Downtrend
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.
Triple bottom in LALPATHLAB on one hour chartIdentified a triple bottom formation, which is a bullish chart pattern that suggests a potential trend reversal from a downtrend to an uptrend. This formation occurs when the price of an asset creates three distinct lows at or near the same level, indicating that buyers are stepping in to support the stock at that level.
There are two possible outcomes: either the stock will rebound from this support level, leading to a bullish trend reversal, or the stock may break down through this support level, indicating that bears are taking control of the market and leading to a continuation of the downtrend.
Bajaj Fin Short Positions--------------------------------------DISCLIMER--------------------------------------------------
* 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.
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Bajaj Finance Level's
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Resistance-- 1396/1426
Support --1133/1063
Trade : Sell at 1396 SL 1433 (35 Points SL)
Target will be 1226 (167 Points)/1133 (262 Points)
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Trading_Cafe24
Thank you :)
SBI Bank SMC Patterns Short Opportunity--------------------------------------DISCLIMER--------------------------------------------------
* 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.
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SBI Bank Level's
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Trade : Sell at 587 SL 598 ( 10-11 Points SL)
Target will be : 568 / 537
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We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice
This only for study purpose.
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Thank you
Trading Cafe 24
#XAUUSD
OANDA:XAUUSD
The market tested resistance and dropped by forming a double top . I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
Can We See A Bearish Trend In ASIANPAINTS?Hello traders,
It is a quick update about Asian paints. Security has made a downward channel. After the rectangle breakout, it made another rectangle pattern.
The 3033 level is an essential support level to keep an eye on. A breakout will intensify the bearish atmosphere. We can expect a new low based on the price action of the second rectangle pattern If support is breached. Bulls can't enter without a clear breakout of the downward channel. You will be notified when it reaches my level.
@Money_Dictators
BANKNIFTY TOMORROW PREDICTION...#BANKNIFTY 15 MIN CHART WHICH FROMING (w) SIGN which means the market could be GAP UP tomorrow.. if the market breakout trendline then we can go for CE(CALL) FIRST TARGET 42259,42322,42456.. IF MARKET WASN'T BREAK THE TRENDLINE OR BREAK THE 41974 ZONE THEN WE CAN GO FOR PE(put) FIRST TARGET 41804,41762,41702,41605.... IF you guys like my analysis so please do follow or like my analysis...THANK YOU
Runecoin short-Triangle breakoutRunecoin along with whole cryptocurrency stepped into downtrend.There was a first wave happened already.Now runecoin is restesting from the support level(1.345),and can go to upper resistance level(1.365) as shown in the picture.If the price again falls down from the resistance,a short trade can be initiated there.Also you can check the volume or ADX or RSI at the time of entry for a double confirmation. keep an eye on the trade.Happy Trading.
PVR gonna FallPVR stock price is in it's long term supply zone!! Any time sellers will enter and push the price down aggressively.