Srt finance sell below 1311If market is negative then short it
as three times want to break down side
and make a bearish single
Downtrend
PENNANT SWING TRADE !Mahindra and Mahindra is clearly forming a pennant pattern after a downtrend move. Stock is in downtrend since FEB 10 , 2021 . Although there is high chance of breakdown from this pattern due to down trend but we may also look for breakout. Enter only after a clear breakout/breakdown for more edge.
This analysis was done by me only for educational purpose , feel free to share your views/feedbacks.
Mentorship InstaView 19 July’21: Here we Go Again
Nifty View: Yet another failure to hold onto a new life high as the benchmark Nifty index slips over 170 points in today’s session to post a close at 15,761. The “Bulls” should worry a bit now as the breakout move which we noticed last Thursday has now turned into a failure. We were focusing on the importance of 15,777 and in today’s session, we have got a clear break of this level. The short term trend of the index has now turned down again and expect some more weakness if the index does not recover above 15,850 within this week’s trade. And if that plays out, then sadly the current supports of (15,650-15,700) will not hold.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 08 July’21: Back to short term Supports
Nifty View: Nifty slips hard in today’s trading session losing 151 points to end the day at 15,735. In our yesterday’s analysis, we did mention the importance of a break below Wednesday’s low of 15,788. And that's how it did play out today. The index has now shifted to a short term downtrend and back to short term supports of (15,650-15,700) which has held the index UP for few instances in the recent past. Now for the nascent short term downtrend, this is an important juncture. A close below 15,650 definitely dampers the sentiment and raises more possibility of downsides. It’ll be prudent to observe the market closely rather than focusing on compulsive trades for the next couple of sessions.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Bitcoin (BTC)- Day Chart AnalysisBitcoin (BTC) has currently wiped out 50% of the entire market capital over the week and it is still yet to reach the price target of 28k Dollars within upcoming weeks or months. In Day Chart is has formed head and shoulders pattern, which indicates downward movement of the particular currency pair to go down till the mentioned price level i.e. 28k dollars in INR it comes up to 22-24L. Market can expect a reversal once after price reached that level of support and can pull-back up to 48-50k dollars in short-term. Investors can look up to this price level for short-term investment in any pair of alt coins.
jubilant Foodworks - ShortingJublfood broke its triangle pattern and started to fall. Now it's in a bearish trend, so give an entry with appropriate Stop loss
Since it's a FO stock shorting, You shall prefer for intraday shorting in the intraday equity cash market or going short in the Future and option market
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
BTC Dominance try to break it Downtrend, what coming next?Technical Analysis:
BTC Dominance
Seems to be on some resistance here, just as BTC is nearing the top of the range its been in for just over a month.
I’ll be watching this play out, if we see BTC.d break this res its likely because BTC has broken out of the range highs. However, be weary because a volatile move up for BTC could be followed by a volatile move down… at least i expect a scenario such as that to be max pain for most participants.
If we see BTC.d reject here, its likely representative of a relatively sideways moving BTC and we see some relief on alts that should make for some nice breakout set ups that we can look for and trade.
Either way, a key level I will be watching for a reaction on.
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AFTER 4 YEARS DOWN TREND BREAKOUT ANALYSIS 22.06.2021BUY : 37 TO 35
TARGET : 55 TO 58
Reason For Buying This Script :
In this script after 4 years down trend line was broken & also it has retested in monthly time frame . It shows positive moment.
Don't miss this moment.
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
MATIC COIN NEXT BIG MOVE COMING SOONTechnical analysis:
. MATRICUSDT is IN down trend, the beginning of an uptrend is expected from here.
. The price is trading BELOW 21- MA as well as 50 MA, NEED to breakout both MA's as well as downtrend to be bullish.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.90
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Downtrend Parallel channel in BANKNIFTYSince last few trading session, Banknifty trading in downtrend parallel channel. If in today's trading session its trading and sustain above 35150 level then expected next projected target 35800+ in upcoming trading session. Downside possible if banknifty trading below 34950 level so can go long with stop loss at 34950 level.
MACD bullish crossover in CUMMINSIND CUMMINSIND trading in downtrend channel since last 1 month trading session. Yesterday it reached near the resistance level of downtrend channel in same its also shows MACD bullish crossover. This indicates that more chances it will give breakout of this downtrend channel and give projected target upto 935+.