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Downside

Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
NSE:NIFTY
by Nimble_Pesos
Kotak gearing up for Visfotak Downside Good day, Hello Traders, Kotak Bank the big giant of Indian Bank Industry is standing on the verge of downside. Can come upto this level in case it breaches the level of 1629. Time Frame: Weekly It also depends how market behaves. Chart Self Explanatory. Disclaimer: I am not SEBI registered analyst; this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions. If you really like the analysis, please do comments, LIKE and Follow me.
NSE:KOTAKBANKShort
by Piscean17th
1
ABFRL : Short Trade OpportunityGood Day, Hello Traders, ABFRL is ready for a big downside as it went through different phases Firstly, it was in a parallel channel upside from Feb 21 till May 22.It incldes a HEAD and SHOULDER pattern which it formed during this phase. It broke the neckline in June 22 with a heavy sell off in the weekly candle. Suprisingly , it rallied since July 22 till Oct 22 unprecendently. It followed up with a Big sell off.. This time around the Sell off is done with Heavy Volumes. Big downside is evident. Good candidate for Short side. Time Frame : Weekly It also depends how market behaves. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:ABFRLShort
by Piscean17th
CENTURYTEXCENTURYTEX:- The stock has formed a rounding top pattern, if the stock sustains by giving a downside breakout, we may see a downside movement in the stock, watch out Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
CShort
by AjayDhakad_Keep_it_simple
MCX Crude looks spooked, shaken, and violently swirledSomething has spooked, shaken, and violently swirled the crude markets. What exactly is brewing with oil? The rising and strong trendline that began in Apr 2020, has been tested twice on the weekly time frame earlier. This week, it's simply taken out. Broken in one clean swipe. It's almost like a butcher's big solid knife has sliced through warm butter. That’s how the wide-ranging weekly bar with above-average volumes is describing itself to me. (Or maybe it's my hunger pangs that are causing me to view Crude so crudely. :-) ) Even though Crude is currently testing the rising 200dma, (which happens to be a strong support zone) the possibility of this zone holding appears rather bleak to me. The market and price action are always supreme. Yet, if this 200dma level holds, Crude may well continue to brew strongly and surprise me as well. How much the downside lies ahead if and when 200dma gives away? The ATH range of 5535-5719 has formed over a long period from Oct 18 and Jul 21. The manner in which it has given away is indicative of a likely sharp down move ahead. The Fibonacci supports of (23%) lie at 5100 and 38% lie at 4279. For Crude to continue brewing with interest and to stay strong, it needs to stay above the 4279 level. There are multiple supports here in this range from 4279 to 4565. This zone may well provide some support, albeit for a short bounce. It remains to be seen how this zone supports and shapes out ahead. This will define its future path. Such sharp reversal moves and the breakout failure often have a tendency to retrace to the extent of 50% (3622). Eventually, the 61% retracement level @ 2951 could well be a distinct possibility, if crude starts to trade below 4279 levels. At this point in time, these lower levels do seem far-fetched. Yet for now, these appear to be a distinct possibility IMHO. Time shall quickly tell if this is a strong brew or it’ll be weak and subdued. Cheers until then.
MCX:CRUDEOIL1!Short
by amar_gr
Nifty Trade Setup For Expiry (21st July)So, Nifty is traded at around 15632, so what we should consider on expiry day. . 1. 15733 is a strong resistance level if Nifty goes upside and break the level and made 15 minute green candle then only we will buy CE. 2. 15733 is a strong resistance level so maybe once Nifty touch this level and then reverse. So wait for the full breakout. . If I am talking about downside, so 15576 is a support already Nifty touch this level on yesterday. . 1. If Nifty goes down side so tomorrow it can be possible that Nifty can break the support of 15576. 2. If Nifty goes down 15500 is our Target in the downside. . 👉 What's your view on this comment below in the box.
NSE:NIFTY
by neerajlalwani081
2
Banknifty Expecting Downtrend Hope market opens flat or small gap-down. Big gap up then don't trade or see price action and enter As after a fall, there are continuous resistances upside trend and tomorrow is option expiry My view is negative tomorrow but hope the first half is : sideways then 2nd half : if the bank nifty cross 29800 then big bearish downtrend till 29000 or 29100 My range is mentioned in by blue line. Tomorrow I am seeing an opportunity for PE buying instead of OTM CE short if gone as per plan then definitely PE prices of 29200 29400 could give 1: 4 - 5 profits RR ratio with trailing SL as option buying and maintaining the profit is important is anyone wants to play safe then short 29900 and 30000 OTM and holds if gone as per plan full option value will be in your pocket with small SL of 20 - 30 points #### if you take trade better test with your analysis take it at your own risk. Don't forget to out SL as personal experience Dont forget to put stoploss i have lost nealry -3000 in one single trade while stuck in some work and forgot to put sl and thought to exit manually but the market got reversal badly . ### Saving Capital is also trading
NSE:BANKNIFTYShort
by arunprashanth888
2