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Breakdown

BANKNIFTY BREAKDOWN OF INVERTED CUP & HANDLE ??!!!Chart Pattern depicts the situation clearly. 1. BankNifty travelling in a Descending channel(bright red and green lines shown in chart) 2. Inverted cup & handle formed and given a Neckline Breakdown with good volume!!! (and low too got tested) 3. Target can be 0.5 Fib support down ! !(as the depth of the cup measured) 4. 1hr closing above 42200 can fail the pattern and be our SL!! Nifty too in formation of same pattern but not given breakdown!!!and it needs to close below 17800 for this same breakdown!! Let's see how it moves!!! Note: Just sharing my view....not a tip nor advice!!!!!
NSE:BANKNIFTYShort
by mmjimm
Silver Showing Bearish SignsSilver was uptrending in previous weeks but it has faced rejection at crucial levels and currently there is breakdown of support in silver with RSI below 60 levels. Silver is kind of swing instrument which means it will swing between resistance and supports and as a trader we should sell at resistance and buy at support. Silver is trading below 5 EMA with RSI below 60 levels which shows it is corrective phase which may form A-B-C wave as per elliot wave principle.
TVC:SILVERShort
by Darshan_Panchal