Breakdown
Britannia - Keep On WatchCMP 4575 on 04.03.25
The price movement has made a head & shoulder-like pattern in recent sessions and showed a breakdown of the pattern.
Also, the price has fallen to a crucial projection level that has acted as a support in the last 5 years. If it breaks down and sustains below this level, a bearish move may be seen.
Downside targets may be 4150/3800 or even more.
This setup remains active if the price sustains below 4700. Above 4820, setup will go weak.
One should keep the position size according to the risk management.
All these illustrations are only for learning and sharing purposes, not a buy or sell recommendation in any form.
All the best.
Bitcoin showing weakness. It may test 76076Bitcoin chart is weak now. weakly RSI below 60 MACD also negative. Double top pattern form and correction showing. As per chart it may test 76076 soon. It can short on any bounce up to 92000.
These is Neckline place near 76076 of Inverse H&S pattern. It would be retest of neckline.
ONGC : Is oil Going to burn?
Technical View
Box trading strategy in which you identify a stock consolidating for couple of days and trade in the direction of the breakout. In case of ONGC the stock was consolidating for about three days before breaking out earlier today.
PRO TIP
Use the High of the candle as your stop loss and trail it to either protect profits or hold your trade for longer duration.
Target 227 Intra-day Target
Fundamentals
Weak Q3FY25 Results:
ONGC's consolidated net profit attributable to owners declined by 19.4% to ₹8,621.69 crore in Q3 FY25, compared to ₹10,703.13 crore in the same period last year. This drop was attributed to lower global crude prices.
The company reported a 6.9% decrease in net profit for the quarter, standing at ₹9,784 crore, down from ₹10,511 crore in the same period last year.
ONGC's gross revenue also showed a slight decline of 0.7%, falling to ₹1.66 trillion in Q3 FY25, compared to ₹1.67 trillion in Q3 FY241. The company's revenue from operations also saw a decline, reaching ₹166,096.68 crore.
Bearish Trend: The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which indicates a bearish trend in its short to long-term performance.
Brokerage Views:
CLSA has cut its FY25 EPS estimate by 5% due to cautious outlooks on the company's production and profitability
Not an investment advice
Nifty 50 | Head &Shoulders Pattern – A Breakdown Ahead?Hello everyone! I hope you all are doing great in life and in your trading . Today, I have brought an in-depth analysis of Nifty 50, focusing on a powerful Head & Shoulders pattern that is currently forming on the charts. This pattern is known for signaling a bearish reversal, which increases Supply in the market pushing prices downside. If this pattern plays out as expected, we could witness a strong Downside move in the coming sessions.
Currently nifty is trading at 23,340 levels Where previously buyers had shown interest pushing the market gap up following this pattern is selling pressure these buyers could Exit their position Pushing prices to 23,232 (Target 2) and 23,134 (Target 3).
Disclaimer:-This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
Smallcap Index Breakdown: Retailers Brace for Impact!Smallcap Index Breakdown: Retailers Brace for Impact!
The Smallcap Index has fallen decisively out of its rectangle base. While it briefly re-entered the zone, it has now resumed its breakdown trajectory, signalling more pain ahead for portfolios.
🔎 What to Watch For:
Testing of the 14,900 support seems increasingly probable.
A 2-3% drop in Nifty could potentially double the impact on Midcap, Smallcap, and Microcap indices.
Retail investors, especially those who bought near the highs, are likely to feel the brunt of this breakdown.
⚠️ Why It Matters:
Breakdown in Smallcap and Microcap indices could trigger widespread panic selling.
Investors need to manage risks proactively and avoid emotional decisions.
The recent breakdown is a reminder to maintain disciplined investing and avoid impulsive decisions. Focus on long-term strategies that align with your goals and risk appetite.
💡 Actionable Insight:
Rather than reacting emotionally to the market, this is a good time to focus on capital protection strategies. Ensure you’re following proper risk management and avoid overexposure to high-risk assets.
💬 Let’s Discuss:
How do you plan to navigate this potential storm? Will the index find support at 14,900, or is more downside imminent?
🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Please consult with your financial advisor for personalized guidance.
ESCORTS is very bearish after the breakdown
DESCENDING TRIANGLE :
Due to the breakdown from descending triangle pattern the stock has become very bearish till the target price is reached
TESTED STRONG SUPPORT-RESISTANCE ZONE :
The stock has reversed from strong resistance level recently which was earlier tested several times as a strong support
TARGET LEVEL :
the price has a target level of 3196
From Novice to Pro: Navigating Support & Resistance Like a BossGreetings to all. I trust that you are all thriving in both your personal lives and trading endeavors. Today, I present educational content aimed at understanding the concepts of support and resistance in chart analysis.
Support and resistance are key concepts in technical analysis used to identify potential price levels where an asset's price might reverse, stall, or consolidate. They are often visualized on a price chart and are critical for traders making decisions about entry, exit, and stop-loss levels.
1. Support:
Definition: Support is a price level at which a downward trend may pause or reverse due to a concentration of buying interest.
Why it works: Traders perceive this level as a "bargain," increasing demand and preventing further price drops.
Visualization: On a chart, support levels often appear as a horizontal line or a sloping line below the current price where previous price action reversed or consolidated.
Breakthroughs: If the price breaks below a support level, it may indicate a continuation of the downtrend.
2. Resistance:
Definition: Resistance is a price level where an upward trend might pause or reverse due to selling pressure or profit-taking.
