For the past few days, its Consolidating in a range. Making a Descending triangle pattern.
Now it may break downside. Let see tomorrow.
For me it looks bearish below 530
may fall up to 500-510
Shower some LIkes!! If it Helps! :)
CONTINUATION GU - FROM 1.25500-1.25700 REGION
LOOKING TO GO SHORT GU FROM OUR BLUE ZONE WE HAVE CONFLUENCES THAT AT THE 1.25500-1.25700 REGION WE COULD SEE SOME SORT OF SELL OFF IN THIS REGION WE HAVE 61%FIB ALSO A TREND LINE AND TWO PRICE GAPS THAT HAVE TO GET FILLED UP IN THIS AREA
ALSO WE HAVE ELLIOT WAVE WHICH LINES UP PERFECTLY WITH THE 4 WAVE I THINK...
As we saw yesterday Reliance took a dip to 1564 region which was Target 1 and bounced exactly form support to break the previous ATH of 1620 and made a new high of 1626.70, which brings back reliance in a bullish trend. As on 16/06/2020 if reliance opens in positive and holds up to previous days gains, Buy Reliance above 1627 with SL of 1623 with a long term...
Asianpaints on 1 hour time frame is trading between 2 important zones as shown in the chart.
A break of the lower side of ZONE2 at 1577 could push the price further down following a Bearish ABCD pattern.
Furthermore, Fibonacci levels plotted over the last bearish swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those...
Bitcoin has closed below the rising trend line, saw a retest of 0.382 fib level and we have a bearish engulfing on the 0.382 fib level.
We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart.
Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to...
crude oil mcx looks bearish unless it breaks the resistence of 2800
below 2600 we can short for the tgt of 2400 - 2250
the points and levels are for educational purpse only trade at your own risk
pls like the page and share the chart
After breaking through 10100 and 9950 supports, Nifty seems to be in a strong bearish trend.
Moving Average crossover on the chart in 1 hour time frame also confirms the same.
Nifty has a minor swing low at 9800 after which the next strong support lies at 9600.
9600 levels are also at a 50% Fibonacci retracement of the last bullish leg.
I hope you can now see how the NIFTY represents an excellent BEARISH Gartley low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
same pattern with Dax
Knowing why, where & when a strong reversal signal is being generated will be the only way to...