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Downtrend

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.
NSE:LALPATHLAB
by HSJNFinWisdom
2
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. ------------------------------------------ Bajaj Finance Level's ------------------------------------------ Resistance-- 1396/1426 Support --1133/1063 Trade : Sell at 1396 SL 1433 (35 Points SL) Target will be 1226 (167 Points)/1133 (262 Points) __________________________________________ Trading_Cafe24 Thank you :)
NSE:BAJAJFINSVShort
by Trading_Cafe24
1
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. ------------------------------------------ SBI Bank Level's ------------------------------------------ Trade : Sell at 587 SL 598 ( 10-11 Points SL) Target will be : 568 / 537 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice This only for study purpose. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you Trading Cafe 24
NSE:SBINShort
by Trading_Cafe24
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
NSE:ASIANPAINT
by Money_Dictators
Script is in downtrentThe price of precious metals and the US dollar tend to move in opposite directions. In finance speak, they are 'inversely co-related'. This means if the dollar strengthens, silver is unlikely to do well. And that is exactly what has happened in this year. The dollar is a bit of a juggernaut at the movement. It's trading close to its 20-year high. In fact, so strong is the dollar these days that even the euro, which is usually the stronger currency, has fallen to near parity against the dollar. The strength of the dollar is due to money flowing in to the US from most other countries due to fears of a global recession. In a recession, investors tend to park their funds in the perceived safe have of US treasury bonds. Fears of a recession is rampant in global markets right now. This is keeping the dollar strong. # High Inflation Leading to Higher Interest Rates Another reason for the weakness in silver (gold too as gold price is falling), is the sharp rise in interest rates around the world. The US central bank, the US Federal Reserve, is pursuing an aggressive monetary policy to get inflation under control. The Fed has already raised interest rates and will continue to do so in the weeks and months ahead. This aggressive rate hike policy is also supporting the dollar and has triggered fears of the US sliding into recession. Higher interest rates hurt sentiment in precious metals because gold and silver don't earn any interest while investors can earn higher interest on safe government bonds. Usually, high inflation is positive for gold and silver prices, but this time higher interest rates have spoiled the party. # Industrial Demand is Under Pressure In financial markets, silver is treated as a part precious metal and part industrial metal. This is because about 60% of silver demand is from industries. Silver is considered to be an indispensable industrial metal. It has wide-ranging uses in industries - photography, electronics, IoT, home appliances, textiles, medicine, dentistry, solar photovoltaic cells, LEDs, RFID chips, nuclear reactors, EV batteries, soldering and brazing alloys, water purification, wood preservatives, and more. During a recession, demand for industrial goods reduces all over the world. Silver is not immune from this slowdown. Whenever the global economic growth seems to be under pressure, silver prices take a hit. And this is what we are seeing in the market today. Also, the economic slowdown in China, due to harsh lockdowns, has made the situation worse for industrial demand. Thus, silver prices are likely to be subdued in the short term. # Outflows from Silver ETFs In India, silver ETFs are still a relatively new investment vehicle. But in the west, they are very popular. During covid times, these silver ETFs witnessed record inflows. However, the weak sentiment in the market has lead to a reversal in 2022. Buyers have turned into sellers and are withdrawing their money. Of the many market forces driving the price of silver higher, the investments in silver ETFs was a big one. It created a strong bullish sentiment in silver over the last 2 years. Thus, if sentiment turns more negative than it is now, there could be more downside for silver at least in the short term. Although, the outlook should improve over time. Ace trader and long-time silver bull, Vijay Bhambwani, believes the silver bull market is still on. He explained his view in this video - Bull Market in Silver is Still on. You can also check out Vijay's YouTube playlist on silver. If you're thinking of taking advantage of falling prices by investing in silver now, we suggest this reading this helpful guide - How to Invest in Silver. You can track the price of silver here.
MCX:SILVERMIC1!Short
by Devjitrader