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Bearishpriceaction

IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC CMP - 900 IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth. I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame. Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets. What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
NSE:IRCTC
by akshit_official
4
BIG Bounce Or Fall? Banknifty Simple Analysis for tomorrowRecap: As mentioned yesterday's analysis Bank nifty started with fake break out after firing 2 strong bullish candle on 15min & then a sudden dip trapped many players. But still strong support 46900 helped saved bulls to reach again for a breakout but failed & BN closed at support 46900. Analysis for Next Day: Bears have started dominating as seen today bulls failed to break 47200-47300 level twice also confirms bears presence more then bulls. Again mentioning bullish presence is strong above 47300. Trend line support has also been broken in last 30 min session today & closed at support. if BN open below 46900 this can be bearshish move. Keep eyes on opening print. Bulls can bounce from daily resistance if gap up opening is seen & for momentum they need to cross 47300. Looks like may be it will a sideways day tomorrow. Support : 46900,46700 Resistance : 47100,47300 Note : Do your own analysis before making any trade decesions.
NSE:BANKNIFTY
by Price_actiontaker14
Nifty : Standing Against the Bulls, Potential Short !Shorting Nifty Now ?? That too in this Bull market ??? Yeah... If they get aligned and validate My rules I have no hesitation to short the Nifty. I'm looking at few rules I have, (i) Fib level reversal ( Yes) Golden Ration 61.8% in Resistance zone (ii) Resistance zone - Yes (iii) Fib extension confirmation - Yes Waiting for Bearish price action confirmation to short. But that doesn't mean Nifty will reverse, so follow your own trade plan. Nifty may give bearish signal and take out my stops again, so trade your own plan. According to Me if the rules confirm I won;t hesistate to short Nifty. This is called as following your trade plan everytime with discipline. Standing Against Bull Force... Happy Trading !
NSE:NIFTYShort
by InsiderB
12