Axis bank broke out of a trend line which it has been holding since May and taken a retracement. Possibility of down trend. . 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). . RR ratio should be calculated and trade should be taken accordingly.
comment below which side banknifty move ??? upward or downard ??
comment below which side banknifty goes ??
Stock 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!!
Seems to be a channel breakdown + stock is in longterm down trend. Can be good short opportunity !
According 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.
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. 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.
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.
LEVELS FOR SWING TRADING I AM EXPECTING DOWN TREND FOR JUNE 3rd WEEK ALL THE BEST....!
Latest 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.
Now nifty confirms the head and Shoulder pattern Look for Strong bearish...
Bullish above 10100 for targets towards 10500, if it gets rejected from 10000-10100 then a move towards 9400
Dow jones Fib Retracement is around 0.618 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...
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...
Sunpharma 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.