Attached: NDQ Daily Live Market Chart as of 20th March 2023
- Price has triggered a Bearish Anti Butterfly Harmonic Pattern
- Price has also broken Previous Day Low with Previous Day being a Doji Candle
- And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag
- The saying goes like, "From False Moves come Fast Moves in...
Attached: Nifty 50 Weekly Chart as of 17th March 2023
This Week's Candle has Closed below the Trend Line drawn from the October 2021 Highs, after having broken out above that same Trend Line back in October 2022
So Price went from giving a Breakout to New Highs of 18,887 in Nov 2022 to slipping back below 18,000 and now it is back below the Very Important...
Yesterday, I had posted regarding the IVHS pattern of Nifty. Today, market had a big breakaway gap up opening followed by upmove to a strong resistance of 17600.
Yesterday, the market had given a bearish closing and looks like this was a short covering which was triggered by strong Rupee vs USD.
Today's closing above 17600 would be either a bull trap or a...
in my view the fourth correction wave is running now .. if my view right then
the fourth wave target something around 28k - 30k . then the last wave of 5
will take the price nearly 11k zone. #btc #eth #bullrun #beartrap
It's been quite some time since I posted.
Just look at the this beautiful chart, you can find confirmation through various pattern and also can see some indication of institutional activity.
If tomorrow a small inside candle is formed then it will be best time to build position(near 600) for a target of about 45-50% with SL at 560 i.e., RR of 7.
NSE:ICICIBANK
Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal.
A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200.
There is a Gap between 778 to 788... which is offering resistance!
Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25,...
Today again nifty is at all-time high. But if you look it can be following this rising trendline as resistance. So it can take resistance from it and trap all those buyers who went long from all-time high breakout. So a little gap down can give us a good bearish move.
Comment down your thoughts on this.
NSE:MGL
I have posted this in my earlier post for MGL.
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on...
The stock of National Fertilizers Limited (NFL) has exhibited a 'double bull trap' as shown in the 75min chart. The first time bulls were trapped on 12 May at morning highs in the range of 72.5-73.5. The trap was laid further the second time with another gap up crack on 20 May with 72.5 high.
Imagine the plight of the folks who bought at these zones. They will be...
#banknifty
Butterfly flying above 26,500 is a problem and can go till 28,180, the biggest trap is FOMO (Fear Of Missing Out) and that's where the problem starts.
The butterfly can stretch 127% to 161.8% ( 127% is done).
Please correct me if I am wrong ..as there was
trading holidays
less volatility
FII buying
Short Covering
Does the current upmove is backed by volumes
What's your thoughts?
NIFTY WEEKLY CHART SHOWING EXHAUSTION
NOTE:-
VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK
IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE
TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE
VIEW:-
RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008
MACD MOMENTUM BAR IS -227 WAS EVEN BELOW
THAT BUT MANANGED TO COVER...
