Nifty has formed bearish engulfing on daily basis and shooting star in a weekly chart. Dual bearish candle at downtrend line showing weakness in Nifty. RSI is in overbought zone and now started moving down from above 80 to 70 level. Short term trend is still bullish but below 17700 or breaking below regression line, trend will reverse. Nifty Short below...
Bank Nifty 38986 dated 19-8-2022 1. Bearish Engulfing Pattern. At top of the chart. Sell below 38800 for tgt of 37400-37050 SL 39500 It is just a view, pls trade at your own risk.
Above weekly chart shows a bearish sign by forming Shooting Star Pattern @ falling trendline resistance which is not good for short-term. This one sided rallied from 15200 levels shows that bulls are getting exhausted & over stretched. So it may cool-off & may re-test breakout zone. This view will be invalid if shooting star pattern high is broken out on WCB.
Bearish engulfing pattern & closed below falling trend line resistance. This candle high to be taken out on DCB for further up move. On the flip side 17245_17390 is the next support zone & 16660_16795 will be the next big support zone
DJIA breached the falling trendline resistance & 50 WMA but can't hold above it & formed shooting star. Last week high should be taken out for further upmove & downside important zone to watch is 32940_33300
PENIND | Channel breakout - Looks potential for 25-40% CMP : 43 (Dip : 40) SL : 36 Target : 50, 57 Second target calculated based on Fib extension
AUDCHF trade opportunities AUDCHF is currently on a support line it can move on any side I have mentioned in the chart in the direction of the market. if the market closes outside of the mentioned area then find Price Action signals on a Lower time frame with good risk rewards.
Perfect bookish shooting star!!! Sign of a trend reversal
Shooting star at resistance same as like nifty it may follow nifty's foot steps on the following trading days.
Look like upside opportunity of target price of 2750 and there is good accumulation up to 2260
NSE:SBIN It is short term trade The stocks is geting resistances from lifetime high so its has rejected by many people. Also its rsi is also reducing which indicates its weakness The first target is 500 and second target 490 . This is for educational purpose.
NSE:BANKNIFTY The index is daily resistances T HE FRIST target is 38000 and final target is 36800 . Also here is mother candle at a daily candle which indicates weaknesses This is for educational purpose
NSE:NIFTY THE index is at important level at daily time frame The first target is 17400 and second target is 16800. As the index has resistances from its life time high trend line. Also the is bearish Engulfing candle This is for educational purpose.
Since December 2021, 5 times the bearish engulfing pattern has been formed at a High, 4 out of 5 times the NIFTY has gone down after bearish engulfing pattern. Today (August 19) is the 5th time.
Hello Everyone ... I m going to share one of my observation , may it will help all of you for understanding one of the way in which price flows ........... Stomach Pattern Definition and Action. 1) Above Stomach Pattern •What is Above Stomach Pattern ? The above stomach pattern is a two candlestick pattern which evolves over a period of two sessions. It...
NSE:BSOFT #NSE:BSOFT symmentrical triangle ready to BO. Marked on chart. Do check my signature column for my details.
This idea is a follow-up to Ambujacem You can check the Link to Related Ideas ( Detailed analysis done in 15th Aug Video ) Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Good Morning! Just as we had stated yesterday about witnessing volatility in the Market, similarly we did witness the same in the Yesterday’s Trading Session. Wherein, Nifty showed us a beautiful recovery during the last trading hours, and ultimately gave us a positive closing. Which altogether indicates a good sign. Moreover, it seems like Nifty is somehow...