Get started

Breadownanalysis

SUPREMEIND- Support break downThe chart shows that the stock has broken an important support level. This support had held the price many times in the past, but now the price has fallen below it. The breakdown has happened with high selling volume, which means more sellers are participating and the move is strong. RSI is also below 40, which shows weak momentum and that the stock is in a bearish phase. When price breaks support with high volume and RSI stays low, it usually means the trend can continue on the downside. This setup suggests caution because buyers are weak and sellers are in control.
NSE:SUPREMEINDShort
by PowerOfTA
3
Support Breakdown in ICICIBANKThe breakdown of a key support level typically signals that sellers have gained control over the stock, which often leads to further declines. The chart shows ICICI Bank's daily price slipping below strong support, which traders watch carefully to time short or protective put option trades. Buying puts here benefits from the falling stock price causing put premiums to rise. The suggested profit targets and stop-loss levels are based on technical price levels derived from the previous support turned resistance and the magnitude of the breakdown move. This trade idea is best suited for traders comfortable with short-term bearish plays using direct short selling or options strategies that capitalize on falling prices.
NSE:ICICIBANK
by Kapil-Mittal
7