Big 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...
howdy Traders,
Much of the power of bullish investors is found in Tata Communications.
If seen inside the chart, higher high and lower low is shown in parallel channels.
1429 level was a strong resistance level but now it is a support.
If the market sustains above the 1429 level then a bullish market can be seen and 1480 is the target.
SKFINDIA:- 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...
Hello everyone, Today i am back with a new stock Cera Sanitaryware as you can see here it is showing us a lower low and higher low, Friends as you can see it is also shifting down along with candlestick Targets near 5600, Thank you
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...
NIFTY Looks Like Forming Next Lower High Below 18000
IF 18000 Act as a Big Resistance Expecting Lower Low to reach 15000 or Higher low @ 16400 rang
IF 18000 Gets Break Can See a Good Uptrend
SYMBOL: 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...
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...
Tata 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...
Since, Nifty is under consolidation and forming lower low formation,
Nifty will hit 15836 - 15850 will act as resistance, if it break out there are possibilities to reach 16000 in upcoming week.
If it goes below 15850 then there will be major fall upto 15460 - 15500...
Tata Chemical chart is showing H&S formation, Big selling volumes , RSI below 40 as well as Hl/LL formation too...
One can go short below 670 for long targets...
