The stock has some unfilled gap. I suppose that it will breakdown and fill that gap before it starts its upward journey.
You can go short for target of 2168, and then go long.
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Nifty Auto is at resistance levels of a trendline on monthly timeframe chart.
After 2020 fall it had broke the major resistance and took support on it.
Now from support zone it had made higher lows, but not the higher highs.
Index had contracted for last few months so now there is high possibility it may show big move one side.
This month we may witness a major...
S&P 500 has broken a long term trendline which acted as supported and retested before falling further down. This indicates Bearishness in the market, and market may be in for a short term correction before any further uptrend.
DYOR before any making any investment or trading decisions.
DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
As 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...
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.
Directional view on Bank Nifty.
Levels marked on Charts. Credit Spreads can be deployed accordingly.
Trail SL when in Profits.
Disclaimer: All charts are for educational purpose. Consult your financial advisor before investing.
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.
#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...
charts 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...