Stock is in the process of a downward price movement. One can consider it as the negative breakout of bearish flag pattern. Stock is overbought on monthly candlestick chart. Thus, more likely that stock will further decline.
In this DOT/USDT Chart you can see that it is forming bearish flag pattern in 30 minute Time Frame and wait for more confirmation, if it break outs upper trendline than it will be fakeout but if it breaks lower trendline than it will go down....
I will update and Don't FOMO right now......
Anyone wants chart analysis of any crypto can comment below..........
Now we are going to analysis the BankNifty for coming weeks:
In Weekly TF:
Refer the Image,
1. Bearish Flag Pattern evidence
2. Index Closed in Support
3. Dynamic Support was in the range of 34435.13 & 32611.27 as per EMA50 & EMA79
4. MACD was Flatten
5. Stochastic RSI as per my View was nearing...
Hello guys in this chart it is forming Bearish Flag Pattern in 1hr time frame, I have mentioned all targets and short positions in chart you can follow that chart and also you can also have one small short opportunity at $0.1952 and two other short opportunity's given in chart. Keep eye on chart.
Well if u see the big picture then it's like a good move then a correction = Still bullish and if gives a breakout above the near high = a possible trade according to your risk system :)
Also, we can see an amazing head and shoulder move + a downside flag too + bearish too :)
Wipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement.
200 MA LINE
FIBONACCI 61.8% level
Zeel has broken its weekly support level and formed a bearish flag pattern or you can also call it a retest to that zone also.
P.S : Trade at your own risk, Conuslt your financial advisor before taking this trade and i would not be responisble for any of your losses.
Short < 1338
Stop-loss > 1403
Piramal Enterprise - Price broke the upward trendline on 4th September and pullback but faced trendline resistance at 1403 and fall back. Price made a bearish flag and breakout of the same is a shorting opportunity.
On a daily chart, the price made a lower high followed by a recent lower low and that...
PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend.
* Stock has broken trend line.
* Stock has broken support line.
* Developed bearish flag pattern.
* Retracement of flag is less than 50% of its Pole.
\I am a newbee nd publishing my veiws first time....
This stock is forming a "Cup and Handle Pattern" and it's also showing a breakout
nd u can also call it a "Bearish Flag Pattern breakeout" ....
.....so if anyone wanna trade it....
....ALL THE BEST.....
TRADE IT AT YOUR ON RISK....
Levels as mentioned on the chart
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Dhiraj Singh Bais
Warrior @ Battle field