Ambujacement 1Dtf breakdown Ambuja cement 1Dtf breakdown from a beautiful trendline with six previous supports
Bearish in both 1htf and 1dtf
Breakdown
DLF shortDLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Capitalizing on Relative Weakness: Short ICICIBANK Long Nifty 50Introduction:
In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up aims to provide an analysis of ICICIBANK's current trend, its ratio to Nifty 50, and how traders can profit from this relative weakness.
Section 1: Understanding the Ratio Chart
To gain further insights into ICICIBANK's relative performance, let's examine the ICICIBANK/Nifty 50 ratio chart. This ratio chart compares the price performance of ICICIBANK to that of the Nifty 50 index. By analyzing this chart, we can assess ICICIBANK's strength or weakness relative to the broader market.
The ratio chart reveals a broadening wedge pattern breakdown. This breakdown suggests a bearish outlook for ICICIBANK, indicating a potential continuation of its underperformance against Nifty 50. Additionally, the ratio has been consistently trending within a downtrend channel, emphasizing ICICIBANK's persistent weakness compared to the broader market.
Section 2: Pair Trade Strategy
Based on the technical analysis of ICICIBANK and the ICICIBANK/Nifty 50 ratio, a pair trade strategy can be implemented to capitalize on ICICIBANK's relative weakness.
The pair trade strategy involves simultaneously shorting ICICIBANK and going long on Nifty 50. By shorting ICICIBANK, traders can profit from its anticipated further decline, while being long on Nifty 50 allows them to participate in the potential upside of the broader market.
It is crucial to effectively manage risk when implementing this pair trade strategy. Setting appropriate stop-loss levels based on ICICIBANK's volatility and the overall market conditions is essential. Additionally, continuous monitoring of the ICICIBANK/Nifty 50 ratio is necessary to assess any changes in relative performance and adjust positions accordingly.
Conclusion:
The current technical analysis of ICICIBANK, along with its ratio to Nifty 50, suggests a bearish outlook for the stock. Traders can consider implementing a pair trade strategy by shorting ICICIBANK and going long on Nifty 50, capitalizing on the relative weakness of ICICIBANK compared to the broader market. One has to closely track the above ratio chart for the stop and target level for the pair trade
Breakdown in IEXIEX Share has broken down and may take support at 130 levels. However, the breakdown is due to fundamental issues and thus, one needs to take a closer look before jumping in. Coupling has been announced and this means that IEX will be hurt when it comes to price matchmaking. Even though IEX is more or less of a monopoly, margins might be under pressure due to new policy change.
Classic breakout failure of triangle patternBank nifty hourly time frame.
A good triangle pattern formed but broke down like brittle glass just after giving an hourly close above the breakout level. This is a classic study opportunity to understand how breakouts fail. Even a positive close doesn't mean anything unless price action supports it.
PS: One can always go short from the low of hourly candle with a very tight SL as major trend is up.
bear cartel shorting on hindalco 1 . hindalco forming bearish patterns
2. head& shoulder pattern formed
3. inverse flag
4. abcd may happen in harmonics
5. with strict sl one can go short
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
Ashokley Numerous Bearish signs!!!!Chart Patterns look good for a short trade
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line ) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
TCS SHARE WAS DESTINED FOR FALLING DUE TO THIS PATTERN
TCS had formed a perfect head and shoulder pattern on weekly chart which was nicely broken down and had finally reached the target
AXIS BANK BREAKDOWNNNNNNNNAXIS BANK BIG STRONG BREAKDOWN MAY BE DUE TO RESULTS,AS per our technical analysis short if it crosses breakdown candle low below on tuesday with minimum 1:2 take profit
BLUE DART EXPERESS BREAKDOWNNNNNNNNNNBreakdown not sooo solid buy small sl can short when it crosses low below the breakout candle on tuesday with 1:2 minimum take profit
WHY INFOSYS FELL SO MUCH (PART - 2)
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target
The double top was formed alongwith the wedge pattern which was earlier mentioned
GUJRAT GAS BREAKDOWNNBreakdown in gujrat gas can go for sell belopw breakdown candle with high od breakout candle as sl for 1:2
MCDOWELL_N Analysis- in verge of notable Down move ??!!!Chart patterns look prudent for the above titled opinion
REASONS
1. MCDOWELL_N has been trading inside a Ascending channel pattern (taking support and resistance at perfect channel levels)( shown below Monthly chart for broad view)
2. Monthly Breakdown by witnessing the January month candle(with volume bump) with low too tested the next month
3. Inside the Ascending channel pattern, it is undergoing the downswing move in the form of descending expanding channel pattern (shown by white trendlines)
4. High and Lower high too formed ....but we need lower low in the weekly chart to confirm the upcoming strong bearish move (shown below in weekly chart )
5. There is also a BEARISH PENNANT (shown in the above weekly chart itself) yet to breakdown!!!
6. SL level mentioned @ chart
7. Better to enter after breakdown...if entering now, take 736 as target
8. It needs to break the 730 level for the fat bearish move !!!
9. Will update target levels once it gives breakdown!!!
Let's wait and watch how it moves!!!
Note- Just sharing my view...not a tip nor advice!!!
Regards,
mmjimm
GODREJCP- Bull Trap to Breakdown SELL!Attached: Daily Live Market Chart as of 25th April 2023
Price put in a Breakout and turned out to be a False Breakout triggering a Rising Wedge Breakdown instead
Targets mentioned in Chart, Stop Loss as per Risk Appetite or today's High
Nasdaq 100- Rising Wedge BREAKDOWN!Attached: Nasdaq 100 CFD Daily Live Chart as of 25th April 2023
Was waiting for a quite a while for this to play out and it finally has today in the Nasdaq
Price formed a Distribution Pattern and today we are finally getting the Breakdown
MACD also in Sell Mode
13k Level is Lost and below 12800 it is a Confirmed Breakdown. This has BEARISH Implications, a Top in Place to say!
Breakdown in LTI Mindtree Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
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 Indian Energy Exchange Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
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 Bandhan Bank Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
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 Tata Power Company Limited...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
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.
OBEROIRLTY Soon to see a DOWN MOVE ???!!!Chart pattern insist me to go with the opinion titled above
Reasons
1. Oberoi realty has been respecting the channel pattern.
2. Now, it has given BREAKDOWN on Weekly timeframe out of 2.5 year old Trendline support!! (Channel too breached)
3. Volume too seen supportive for the down move.
4. Day candle closing out of the blue trendline will make our exit (STOPLOSS)
5. Target and SL mentioned in the chart.
12% down move awaits as per levels...Let's wait and watch how it moves!!!!
NOTE : Just sharing my view....not a tip nor advice!!!!
Kotak Mahindra Bank Short Trade Setup!Triangle Pattern Appears On Daily Chart, Upper Trend Line Act As Strong Resistance And Rising Selling Volume Seen On Chart. Sell ~ 1682, With Stop ~ 1723, Target ~ 1560. Expected Target April Expiry.
