SAIL Stock Going Down on 1 D Time-frame. Alert!!!Alert!!!
Sail is breaking the 1D time frame channel and going down.
Trade on your own Risk! Use this Opinion for reference only.
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Downtrend
nifty at support zone !comment below which side nifty will break
if nifty will break down a major fall is possible but if nifty pull back from 11000 it will be sideways to uptrend
Intraday Trading Strategy using 200MA and 8MA. (HEROMOTOCO)Strategy explained in detail on the chart.
NIFTY drops 100 points! Which levels to lookout for?Nifty - Technical Analysis:
-NIFTY gapped up but instantly started falling from 11300
-It fell till 11100 and bounced back from it to move sideways for the rest of the day
- Nifty ended at 11,153.65 with a loss of 97 points or 0.86 percent.
Market - Driving Factors:
-Among the sectoral indices, BSE IT and Teck ended in the green, bucking the trend. On the flip side, Realty, Oil & Gas, Capital Goods and Industrials lost 2 percent.
-Concerns over the rising pandemic across the globe continued to weigh down the Indian market
-HCL Tech, TCS, Sun Pharma, Tech Mahindra, and Grasim were the top gainers on the Nifty50 index while Zee, GAIL, Bharti Infratel, Adani Ports and Maruti led the losses.
-Nifty Bank and Nifty Metal also shed around 1 percent for the day. Meanwhile, Nifty Pharma rose over 1 percent and Nifty IT added 0.9 percent.
Nifty - Outlook for Wednesday, 23th September:
We feel the ongoing correction is an opportunity to accumulate strong companies with a medium-term view. If you have some longterm bets in a portfolio you can add more to them. While concerns of increasing coronavirus cases is coming back, a second wave information could be incorporated in the markets soon.
We expect it to continue downtrend and see lower levels of 11000.
Axis Bank: AnalysisAxis bank broke out of a trend line which it has been holding since May and taken a retracement. Possibility of down trend.
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Reason to short:
1) Major Breakout in daily time frame as well.
2) Multiple Retracement ends up in downwards momentum (M-Pattern Formation: Showing down trend as well).
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RR ratio should be calculated and trade should be taken accordingly.
Moving in a channel - Keep a watchStock is moving in a channel.
Currently at support / lower end of channel. As this level have been tested multiple times, might break and give a short opportunity !
However, a good bullish signal / candle might also give a good long opportunity + good R::R!
Worth keeping a watch!
Note: Stock is in downtrend from last 2 years!!
ShortSeems to be a channel breakdown + stock is in longterm down trend.
Can be good short opportunity !
ShortTested the area multiple times + facing rejections while going up + stock is in long term down trend.
Might be a good short opportunity !
Upward trend Over, Will make Lower Lows-Volume ConfirmationAccording to this Analysis the Upward trend is over(Higher Highs)
And it starts Making Lower Lows. Analysis through Elliot Impulse wave.
Confirmation of lower trend - Fake upward Trend was seen @ !6 July 2020( Dows Theory ) i.e. confirmed by the volume.
Time to Short The Share.
Its Just our Analysis not the Recommendation to Anyone.
Thanks.
ITC, strong resistance at 194. it forms a descending triangle in the chart
if the LTP is above 94.55, it will ascend
wait for the 2nd candle on 13th July in 15 min chart.
Double top formation is seen in ITC. Short ITCDouble Top formation is Seen in ITC.
Closed with a Bearish Engulfing pattern.
According to me ITC will go Down today.
Short ITC, might be the best trade option for today.
It's just my personal analysis so do your own and I don't recommend anybody to Short It as it is just my analysis.
EMAMI LTD.The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
BANKNIFTY INDEXLEVELS FOR SWING TRADING
I AM EXPECTING DOWN TREND FOR JUNE 3rd WEEK
ALL THE BEST....!
BAJAJ AUTO Bearish BreakoutLatest daily time frame candle showing a small body and small range hinting at a pullback.
The downtrend followed in the past few days may continue below the the previous low.
Short below 2703
TGT 1: 2664
TGT 2: 2615
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Nifty - Head and Shoulder Pattern - ConfirmNow nifty confirms the head and Shoulder pattern
Look for Strong bearish...
Escorts Ltd. breaches TrendlineEscorts Ltd. has been in an uptrend since March lows, backed by enthusiastic buying by the Mutual Funds. However, in today's session (June 9 2020, post lunch), Escorts Ltd. has breached its Trendline and further finds resistance at levels around Rs. 954/-.
Note: For Educational Purposes. Fellow enthusiasts are welcome to share their views.
Rising WedgeBullish above 10100 for targets towards 10500, if it gets rejected from 10000-10100 then a move towards 9400
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.
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.
Sunpharma is ready to fallSunpharma after giving a decent move of 200 points from its bottom now it has formed inverted cup and handle. posiible target is 400 or more downside possible.
