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Lowerlow

Banknifty: Bearish Trends and Cautionary SignalsBig Red Candle: Today's trading session witnessed a significant bearish movement, evident in the formation of a substantial red candle on the daily chart. EMA Confirmation: Adding to the bearish outlook, Banknifty closed below the 20 EMA, reinforcing the negative sentiment among traders. Short-Term Downtrend Signals: Lower Low and Lower High Lower Low Formation : Banknifty has created a lower low in the short term, coupled with a lower high, indicating a clear sign of a short-term downtrend. Cautious Optimism: Despite the bearish signals, we cautiously identify the 46900 zone as a potential bullish trend support, offering a glimmer of hope in the current market scenario. Exercise Caution and Watch Key Levels: High Probability of Downside: Acknowledging the strong likelihood of a downside movement, traders are advised to exercise caution and closely monitor market developments. Critical Level Alert: Today's low holds significant importance; a breach below this level may indicate unfavorable market conditions and should be considered a crucial signal for market participants.
NSE:BANKNIFTYShort
by iamrk7
2
SKFINDIASKFINDIA:- The stock has broken its lower high lower low pattern and has also given a breakout of the trendline at 4372.50. If the price sustains then we may see upside movement. Keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:SKFINDIALong
by AjayDhakad_Keep_it_simple
Banknifty 1.global sentiment Slightly negative 2. war was not end month end expiry (Chart shows a lower lows) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33426.. if we can see the price action for buying side and exit at the target price 34339 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down wait For close the 5 min or 15 min candle the crossed 33180 buy and wait for the target Weekly high and low should be mark Total Oi base call side 12,97,719 compare to put side 10,72,171 OI **(monday So call atm to 500 points itm contracts 91,641 oi Put atm to 500 points itm contracts 1,01,626 oi put options purchased itm 34000 strike price 41,036 oi **(tuesday So call atm to 500 points itm contracts 1,07,860 oi Put atm to 500 points itm contracts 1,27,904 oi call options purchased itm 33500strike price 56,607 oi **(wednesday Total Oi base call side 14,13,972 compare to put side 10,18,705OI So call atm to 500 points itm contracts 1,01,806 oi Put atm to 500 points itm contracts 1,26,044 oi options added atm 33300strike price 45,500 Note . this just prediction. market can happen anything
NSE:BANKNIFTY
by tarunkumar1996
BANKNIFTY ANALYSIS ONE MUST KNOW WHILE TRADINGSYMBOL: NSE:BANKNIFTY Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year. Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time bears can again try to push BNF down because this year it's the second attempt so one has to be cautious on both the Sides and book profits fast.
NSE:BANKNIFTYShort
by Gagan_ahuja
Only for study purpose ... Price was making a lower low from last weeks but finally, price one last low brokes out with a strong green candle also on daily time frame. Some reasons for taking the trade : 1. Price-making historic pattern means breaking out of the last lower low with a strong green candle. 2. Morning star is there with engulfing candle and also hammer which is known as rejection candle. 3. There is also a neckline breakout of the Double bottom. 4. Price rejected two times .618 level of Fibonacci retracement. (In pink line) SL and TGT's are as shown in the chart.
NSE:ITCLong
by pakharsangave
Tata Steel price looks weakTata Steel price looks weak Reasons/Traits : • Forming bullish Gartley harmonic pattern • Retested point B of Harmonic pattern • Pricing making lower lows • Price retraced and from 0.618 fib levels and got rejected at 50 EMA and heading back to 0.618 level • Breaking 0.618 level can further see a price decline • RSI strength is reducing and is below 50 What can happen next : Scenario 1 : Price sustaining 0.618/0.5 levels can help price bounce back to meet 50 EMA (red line) Scenario 2 : Price break down of 0.618 levels can take it down to touch 200 EMA (black line) or 1050 level and complete Gartley harmonic pattern and retrace back to point B (1300) Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:TATASTEELShort
by AdhigamaTrading