Why it works: Traders perceive this level as "expensive," reducing demand and increasing selling activity.
Visualization: On a chart, resistance levels are horizontal or sloping lines above the current price where the price struggled to move higher in the past.
Breakthroughs: If the price breaks above a resistance level, it may indicate the start of a new upward trend.
Common Characteristics of Support and Resistance:
Role Reversal: Once a support level is broken, it often becomes a new resistance level, and vice versa.
Psychological Levels: Round numbers (e.g., $50, $100) often act as strong support or resistance due to psychological significance.
Volume Confirmation : High trading volume near these levels reinforces their strength.
Types of Support and Resistance:
Horizontal Lines: Based on past price action.
Trendlines : Diagonal lines formed by connecting higher lows (support) or lower highs (resistance) in a trend.
Moving Averages: Dynamic levels that adjust with price movement, often acting as support or resistance.
Fibonacci Retracement: Levels based on mathematical ratios indicating potential reversal zones.
How to Use Support and Resistance:
Entry Points: Buy near support levels or after a breakout above resistance.
Exit Points: Sell near resistance levels or after a breakdown below support.
Risk Management: Place stop-loss orders just below support (for long positions) or above resistance (for short positions).
Today, I decided to share some educational content, as my previous posts have primarily focused on trade ideas. I hope that you all would find this educational material valuable and engaging. If you appreciate this type of content, I encourage you to show your support by liking this post and following me for more educational insights in the future.
AXIS BANK DOUBLE TOP UNDER FORMATION AND NEAR BREAKDOWN Axis Bank Ltd. Double top or Trendline and consolidation breakdown
to keep on radar
Will it survive and sustain above its support ?
or
Will it Breakdown and slide further down
Lets see how it evolves further
Other points of consideration are
1. RSI on daily taking support at 40 levels
2. Narrowing Bollinger bands forming a rectangular consolidation on daily charts with price trading near lower Bollinger Bands
3. Price slide below lower bands and RSI sliding below 40 on daily chart will make the stock further weak
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Reliance : Where is the next Stop?Reliance broke down from support and gave a weekly close below that support. Looks bearish to me.
The next stop could be 1100. If market is to fall further then this will be an ideal shorting candidate.
If the markets were to reverse from here and we get a close above 1300-20 levels can try a long position and add small quantity.
This is just a view and not a Buy/Sell recommendation. Please study the chart.
Based on the market movement, find your opportunity.
NIFTY 50 - Breakdown on Daily chartNifty 50 has given a clear breakdown of
major support level on daily chart.
Currently it is trading below all the
important MAs and few more correction
is expected.
My analysis says that it would go down
till 23550 - 23680 level where it can take
support.
After taking support at these levels,
it can again bounce back.
Shift from Downtrend to Sideways – Will It Hold or Reverse?Looks like NIFTY and Bank Nifty have entered a sideways zone,
Nifty Range
Upper / Resistance : 24500
Lower / Support : 23900-23800
Bank Nifty Range
Upper / Resistance : 52350
Lower / Support : 51150
#Nifty #BankNifty #Sideways #Patterns #Trend #change
AU BANK - This Range is No Joke !Please pay attention to the range 695 to 755
If there is reakout or breakdown then consider trading that side, also keep boosting or liking this so that I am reminded to trade the same too !
Honestly, In my opinion there is a great accumulation or distribution happening (I cant figure out between the two) but I surely know that this is the preparation for a trending move 100%.
Keep watching this script and believe me, I've seen these a lot of times.
Market at Crossroads: Will the Next Move Be Up or Down? After 1200 points down side in 5 days, will nifty continue to fall more or it will consolidate for the new upside run ??
Nifty looks oversold in smaller time frame, looking at those it seems we should see some bounce back up !
Overall to stay cautious and stay alert on the indexes, would suggest to stay away from Futures and Options.
SBIN : A perfect breakdown short trade📉 SBIN has depicted a perfect breakdown of rising trend line in the Daily time-frame.
🔰 It's RSI also broke the 40 level in the Daily chart. So, it's a clear trade of short.
🟥 Short : 785-780
🎯 Target : 760 / 730
🛑 SL : above 800
⚠️ Disclaimer : It's not a buy/sell advice. It's a view only for educational purposes.
BEL : A clear downtrend candidate 📉 BEL has shown a clear trend line break down in a daily time-frame.
🔰 It has broken down with a good short volumes. RSI also broke the 40 levels.
🟥 Short : 290
🎯 Target : 287 / 280
🛑 SL : above 295
⚠️ Disclaimer : it's not a buy/sell advice. It's a view purely for an educational purposes.
TATAELXSI, Technical OutlookAs the price is already in a downtrend, now we have a fresh breakdown.
A short trade of 5% to 6% can be planned here.
What are your views on this short setup and which level is best for technical stop loss ?
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IOC, Technical OutlookAfter the break of structure the price has been trading in the negative zone. The breakdown of 164 could open the levels of 161. But the range of 164 to 161.40 could also act as a strong support zone. But the probability of a negative move is high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty on Radar, View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
MANKIND PHARMA, Fresh breakdown with a strong momentum.After the break of structure the price has successfully retested the upper levels now we have a fresh breakdown with a strong momentum. The price could test the lower levels of 2,056 and on my probability scale it is more than 55%.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATACONSUM, Breakdown of Descending Triangle PatternThe price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.