Nifty - Inverted Cup & HandleNifty is creating a bearish Pattern,
Breakout Point is below 23260 level, a bounce should be seen till 23800-900 max from here.
Sell on Rise
Bearishsetup
ANGELONE - SHORT VIEWWe can look to Short Angel One near 3180 once there is a Negative Candle formation.
Targets are pretty good and risk reward is favourable too. Final Targets can be 2345.
Disclaimer: All information give is for educational purposes. Please consult your financial advisor before investing.
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SELL SIlverWith reference to earlier shared ideas for silver, we continue to sell silver for a very short period of time in 15m timeframe.
A beautiful M-Pattern is formed and it's neckline is being tested.
Please follow the Targets given.
Do your analysis before taking a trade.
17 Jan ’24 — How the Mighty has fallen! HDFCBK takes down N50 ⬇️Nifty Analysis - Stance Bearish ⬇️
Recap from yesterday “We would like to give one more opportunity for Nifty to hold its ground. We would start the day tomorrow with a neutral bias and wait for Nifty to fall below 21913 to go bearish.”
4mts chart
Not only did Nifty50 open 360pts gap-down, but it broke the 21913 support. This was the laxman rekha for us below which we had to go bearish. It all started when HDFCBK -8.44% started giving up points like crazy. The results announced were alright per se, but the signs of NPA going up and EPS staying the same would have unnerved the FIIs. Nifty ended up losing another 100pts to close at -2.09%. When was the last time you saw a 2% or more fall in Nifty50. Even when SPX and NDQ had multiple episodes of 2%+ falls, Nifty50 was showcasing its resilience.
63mts chart
Yesterday Nifty was at the top end of the ascending channel and today it closed right at the bottom end. From 26th Oct 2023, Nifty has always respected the bottom part of the ascending channel. The next support comes up at 21491 and falling below that would also mean we are breaking the channel. We changed the stance from neutral to bearish in the opening minutes, hope you got the email via TradingView minds when we pivoted.
DLF shortDLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
BankNifty (Bearish Wolfe Wave)Pattern is activated. Expected a pull-up till 40600 and forming double top before falling. Target till previous gap (39400-39500).
NIFTY BEARISH VIEWnifty is looking weak the reason are mentioned above why i am bearish this analysis only for educational purpose
Adani Ent - Consolidation Downside Breakout Observed that the price action breaks out from the consolidation zone of 145-135 levels and closed below it, indicating further weakness ahead. The price action may further dip down to the 130, 125 levels to also fill up the big gap on the chart too.
T1- 130
T2-125
SL-139
Ashok leyland Agressive Short and long set up this is a set up only for experienced traders, All indications point for a Medium term bullish trend in Ashok Leyland, but i always play with 2 way strategy on any stock i trade. My first set up is bearish set up at CMP stop Loss 130, Buy back price - 116, At 116 i will buy back double and have a stop loss for 115, and then exit partial trade at 130, and then continue with holding till the trend changes. Let me know if you have any doubts
