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Downtrend

What we see by analyzing the pharma index with 2 theories.Hey.. What do we get if we analyse one chart with two different theories ? Is it a good idea ? We use different techniques and methods to analyse a chart. Some traders use chart patterns, some use moving averages and others use any other technique. We all did the analysis to determine the trend of that instrument. What if we use two different theories for the analysis ? It will give us a more accurate view for that instrument. Lets check the analysis Nifty Pharma Index Daily Chart by 2 different theories of Chart Patterns and Exponential Moving Averages. Chart Pattern A symmetrical triangle pattern appears on the chart. And today we see the Breakdown of the pattern. The breakdown of the pattern shows the weakness of the index. Exponential Moving Averages For this we use four exponential moving averages of 20, 50, 100 and 200 periods. We start from the 20th of Jun 2022 when the price is below the all exponential moving averages. From that day the price started its upward move and it crosses all ema's one by one and finally it reached at 200ema on 5th of Aug 2022. During the period of 3 months the all 4 ema's come close to each other. But the price has failed to cross the 200 ema and it starts its downward move. From 22nd of Aug 2022 the price tested its 20 ema and 50 ema but has failed to hold them. Finally on the 16th of Sep 2022 the price closed with a big red candle. The price traded below to all 4 ema's shows the weakness and start of a downtrend. Conclusion: From both theories we see the weakness in the pharma index. So, the stocks of the sector show the bearish move in the coming days. This explanation is for educational purposes. My only intention is to share my style and techniques of analysis. Thanks
NSE:CNXPHARMAShort
by ssvirdi
2
STAR | TREND REVERSAL TRADEPOINTS TO NOTE BEFORE INITIATING LONG: ------------------------------------------------------------------------------ 1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows. 2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months. 3. Now a shift to an upward channel is seen with HH, HL, indicating reversal. 4. Trade is based on a minor Trendline breakout in uptrend. The trade is as follows: - Entry above 357.5 - SL 339.45 - Targets of 383, 402
NSE:STARLong
by Divergent_trader
Future Retail heartbreaking chart ***Future Retail at All time low around 3.75 ruppes. *** It is falling from ATH 575 to 3.75 ( almost 99.5% fall) *** It seems like an another yes bank ***As per price Action, when the price reach around negligiable , there is no hope for for comeback. *** There are many investors (mostly retailers) stuck in this script ( some near the ATH, some in mid ). *** RIP all those investors no....all those retail investor *** Always set a stop loss for any either long term investment or trading. *** Stop loss saves you from going to bankrupt (always) so that you can come back . *** This is from my side , a different post (just for learning) *** Hope you all will learn a new lesson ie. STOP LOSS Happy Trading!
FLong
by mahhisingh
2
BIRLASOFT SHORT POSITIONHello Everyone, Yesterday, I shared NIFTY IT chart which looked bearish and today, everyone had seen the fall. TCS has new 52 week low. I am sharing one of the IT Stocks today as well which has bigger chances of falling down in the upcoming days. "BIRLASOFT" If you look at the daily timeframe of this stock, clearly you can see CUP&HANDLE Pattern. Bearish move has already been started. Next support is at 305.15. If stock breaks this level, then we will see more downfall of BIRLASOFT. Targets are marked on the charts. Please check and let me know if you have any view on this. Thanks!
NSE:BSOFTShort
by TP2094
Can nifty touch 13000 levelsChart is only for illustration purpose My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart. If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022 crosses. A major shift in the market will happen after 31 Mar 2025 and the is expected to have a huge rally.
NSE:NIFTYShort
by pushpitchhabra93
Neulandlab - Down trendNeulandlab - Down trend 1. In a Downtrend, falling wedge pattern. 2. 1010 - 1050 is a very strong support zone. 3. If breaches 1000 it will fall. 4. For the short term it might move upwards to complete the double bottom pattern. 5. Target maybe 1250. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:NEULANDLABShort
by ravi15684
RELIANCE INDIn Reliance RK's momentum sell signal is already activated on daily chart, and yesterday finally it break down from that rising channel, and today we closed below 20dma along with close below RK's stop line which is at 2635, now we can say that yes we are in bearish phase. As per Elliot wave structure also, wave E of the ending pattern ended in april and fall was wave i and recent bounce was wave ii and the next move that has started should be wave iii, which can go towards south direction where the lower end of the wedge is near 2300 and if wave iii is going to be equal to wave i, that level is near 2335, these are the possible levels to watchout for. MACD in daily negative crossover macd in weekly down tick RK's momentum turned negative on weekly rsi on daily down tick price below 20 dma RK's momentum sell signal activated on daily chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:RELIANCEShort
by RK_Chaarts
6
Buying Climax: What, Why and HowBuying Climax: is a situation on the chart that represents ‘exhaustion’. This is the sharpest upward price surge where the last set of buyers enter the stock, thinking that the stock is going to the moon and never look back. This also reflects ‘Greed’ entering in to the stock. Investors who bought at the lower prices, during accumulation, take it as an opportunity to exit from the stock. Therefore, it represents those pre-conditions that lead to price correction. The climax is associated with very wide range up bars/candles with exceptional volumes, followed by supply in most cases. I will take up the case of Dr. Reddy with no particular reason but as a good example that just came in front of me and I thought it will be a good idea to share with the trading community what a climactic action looks like. Dr. Reddy had been in a downtrend between Oct2015 to Aug2017. It then consolidated for more than 2years before it decisively broke out of Rs2800 supply zone in Jan-Feb2020. It retested the supply zone in Mar2020 market correction and held it as a new support. Thereafter we can observe three major breakouts seen on this weekly chart, which would help us in understanding a buying climax in a better way. At every breakout you need to observe the range of the breakout candle and the volume involved in the breakout. A good breakout needs a wider candle with a strong closing and good volume. Let us see what happened. Breakout 1 Range of the candle – 600 pts or around 18% This seems an average type of range compared to the pre-breakout candles. So nothing alarming here. Volume – Slightly higher than the average volumes. Breakout 2 Range of the candle – 600 pts or around 15% It’s also an average type of range Volume – Is very high, more than any candle in this uptrend since 2020 Breakout 3 Range of the candle – 1160 pts or around 27% This is exceptionally wide range Volume – Exceptionally high (More than 36mn). Not seen anywhere on the chart. This is buying climax. You can see that, on the very next week, there was extremely high volume on the downside. This further validates that seller have entered the market and the upside could be limited. We can draw a resistance line from this Sep2020 highs. Price corrected 25% from this resistance in the next 5-6months. Also observe the Breakout4 (Jun2021) of the resistance (vertical dotted line) Candle Range – narrow Candle volume – very low compared to previous breakouts. This is a weak breakout which could not sustain and is followed by a big supply candle. Further indication that the stock has lost steam. I hope this idea was helpful. Do like and comment for more such educational posts in the coming days.
NSE:DRREDDYEducation
by Bravetotrade