Bearishsignal

Death Crossover Strategy Explained with 50-EMA & 200-EMA line.Hello Traders! In today's post, we’ll explore the Death Crossover Strategy , a highly effective technique used by traders to identify potential trend reversals. This strategy involves the 50-EMA (Exponential Moving Average) crossing below the 200-EMA , which is considered a bearish signal. In this chart of IndusInd Bank Ltd., we can clearly see the Death Crossover in action. The 50-EMA (green line) has crossed below the 200-EMA (red line), signaling a potential downtrend. Key Insigh

by TraderRahulPal

Will we break the channel or will remain in consolidation Over the past few months, the index is oscillating in the channel, it is a continuation pattern. It tried to breach the upper trendline but fail to do so It opened above the previous high but couldn't sustain above it and ended up forming a bearish candle. Global cues are not in favour to break this level, we may see a downward rally. Upside the green trendline is resistance and the 17600 level holds an important support.

Descending triangle spotted - Escorts Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average. Descending triangle is usually a continuous pattern. If it breaks triangle's baseline (514-513) then be ready for good fall (100 points fall is expected in that case) . However, if it shows up move, buy above 550 for tar