SOLUSDT SHORT🔴
Double top , Triangle pattern
Use risk management max 5X lev to avoid big losses..sl ❌is bit higher at 4%+
Book upto 50% on first tp then use trail SL and keep booking small profits.
Double Top or Bottom
NYKAA might be forming double bottom Nykaa share has been under constant beating from its listing.
Currently, the share is consolidating and it might form a double bottom pattern to bounce from 120-125 levels. RSI is already forming higher lows.
The major resistance is 145-150 levels above which the stock might show signs of reversal.
Idea shared is not a recommendation but just for educational purposes.
Tatva chitan Pharma double bottom Tatva chitan Pharma double bottom very attractive price, accumulate near bottom for short to medium term trade. Fundamentally good
Bearish Engulfing Pattern on Exide.Bearish Engulfing is a popular candlestick pattern used in technical analysis to identify potential trend reversals in the stock market. When applied to Exide Industries share, which is currently facing resistance, the Bearish Engulfing pattern suggests a potential downturn in the stock's price.
The Bearish Engulfing pattern consists of two candlesticks: the first is a bullish candlestick, followed by a larger bearish candlestick. The bearish candle completely engulfs the previous bullish candle, signaling a shift in market sentiment from bullish to bearish.
In the case of Exide Industries share, the presence of the Bearish Engulfing pattern implies that the stock is currently facing resistance, indicating a level at which selling pressure outweighs buying pressure. This resistance level has prevented the stock's price from moving higher, suggesting a potential reversal in the prevailing uptrend.
The Bearish Engulfing pattern, coupled with resistance, suggests that traders and investors should exercise caution when considering bullish positions or holding onto existing long positions. It signifies a change in market dynamics, where bears may gain control, leading to a potential decline in the stock's price.
As with any technical pattern, it is important to consider other factors such as volume, overall market conditions, and fundamental analysis before making trading or investment decisions. Traders and investors should monitor the price action and volume closely to confirm the validity of the Bearish Engulfing pattern and the resistance level to determine the future direction of Exide Industries share. NSE:EXIDEIND
DMart : Preparing for Up move.
Looks like Dmart is planning to move up again.
Following is the logic of this Analysis
1. Change is Polarity , Resistance R1, R2 broken with Good volumes now this resistance may become support in coming weeks.
2. This Upcoming support is near Fib level.
3. Formed kind of Double Bottom B1, B2.
Expecting it to come at Support level let's see how it goes.
Note : It's just my Analysis which could be wrong too, not any buy and sell recommendation.
BHARATFORGE- NOT TO BE MISSED BHARATFORGE FUT made 3 diffrent patterns on daily charts;
1) Almost 2 months range beakout
2) Double Bottom confirmed breakout
3) Bullish Butterfly pattern breakout
Could be bought with mentioned stoploss & target.
Nifty spot - hourly -Raising WedgeNifty spot hourly chart found Raising wedge pattern, found double top. Entry, target and stop loss updated in the chart
All time high Breakout at MAFANG (Mirae Asset NYSE FANG+ ETF)Big Bull Basant Maheshwari sir invest in Tesla But for retail investors from India to invest in Tesla, it's a complicated process. It's so simple and easy to invest in Nvidia and Tesla by simply buying MAFANG (Mirae Asset NYSE FANG+ ETF).
NSE Symbol: MAFANG BSE Scrip Code: 543291
If you want to invest in the NYSE FANG+ Index or want to play artificial intelligence (#Nvidia, #Tesla, #Google) from India, then #MAFANG (Mirae Asset NYSE FANG+ ETF) is the best option.
I compared #MAFANG (Mirae Asset NYSE FANG+ ETF) vs. the #Nifty and its peers (#Nasdaq Composite Index) from November 30, 2022, and discovered that it has outperformed both the Nifty and its peers in the sector.
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
Double Top - Bank NIftyBank Nifty (spot) found Double top in hourly chart, it break down the trend line. Entry and exit levels are mentioned in the chart.
(This is only for study purpose)
Sell BajajFinance below 1782Sell Bajaj Finance below 1782. Reason for Sell, Divergence in RSI. Also Body of Bearish candle of 14th June covering previous day Bullish candle.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
grasimGrasim made double bottom pattern on an hourly charts & confirmed it today by breaking above previous highs.
Could be bought with mentioned stoploss & target.
Asian Paints W PatternAsian Paints has formed W pattern on daily chart. We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near neckline of W pattern.
Target:
We can keep Target1, Target2 near the next resistance zones as marked on chart.
Stoploss:
We can keep stoploss below the neckline of W pattern.
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KNRCON Analysis(Double Bottom)! NSE:KNRCON Analysis!
KNRCON Analysis on Daily Timeframe!
Double Bottom Pattern Formation in KNRCON!
Neckline Breakout in KNRCON!
Trend Reversal in KNRCON
KNRCON has made Double Bottom Pattern on a daily timeframe. It has given neckline breakout but experienced high selling pressure around this level. We can observe the retesting is happening now.I have extended previous support trendline we can expect price may take support on this trendline also neckline can acts as a support if we consider current price level. We can see RSI is also trending and took support at support trendline recently it has given breakout to the resistance trendline. So we can expect the price can move upwards.
Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 242.65
Targets = 1) 258.95 2) 265.95 3) 271.70 4) 280.40
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Review: BANK NIFTY and NIFTY-50 levels for 13 JuneI draw my own levels for Bank Nifty and Nifty-50 for 13 June and this is my testing phase in Bank Nifty and Nifty-50.
I only follow Support and Resistance and apply simple psychology in the market and trying to understand Seller's move and SL.
Today in BN 15 minutes market forms double top and fall down.
# I am not SEBI registered person.
# Just for education purpose
BAJAJ AUTO SWING IDEA(SHORT)Bajaj auto can be shorted due to the following reasons
1)M pattern formation on daily chart
2)In parallel range
3)If Breaks support zone then favorable RR
4)20& 50 EMA on an hourly chart is about to have crossover
PATANJALI - Weekly AnalysisIn the Weekly Chart of PATANJALI ,
we can see that; it has given breakout from W Pattern.
Let it retest then enter with SL.
KOTAK BANK 1D | Short Opportunities KOTAKBANK formed a double top (M Pattern) in daily time frame and now it breaks its neckline and ready to fill the gap downside.
Do your own analysis to grab some good selling opportunities in coming week.
If This post got minimum 100+ views, I’ll update further updates here in the comments. Stay tuned…
Thank you,
Happy Trading.
Nifty multitime frame analysis Nifty at crucial level at the time and the formation is double top at all time high if nifty breakouts the high then we will see new bulls trend either breakdown the double top neckline the we will see a 15-20% retraces
Wait and see
Bank Nifty ViewWith a Shooting Star CandleStick and sort of Bearish Engulfing Candlestick, BankNifty hints that it has topped now and below 43700 we can see levels of 43400, 42650 and aswell.
Angel one Double bottomGood double bottom is seen at earlier support level in angel one.
SL: 2009
Target : 1330/1620/1950
