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Downtrend

Dow jones Look Good for Short* All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your financial adviser and use proper risk management. ------------------------------------------------------------------------------------ Mini Dow jones Level's ------------------------------------------------------------------------------------ SMC Selling area is near 34906 - 34930 And Short Area is 34906 Below this level 34765 free fall will start. ************************** Target down side ******************************** Trade : Sell between 34906 - 34930 SL will be 120-130 Points (35033) Target will be downside : 34680/34599/34483/34400/34311/34225 ____________________________________________________________ Visit Us for more details and follow us for more Education Analysis ____________________________________________________________ Trading_Cafe24 Thank you :)
CBOT_MINI:YM1!Short
by Trading_Cafe24
Solid Breakout in Tech Mahindra after a long Accumulation PhaseHello Traders and Investors, i hope you all will be doing good. I have brought an analysis on Tech Mahindra, i hope it will be beneficial to you guy's, So let's start:- As we have seen a Neat and Clean solid Breakout of Tech Mahindra stock after a long Accumulation Phase. Do you guy's know What is an Accumulation Phase? Okay i will write what i know about it. Notable Characteristics of Accumulation Phase:- It shows that strength is building into security. The security starts trading in a well defined range, moving between the upper and the lower band of the consolidation. Market participants start becoming bullish on security in the accumulation phase. The Price starts moving in a range indicating that the price of the security is bottoming out. This phase indicates that a fight is happening between buyers and sellers and eventually, buyers take over sellers towards the end of this phase. So guy's i think this (Accumulation Phase) is clear now. So, Guy's same thing we have seen in Tech Mahindra stock also, earlier trend was Downtrend then Accumulation Phase, now as we have seen a breakout in it. So we can assume that now the trend will shift in uptrend. I have marked everything on chart like, Entry point, Targets and Stop loss. Please check chart for the levels. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:TECHMLong
by TraderRahulPal
IMPORTANT BUY/SELL zones for DOW JONES ahead of powell speechTVC:DJI sharing important buy sell zones derived from analysing resistance/support zones on major timeframe to smaller time frame study. dow has been struglling to move upward since it entered the monthly/daily sell zone and resistance are which dow has been unsuccefull to break since few weeks in past, unless we get something positive and strong news , dow may remain sideways or retest the support/buy zone belowe current market price before moving upside again or if the news outcome is bad and worrysome, we may see the supportbreak under panick selling pressure and dow may drop till the next buy zone .
TVC:DJI
by ajinkyadiwakar717
Nifty IT= THE SECTOR TO AVOID FOR INVESTORS!⚠️FIRST THE TECHNICAL VIEW Attached: Nifty IT Index Weekly Chart as of 13th April 2023 In the Chart above, I have mapped out the Potential Elliot Wave Count to play out over the coming Months: - Price has fallen in 3 Waves which is our Larger A Wave - Then Price did a Corrective bounce in an ABCDE structure making up our Larger B Wave - And now the Larger C Wave Down in the form of an Impulse is about to start/ has already started! I have 2 Downside Targets🎯 based on the Elliot Wave Count: T1= 23400 to 22700 (which is C = 0.618 of A) T2= 18350 to 17750 (which is C = A) This implies an approx. 19% decline📉 for Target 1 and a 36% decline📉 for Target 2, from Current Market Price😨 NOW, THE FUNDAMENTAL VIEW Regarding IT Stocks from an Investor's Stand Point, it is going to be the DIRTY FISH💩🐟 of the Pond and can potentially Spoil the Whole Pond as well Irrespective of whether it is a Bull Market or a Bear Market for Broad Market Stocks. IT Index is set for New Lows and Infosys is Leading it on the Downside As an Analogy for the Indian Market: Remember how Auto Sector was in 2018? TOP out how Pharma was in 2015? TOP out IT is the same now in a Bear Market🐻🩸. Fundamental Reasons: - US Recession - Wage Inflation (IT Co. main cost is Employees), Lay Offs, Etc. - De Dollarization (aka USD Crash hurts Dollar Revenue of these IT Companies) I suggest if you have any Investments in IT Stocks Sell Them Off✅ You will get better Value in Other Sectors✅ This is a SECTOR SPECIFIC View for INVESTORS!⚠️
NSE:CNXITShort
by T_Harth