All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Dmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
Atul ltd has currently taken support at 4500 but seems it will break this and reach 4250 or 4000 before continuing the larger up-trend.
Would wait to see the consolidation play out before initiating any fresh buy positions.
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...
Trend is Bearish as per moving average MAY expect pull back up to 18300 to 18450 then wait for confirmation to move further down (based on candle) up to marked levels.
BEARISH ENGULFING FORMED 4HR BASIS
**Educational purpose only
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