Breakdown
Time to short BTCAs I mentioned in one of my earlier threads, I think we’ve got the confirmation to open up a short position on BTC/USDT. This is because we broke out of the rising wedge (the white line). Besides this, we’ve got 3 consecutive red candles on the 4h which makes it a good short opportunity. My take profit is around the 45K level (the green line). But since we’re in a bigger general uptrend one should be careful and place a s/l.
Maybe it will find a short term support around the 47K level because of the upperline of the falling wedge (the upper yellow line) and bounce.
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EURUSD Head & Shoulder pattern breakdown and retest.The Major pair EUR/USD has given breakdown days before and retested the level and now has came back for retest at the same level. Might see a fall from here upto the next support. 50EMA is also providing rejection and trendline as well. Lower Highs and Lower Lows formation showcases weakness.
Breakdown in APOLLOTYRE, How to go Short on a Stock!!!NSE:APOLLOTYRE
APOLLOTYRE which was Trading in a down channel has gone bearish and gave a breakout on downside of the channel
below 207.5 the stock has high chances to fall till 200 and if 200 breaks which has most PUT writing then more fall is expected
Currently Selling pressure in Major indices and fear mood of market would Help us going short on it.
Also PUT Unwinding has started in ATMs and ITMs
Conditions for going short
1. we need a breakout on a Support or a supply zone and closing below it
2. Trade would be more accurate if the breakout is on higher time frames such as 1D Time Frame
3. Selling Volumes must be higher, which would indicate a Heavy selling
4. If the selected Stock Contributes to any Index with good weightage then we must also consider
the Index performance and mood too for additional Assurance.
5. If the Stock has FnO then we must see that is any PUT Unwinding.
6.See if the Stock goes below 50dma.
#heromotorcorp potential short if H&S pattern breaks support#heromotorcorp weekly seems to have a head and shoulder pattern
watch out for neckline of same and whether if major support band currently it is reaching whether if it gets broken
and if so could be shorting opportunity if a breakdown red candle confirmed closes below it.
remember there is also a support available below near 2250 and only if it break do we have prolonged bearishness.
daily and weekly lost momentum to dip into bearish region.
NIFTY trend analysischarts gives the indication before the bigger trend starts...
nifty started its upward journey by making low 16163 with doji on 11th aug 2021
after that given number of confirmation to add longs... and went on to make high 16702
now again nifty made doji at top and doji low 16672 broken down with confirmation candle
given 1st hint of correction than back to back other two confirmation also given
now trendline broken .. expect minimum target of 16400
than important level 16340 .. if this level too decisively broken than only expect fall upto 16200-100
Gann pressure dates : 18th aug to 20th aug
and we have seen selling pressure on 18th aug... it may continue on 20th aug for above targets
TCS: Rising wedge breakdown?A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg downwards.
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The pattern which has formed resembles a rising wedge and price seems to be breaking down from it. The bearish volume on the latest bar is also above average. It is possible that the downward momentum may continue further for some time.
The 20 and the 50 EMA which act as support during an uptrend also seem to be reversing their roles. They are exactly from where price is reacting to the downside, so they may be turning into resistance.
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Price could see a correction to the round figure level of about 3000. A positional short could be initiated if price sustains below the "SHORT BELOW" level for 15 minutes.
SHORT BELOW: 3162
STOP LOSS: 3223
TARGET 1: 3106
TARGET 2: 3045
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Plan your trade and manage risk properly.
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KABRA EXTRUSION | STILL STUCK IN THE RANGE | NSE:KABRAEXTRU
STILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side.
In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar.
But only take the trade once it have a cross the the level on daily candle with volume on either side.
Do comment if you have any doubt or suggestion.
#hdfcbank heading further south?#hdfcbank heading south. it slid from the year long trendline channel post q1 results and then
M pattern neckline broke off earlier to set loose the slide and now lost the Fibonacci 50 retracement level 61%
also along with a below 40 rsi bearish momentum. Twice of double bottom could take the FII darling till 1360?
MARUTI - Breaking DownIf you ask me, it looks bearish as it broke resistance and failed retest, then retested new resistance and now validated it and remains below 7330.
Earnings are also in and the emotion is bearish.
All levels in the chart.
High OI at 7000. Once that is broken, we could see price drop fast.
MFI pointing down.
I would target 6850, and trail below.
Would definitely stop above 7335
Lets see.
Mentorship InstaView 27 July’21: So it decided to Break Down
Nifty View: A disappointing close from the benchmark Nifty index in today’s session - down 85 points to post a close at 15,734. This fall reverses the short term trend of the index DOWN and back to the support zone close to 15,650 which has so far worked well to hold up most sell-offs. Now, will it be able to hold up the index this time? My guess is as good as yours, but considering the higher time frames and the manner in which average prices have slowly tilted down, the possibility of some more weakness is very likely. As suggested before, this is not the best of times to go bullish aggressively, let’s wait out for a better price and opportunity.
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