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Crab

Nifty - Grab or Crab!Nifty, bulls hold the fort almost till the last rush hour, putting everyone to sleep mode. Last 75 minutes comes the rush and rush was sharp and closed lower. The internals do not look great. Broder markets lack the momentum to push further up. We have drawn the bearish crab pattern; the approximate high is around 18400-500 area. Either we have already hit or there is some room to go. A stretched-redrawn pattern points to close to ATH, then the failure. The higher we go the higher the base. For now, the cost of hedging longs is cheaper, as the base moves to 18280. The break of this on close basis warns the inability of the bulls to push higher. Overseas, we witnessed see saw moves, post the comments from FED Bullard on the interest rates. The dollar does rally from the vital area, equity initially gave up and then recovers. It still remains mixed. The rally in some of the global indexes is running almost more than a month. There is a possibility of pause as we approach the crucial resistance zone. Markets are still consuming the consumer price data of last week and thus the range play there. For here 18280-480 is the range. A direct break below 18280 warns deeper wounds while a move past (need a close above 18430) opens for more gains. Supports 18310-18280-18230, Supply 18380-18410-18430-18470. Sell rally 18380 stops 18428 for move to 18300-280 area.
NSE:NIFTYShort
by sreebhashyam
Nifty - Bearish Crab Harmonic PatternNifty Bounced 475 Points Approx. from the bottoms of 16840 & It was nice to capture few points in between as updated on last idea - Tata Steel / 26th Jan2022 - Markets Closed ---------------------------------- Trading Strategy --------------------------------- Pattern Invalidates above 17325 which is the stop loss Trigger comes below 17179 PRZ - Potential Reversal Zone marked as Orange Box -------------------------------------------------------------- Last Idea - Tata Steel -Head & Shoulder --------------------------------------------------------------
NSE:NIFTYShort
by WaveTalks
3
TATA Consumer looks strong…TATA Consumer looks strong… Reasons/Traits : • Today gave a break out from two day inside bars with a big green bar with very good volume • Above 13 and 50 EMA • Price touched 0.618 retracements levels • RSI increasing • Bearish Crab harmonic pattern formation is in place What can happen next : Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:TATACONSUMLong
by AdhigamaTrading
2
BANK NIFTY AT A SUPPLY ZONE. DEPENDS ON THE RESULTS.Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves. Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday. Today, we have ICICI bank's results which decide the Bank Nifty's run. In the above image of the PSU bank index, we can see that the breakout has yet to happen. The breakout point is B. The supply zone is also 5% away from the breakout point. Anyways, the PSU bank index won't be of much help as PVT bank contribution in Bank Nifty is nearly 87% and SBI alone from the PSU bank sector contributes nearly 12.5% Out Private bank sector, ICICI is the second-highest contributor with nearly 21%. It is important for us to know where the PVT bank sector index and ICICI bank are standing right now. In the above image of PVT bank index, we can see it is almost at the supply zone. It is very critical to have good results or else shorts could enter here. Here's the ICICI bank index, it is trading above the monthly crab pattern's terminal price. Here it could be dangerous either for the longs or shorts. A rapid movement could come in any direction. ICICI results could play an important on Monday but there would be other private banks that could cover the loss by reaching the expectations in case ICICI fails. This is just my analysis and for educational purposes.
NSE:BANKNIFTY
by Sanjan91
SOLANA (SOL) USDT PERPERTUAL PRICE ACTION ANALYSISSolana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone. The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is making higher highs but RSI is contradicting. The XABCD bearish Crab pattern sets us a target of 278. Trade Setup 1)Buy around 178 and put a stop loss below 137. 2)Buy on a pullback after breaking the supply zone/PRZ. Keep trailing until 278. Expect strong resistance here. Happy trading :) This is just for educational purposes.
Long
by Sanjan91