#sol/usdt as a double top pattern coupled with bearish divergence near the $160 resistance hints at a downturn. Anticipate a potential retest toward the $136 to $126 support range as selling pressure mounts
BITCOIN: Bearish – Double TOP + Rising Wedge The market could go back down to around $58 000. In addition, detection of a possible double top on Bitcoin which would bring the price down to around $48 000 Watch for the 50 and 200 exponential moving averages, as well as the Ichimoku levels, and RSI. be careful
Tata Steel :- - Monthly RSI showing signs of Divergence - The same could be observed on Weekly RSI as well - On daily the candle formed on 26.04.24 seems to be bearish in nature with high volumes forming a double top around the levels 165/170. The Fib retracement could be seen plotted at 154-150, 0.5/0.618 respectively. A short can be initiated from the levels...
BTC : BITCOIN: : FLAG + Double Top detected The Wolf of Zurich has detected 2 chartist famous patterns : 1st is a "Double Top" , which gives a Bearish signal , and the price can reach : 58 000 - 56 500 The second signal is Bullish . I detected an "ascending FLAG" , which is a Bullish signal; And the the price can reach 71 200 - 73 00 Watch the EMA.200 Daily...
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of...
In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations...
MCX GOLD is currently trading at 68900. I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC. I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100. I think rally in gold is about to end and...
📊 Script: BSE 📊 Sector: Miscellaneous 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is taking support of level 2075 which is neckline of double top. 📈 We may see bounce back from here. ⏱️ C.M.P 📑💰- 2148 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My...
ETH formed bearish shark, double top and bearish divergence , targets and supports are 3420, 3300, 3150
NIFTY is currently in a sideways zone, and a double top pattern seems to be forming, but confirmation is still pending. The marked zone on the chart, 21635 to 21515, could potentially act as a support zone for NIFTY as these are Fibonacci levels. Speaking about the double top pattern, if the price closes above 21126, this pattern will become invalid. On the other...
This Private Sector Insurer Company Looks good for short to medium term. Although this could test the patience of the investor as it could take time to achieve the target. Only the patient investor could indulge into this stock at CMP @ 581 with a SL @ 520 and TGT @ 700
Eth bearish : 1. Double top 2. Bearish divergence Next support 2350 breaks will leads to 1950
I was not able to post the report yesterday as got a severe headache and fever. After closing my screen at 15.30 yesterday, got enough strength to open it today morning at 07.46. Seems like the analysis of Tuesday was more or less true even for today as Nifty and BankNifty went nowhere. The Budget 2024 was a 1hr speech, but it had no major changes - it looked like...
Banknifty form double top pattern. If weekly close come below 47480, It may show more down side up to 46350.
Colpal broke the neckline following the formation of a double top , signaling a potential bearish trend. We've initiated short positions based on this pattern. Please note, that the provided chart includes details such as entry points, stop-loss levels, re-test zone, and target levels. However, trading involves risks, and these are speculative predictions....
🚨 Heads up, traders! Nifty has formed a double top pattern right at the peak. While we hesitate to scream "downtrend," signs point to a potential correction. 📊 Technical Breakdown: 1. Initial confirmation with a neckline break. 2. Crucial retest completed for added confirmation. 🎯 Targets & Stoploss? Refer to the chart for specified levels. Brace yourselves...
Reliance spot at 2600 Weekly time frame Horizontal resistance as per previous life high levels, from where counter have changed trend in past, Bearish wolf wave or wedge can also be considered as per formation. Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around...
Nifty has formed a double top on 15 mins time frame and expected to test lower levels. Sell @ 21160 SL 21210 Targets - 21120, 21085 To motivate us, Please like the idea If you agree with the analysis. Happy Trading!