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Downtrend

Dow jones Fib Retracement is around 0.618Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we are at the retracement level of 0.38 to 0.40 which means we are way behind global markets. so what does it indicates. it indicates that we are going to align with global markets in june or july so what does it mean, either golbal markets has to come down to our levels or we have to rally upwards to align with them. so take your position accordingly.
ULong
by SherBazaar
GBPUSD follow the trend if it's break strong support level.Trading suggestion: . There is still a possibility of temporary chances to return from the support line(1.21650). if so, traders can set orders based on Price Action and expect to reach short-term targets. In between that retail traders try for short term BUY. Technical analysis: . GBPUSD is in downtrend but if it breaks the support then it will continue the trend. . The price is below the 200 EMA which acts as a dynamic resistance. SL: Break Above Resistance suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.22908). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Short
by AnmolDey
SHORT ON LUPIN (NSE)This analysis is only for educational purposes, Invest at your own risk! LUPIN closed at 841.80 on Friday with a decrease in its price and very low volume . The Pitchfork drawn shows a downtrend with the stock price approaching its resistance line. Since the gap between the stock and its 52 week high is pretty close therefore a stop loss should definitely be placed just around 855 INR. The stock may prove to be profitable is shorted at price range 841-836 INR and bought back at around 825-835 INR. A down trend in both the volume and 20 period RSI can be seen. ALL THE BEST TO EVERYONE ! Cheers!
NSE:LUPINShort
by Aditya_Singh21
HDFC LIFE Short = Multiple Time Frame Confluence Price ActionSwing Trading = Short NSE:HDFCLIFE Monthly Time Frame = Short = Down Trend Price Action Weekly Time Frame = Short = Down Trend Price Action Daily Time Frame = Short = Down Trend Price Action Already shown in the Main Idea 75mins Time Frame = Short = Down Trend Price Action Time Frame Confluence = Down Trend Monthly, Weekly, Daily and 75mins Time Frame all show Down Trend Price Action Short = 453.35 Target = 401 Stop Loss = 500 If you Continue Trailing the Stop Loss, it can give good returns, Aggressive Target can also be 345 considering Weekly is in Down Trend, so next Weekly Low will be lower than 340...
NSE:HDFCLIFEShort
by ashishd1
1
Short USDINR Downtrend Continuation Day 2Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a confirmation for Downtrend Continuation . With this knowledge and waiting for a price action on charts can give you better results. RSI also gave a confirmation which increased the probability of success. You do not need advanced knowledge about indicators and patterns for this. Analyse the given Entry point, SL, TGT, S&R . Most importantly just try to Trail SL below your entry point whenever possible. #Tgt1 achieved easily and RR more than 1.5 (PS: Couldn't post earlier due to technical isuues) This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades. Thanks for your time. Happy Trading and Learn something new Everyday.
UEducation
by Trader_Tech
NZD/JPY POSSIBLE SELL OPPORTUNITYNZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING DOWNWARD TOWARDS SUPPORT LEVEL OF 63.093 AND FURTHER TARGET AREAS. ENTRY - BELOW 65.736 SL - AROUND 66.547 TP1 - AROUND 63.093 TP2 - AROUND 61.861
Short
by mkumar2294