Neulandlab - 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...
The point of cotraflexure is a point when you draw your trendline is nearly correct then you will get this type of combo If market is down trend and price touches it from low then price maximum time get rejected and trend continued and vice versa for up trend
In 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...
Index is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.
Industower - Strong Bearish control In a downtrend formation, only when it crosses 215 we can think of the bull control... Educational Purpose...
If NIFTY 50 crosses below 16568 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards. The supertrend is also showing bearish signals. As visible on the charts, the 10 EMA has crossed the 20 EMA, looking at the direction, a fall is expected as the trendline is also broken on the downside.
It has broken support recently and retraced to resistance, then eventually got rejected. last chance to exit longs. seems like consolidation above 1000 was distribution.
I feel to see M pattern in Tata Steel chart shared Below feels like a Big Move Thats couldn’t sustain before. REFFER mages.app.goo.gl/UuDKGMyxHYhKA6ZP8
On the Weekly chart in S&P 500 , I can notice Bearish Head and Shoulder Pattern , but coming week after this drastic fall maybe we can see some pullback to the neckline and then further collapse on the downside at least till the level I have marked that is 3491.25 SP:SPX
We have seen confirmation of the Head & Shoulders pattern in Dow and it couldn't go above the right shoulder. We may see Dow coming near to 31000 in coming sessions. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
AUDJPY has broken its previous downtrend i am looking to go long during pullbacak at previous resistance ( current support ) I CAN BE 100% WRONG KINLDY MAINTAIN TIGHT SL
As of today, Nifty 50 is at near to support zone and showing positive divergence on the RSI. If it sustains on this support zone then we can see a long position, otherwise if it breaches then further downside can be observed. PS - This is for educational purpose only and take trade at your own risk.
nifty on weekly chart showing falling trend line from highs beautifully a inverted hammer with red candle formation, with exactly respecting trend line nifty making lower highs and lower lows sign of down trend (HL and LL) after breakdown of level 17600 big fall in intraday can be expect here potentially down side targets will be 16790 then 15880
Bank Nifty Price Action Clearly suggest Lower High and Lower low soo market can go further down in coming trading sessions
Above is the view of #ASIANPAINT which can go downward from 3100-3120 range, of smaller blue Fibo 0.786 as one can see in above chart, Also which can be the area to short the price & start of the 3rd mini wave of minute wave 5 . Please take in consideration, If the high i.e. 3163 is broke then the counting is Invalid. Note - View's provided are for Educational...
Range break down - Price moving up making a wedge patter - Shorting opp from the top of the channel. Long term support marked in the chart. Expecting below 400 in end of March
Textbook double bottom pattern at neckline test. The stock also strictly followed a downtrend while respecting a channel. Possible breakout supported by following points : 1. Double bottom confirmation 2. Fundamentally strong stock 3. Channel breakout