Negativetrend
Nifty Index 24968.40 as visible by Weekly Chart viewNifty Index 24968.40 as visible by Weekly Chart view
- Nifty 50 Index has formed a Bearish 3 Black Crow Technical Pattern indicating about the probable negative sentiment might continue
- Nifty is also closely forming a sliding Bearish Double Top from ATH 26277.35 to current top 25669.35, which again syncs with the negative sentiment trend trajectory
TATAELXSI, Technical OutlookAs the price is already in a downtrend, now we have a fresh breakdown.
A short trade of 5% to 6% can be planned here.
What are your views on this short setup and which level is best for technical stop loss ?
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATACONSUM, Breakdown of Descending Triangle PatternThe price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
MANKIND, Important LevelsCurrently we are in the downtrend.
The price has given the breakdown of the bands.
The price could test the lower level of 2,056
CMP:2,127.50
R1:2,200 | R2:2,299
S1:2,056 | S2:1,931.35
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.




