic Pattern )
2) RSI - Bearish divergence
3) Candlestick Pattern - Bearish One Black Crow
4) Strong Resistance @ 503
5) Stock Reversed from Channel TOP
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6) 1st Target - 462-460
7) 2nd Target - 435-433
8) SL - 503-501
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
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Auropharma – 831 to 750 - A crack!Auropharma – 831 to 750 What a crack!
Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018.
If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true scenario for an analyst.
Flashback
Overnight (As of 4 - 6th Dec 2018) , Auro was moving within rising wedge –a common term used by traditional analyst until I came to know about wave analysis where the same structure was termed as “ending diagonal” – a overlapping structure which indicated that the upward structure could be ending soon.
Rising Wedge
When a financial instrument (which could be stocks, forex, commodities, bonds etc,) price has been rising over time, trendlines drawn above and below the price chart pattern can converge to show a potential reversal point at a peak. This reversal point can indicate a bearish price point signal in which the security’s price is subsequently expected to reverse lower.
In our case the peak was 831 High and we got excellent selling opportunity close to the peak at 825-826 zone – High was 826.70/826.80- rest is the history
Target achieved – 794 as suggested over the video with small pause and breaks at 815 -810 zone.
This pattern is used by traditional analyst and wave analyst
Books – Technical Analysis -Edwards and Magee ,Wave Analysis - Frost and Prechter
Polarity Reversal = History Repeats
What happens is that history essentially repeats itself, but the role of price at that level changes from resistance to support and vice versa.
Polarity Reversal concept explained in my favorite book which was the first one I referred for the journey of technical analysis written by – Edwards and Magee.
Important Polarity Reversal zones in last week
790-792
777-775
Candlestick Analysis
Evening Star – 3 candlestick pattern as suggested in the book – Candlestick Analysis by Steve Nison
Steve Nison – Father of Candlestick Analysis.
Book – Candlestick Analysis by Steve Nison
Harmonic Analysis
Bearish Crab - Excellent Harmonic Structure occurring at 831 was an amazing clue
Book - Harmonic Analysis by Scott Carney
Trendline / Channels
Book – Technical Analysis by Edwards and Magee is the reference book.
Financial Astrology
Term used by financial astrologer- “Retrograde” was also updated in previous video idea of the Nifty Index – “Mercury, Markets and Mayhem below 10800” – Mercury retrograde runs till 6th Dec 2018 – if you haven’t gone crazy – don’t worry market will make you crazy.
Note-
As updated/suggested on 29th / 30th Nov 2018 in last Nifty Video Idea comment section –we expected to be cautious from 10950-11000 zone which was danger zone
What type of analyst are you? You just had to pick and execute –rest you were bound to enjoy the markets.
Finally, It was kaka’s blessing directly from Bollywood (Kaka – Late Rajesh Khanna) – stands out to be real tribute to this Bollywood actor in the creative way (audio clip) as updated in last video idea.
Thanks.