Last Hope * Bank nifty now trading its a major support area .If breakdown this area then may go down up to 300 to 500 points below.
Breakdown
Banknifty weakBanknifty has broke down from its trend line support first time after its long uptrend. Be cautious. Can take short position after small retracement
M_M Short IdeaM_M was in uptrend and recently price failed to create New High and made Lower High which indicates it as a double top pattern
Price is currently resting at neckline. It is weak below 790 Level (if fall continue watch out for breakdown and a strong rejection candle during retest)
WAiting for breakdownSell colpal after breakdown of double top pattern entry below 1583. With a minimum target of 1560 stoploss 1595.
BANKNIFTY BreakdownBank nifty looks weak and can breakdown tomorrow for possible targets of 31137 and 31000
Nifty breaking the Rising Wedge Pattern with RSI DivergenceNIfty has broken the rising wedge with RSI divergence. It has also formed a Doji Candle taking support exactly from 50 EMA.
It will be exciting to see what happens to Nifty below 14,000(50EMA & Low of Doji Candle).
I'm not saying it will definitely fall but this is just a simple analysis and it might even prove to be totally wrong. But I feel below 14000 we can see a small dip in the market.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
Nifty breakdownnifty looks weak and can breakdown tomorrow for possible targets of 13937, 13870 and 13815
BANKNIFTY Breakdown possibleBank nifty looks weak and can breakdown tomorrow for possible targets of 31137 and 31000.
JINDALSTEL BreakdownJINDALSTEL gave Flag breakdown after getting rejection by fibo level
Looking weak below 257.50 Level , Gap down can escalate selling pressure
View negates above 268 on the basis of candle close
Destroying the PatternsDestroyed the symmetrical triangle pattern like never before. Only Vimal, only vimal, only vimal.
NIFTY 1DNIFTY is currently trading at 13325. It has been bullish for a very long time now & a correction is due. The RSI is 75 which is near to the overbought zone. NIFTY is following the short term trendline and as it moves upwards the rally is getting exhausted. When NIFTY breaks down the short term trendline we can see a correction. No one knows how deep the correction will be, but NIFTY will surely take support on the long term trendline if it corrects to that point. There can be good investment options once NIFTY corrects.
Eichermotor 1hr AnalysisEicher Motors is following very good price action and it is facing good rejections at 2600 levels making a proper Head and Shoulders pattern. If the neckline which acts as major support breaks a nice fall is expected with RRR of 1:2. Also, a breakout from the trend line is expected as it is continuously getting rejected from it and a breakout can give good targets with RRR being 1:2.
Breakdown Trade -
Sell-2500
SL-2530
TGT- 2425-2430
Breakout Trade-
Buy-2540
SL- 2500
TGT-2600
Breakdown of Consolidation Zone in BERGEPAINTAfter consolidation in range in today's session, BERGEPAINT shows the breakdown of its support line. Possible downside minimum target according to chart pattern is 620.
Ujjivan BreakoutUjjivan breakout from the triangle nearing. Wait for a confirmation in the form of a breakout, in either direction .
S&P 500 : Trading at crucial levelS&P500 CMP 3390
1. Taking support at trendline (Pink marked line)
2. A bounce may expected from here (till Blue marked line)
3. If this support gets broken a downfall may be
seen till 3230 (green marked line)
Note : This idea is only for educational purpose.
Castrol india Chart Structure looking weakHello Traders
Castrol india is on verge of breakdown , Good downside could be seen if break mentioned level.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
Bears taking their position...goshhh...!! OpportunityTORNTPOWER SELL@325, SL@340, TARGET1@313, TARGET@295
TARGET1 will get achieved in a couple of days..
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-MOHIT RAJANI
