Breakdown
Short Dmart Short Dmart Stoploss 2935 target 2630
Study: Breadown from Trend Continuation Pattern (Flag Pattern)
Mahindra and Mahindra: 1Yr TL BD + Recent Swing Low Broken The scrip has broken its recent swing low for the first time after COVID and and the same time, it also has broken the 1Yr TL that it has been pampering till now. It's a feast to SHORT now!
Beginner's analysis.HCLTECH had made bearish butterfly pattern.
Expecting 900 level in coming sessions.
Market is being bearish after long uptrend move.
Do your own analysis.
Beginner's analysis.DrReddy has broken a year long trendline.
Let's see how big the fall would be. I honestly don't know,
though expecting big downfall.
EICHER MOTORS - INVERSE FLAG & POLEEICHER MOTOTRS- INVERSE FLAG & POLE potentially forming. Short only below mentioned level. Also, moving in a channel and can also take a support and move upwards. But as a market is bearish it can break down.
SBI SBI
crucial support at 385
weekly close below 385 will take stock to 355 levels
be careful, if anyone has position
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
BANKNIFTY DOWN TREND ANALYSISSince Friday, the market has been trending downwards. Today, we seemed to have taken a pause and made an inside candle on the daily chart .
Some key points from today's trade were, Bank Nifty closed below the key support of 35,000.
There was large PUT open interest @ 35,000 which seemed to reduce drastically towards the end of the day.
The market retraced upwards but was unable to re-test the 50% retracement level @ 35,550, keeping the downtrend intact.
Considering that the market breaks the swing low @ 34,450 and moves lower, there is a very high probability that we could move considerably lower towards 32,800. This is presenting an excellent risk reward situation to take trades on the short side.
If the market opens with a gap up, the down move may not come tomorrow as there will strong support @ 35,000 which maybe difficult to break. Hence, the best case situation for short trades will be that the market either opens flat and continues moving lower, or it gaps down below 34,400 and moves lower without a near by support in sight.
These are my personal views and I reserve the right to be wrong. Like and follow, if you found this helpful. :)
POLYCAB BREAK OUT OR BREAK DOWNA very simple channel analysis, if the stock break out get into the stock with a target of 1445 and SL at 1310 or if the stock break down get into the stock with target of 1200 and SL at ATH(1390 or 1400).
Get into the stock at your own risk it's was just my view on this stock.
BankNifty Weekly chartBank nifty has scope to come till the immediate TL support near 33700 levels. Which turns out to be the 50% level of Fibonacci.
Nifty daily chart breakdownNifty has broken a support area of 14650-700 more bearishness can be seen in coming sessions which could lead the index till 14250. Along with the formation of the lower low pattern.
Britannia looking weak. Need to wait for confirmationBritannia seems like broke down after forming a symmetrical triangle. Breakdown confirmation will be done after 15mins candle closes below 3380. Important levels mentioned on chart.
MY VIEWS ON ABBOTTINDIA STOCK ON DAILY TIMEFRAMEHello Fellow Traders, this is my view on ABBOTINDIA STOCK on daily timeframe. We can see that price has broken from the triangle kind of pattern and retested it with a nice buildup and decrease in volume for giving such niche move to downside if trades goes based on our way, rest market is supreme. Everything has mentioned on the chart.
Do let me know your views on this analysis
Uptrend Channel Breakdown in MCDOWELL_N For Target of 500Last week MCDOWELL_N breakdown its uptrend channel and retrace again its breakdown level. In today's session, it gives a breakdown of its retracement support. After this breakdown expected downside target will be 500 in this stock.
ASIANPAINT Short IdeaGave breakdown with Support volumes
Going below 2370 is weakness
View negates above 2450
MCX Short Idea MCX gave a retest of Neckline and got Strong rejection with Supporting volumes.
Can be Weak below 1550 Levels
DOES NIFTY50 IS GOING TO STOP FALLING?As we can see NIFTY50 broken from the ascending triangle and consistently falling.
CASE 1.
NIFTY is at a major support level if it will break level we might see some more bearish move to downside at 50% fib level and then to another support level
CASE 2.
NIFTY bounce back from the support level To 14220 level and then above resistance zone
Let me know guys if you liked my analysis on NIFTY50 and do share your views on NIFTY50
