Nifty Hanging by a thread!Nifty gap downed and took support on a Long term Trendline starting from NOV' 2020
Plus a visible H&S Breakdown doesnt look good for the next few weeks
Breakdown
[Positional] Mindtree breakdown retest short IdeaIn breakdown retest stock breaks down from it's support then it and gets rejected from it giving a confirmation that support has now turned into a resistance.
MIndtree right now has successfully retested it's breakdown point and gave confirmation of continuation of fall through follow up candle.
So, Sell trade can be initiated with SL of 4115.
One can aim his target at 3600 around. I personally will trail my Stoploss with no target.
SGX NIFTY given a breakdown !!!!SGX Nifty has shown a range breakdown with RSI breaching below 40, so be cautious.
SELL PVR BELOW 1610PVR has given breakdown of a bearish pattern known as ASCENDING WEDGE.
The measured targets can be upto 1450 but 1550 is a hurdel to cross as it is supported by 200 ma on a 4 hour timeframe.
RSI is weak
MACD below the signal line.
SELL BELOW - 1610
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
BITCOIN ready for a 'METEORITE FALL' !!!!For the first time BITCOIN had shown a negative MACD histogram on monthly charts be cautious,
also Double Top is clearly visible and RSI has also shown breakdown below 60 making its chart the dangerous one.
Ethereum a Falling Comet !!!!1 week earlier also I have mentioned this idea and it fell 220+ points more than 7%,
again I am warning Ethereum could really be a falling comet, be cautious.
Huge rounding top is clearly visible in its weekly charts.
AVAXUSDTPerp showing weaknessAVAXUSDTPERP showing signs of breakdown, given that BTC is weak as well this can be utilized to take a good profitable trade.
How to better time your entry and exit in Swing Trading?This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so better trading decisions can be made, which will pave way to better time entry and exit. Drawing trendlines, patterns, support and resistance and reading candlestick patterns are some of the ways in Price Action Trading. A good price volatility of a stock is essential especially from the traders perspective, as traders tend to make profit from the market using its volatility. Another important thing in taking up a trade is choosing the right Time Frame because in terms of volatility many of the stocks would fit into 1 Day time frame, some stocks would fit into 1 hour time frame, 4 hour time frame or 30 mins time frame etc. With all this in consideration, one can be expected to make entry in breakouts and shorting in breakdown. One should manually go through as much charts as possible and add to their watchlist that fits into their strategy. This roadmap is one of many ways to approach trading in Stock Market. This is just for Educational purpose. Thank You
Intraday Shree Cement Trade !!!!Shree Cement is breaking its important support also its RSI is breaching below 40
and there is bearish MACD crossover, could soon see levels of 24083 and 23900.
Short near 24300-24350.
Escort in consolidation mode for more than 3 months.Escort in consolidation mode for more than 3 months. Has a potential for both, breakout and breakdown. Option seller can also benefit till the time it gives a clear direction.
DOWN - How far ?GAP DOWN - Can reach Target 1 straight away and then Target 2 following a possible retest.
FLAT - Retest at recent resistance is possible to reach Target 1 and if breaks Target 2 is also possible.
GAP UP - Wait till breaks last session's day low to reach Target 1 & Target 2.
CANFIN HOMESCANFIN HOMES sell below 616.65 with sl of 622.25 for target of 1:2+,if it dosend touches our sell point and reversal with bullish engulfing or doji or bullish harami can look for buy,little risky as breakdown was not strong if it opens gapdown can look for sell,as chances are high for gapdown opening as sgx is v.down we can look for little bit retracement if it opens v.gapdown with our sl as given
ASHOKLEYLANDAshokleyland head and shoulder pattern with trendline breakdown can look for sell at 132below with sl of last candle high above ie.,133.15 for minimun 1:2+rr
Ethereum a Falling Comet !!!!Ethereum could keep falling as it has created a rounding top of larger frame, though we have seen a morning star pattern a bullish reversal signal but it has not sustained which means Bear are much stronger.
Hindalco is at an important area…Hindalco is at an important area…
Reasons/Traits :
• Cypher bullish harmonic pattern formation seen
• Below 20 and 50 EMA
• Trend breakdown retested and an inside bar formation seen today
• RSI, MACD and Stoch are in down trend
• Earlier channel breakout failed
What can happen next :
Scenario 1 : Price sustaining above 460 levels can take it to 472/488/510/547 (to complete cypher harmonic bullish pattern)
Scenario 2 : Price break down below 460 can take it down to 454/438/425/410/400 levels
Important levels are mentioned above and it doesn’t mean it will achieve all one by one … price can hover along these prices and due course of time will tell us the price movement between these levels. 460 is important level and breaking it can take the price down or it can bounce back.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Breakdown in Torrent Pharmaceuticals...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakdown in LIC Housing Finance...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HCL DOUBLE TOP + 200 MA BREAKDOWNHCLTECH fell with every other I,T giant like wipro & techm but it looks more bearish from here on.
All analysis is explained in the chart above.
Short below - 1045
Targets will be 3%, 5% & 10%
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Tata steel for shortNSE:TATASTEEL
if forms any W or bullish pattern then go long or short
Note: I'm not Sebi registered guy, it's for education purpose only.
Please contact your advisor before taking a trade.
Chart Analysis of InfoEdge (23 Jan 2022)Info Edge (Naukri)
Full body bearish candle formed with increasing volumes.
Heading towards 4042 level.
Only for educational purpose. Not a recommendation.
Bank Nifty looking for short spreadForming the double top formation price yesterday given the breakdown and now treading below the neckline and going down with good volume. post is only for education purposes, not an advice to buy and sell.
Maruti Double Top or Further BreakoutMaruti is showing signs of Double Top pattern as it is at crucial resistance zone. If it is a clear breakout above 8400, then possibility of more upside. If it falls from here, it could move down forming Double Top pattern. There are some new regulations coming for EV in auto industry, It will be interesting to watch this out
Double Breakdown | Triangle & Trend line | Dmartseems down sides for dmart from here
break triangle pattern down side also
crossed long rend line from April 2021
