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Nifty 50 Visualizer is BEARISH!⚠️Attached: Nifty 50 Daily Chart as of 19th April 2023 In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things: 1) Trend Lines 2) Fibonacci Retracement 3) RSI This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation: - Notice how Price has reacted around the Trend Lines and the Marked Arrows indicating the same - Price has stalled at 0.5 Fib Retracement of the Decline that started in December 2022 - Daily RSI has failed to surpass the 65 level, within the territory of a Bear Market Rally Based on the above weight of evidence, Price can potentially see a Decline back down to the Next Trend Line Support which also coincides with the Unfilled Gap Area
NSE:NIFTYShort
by T_Harth
Nifty May be a Nasha, but Sensex is the Sober Reality!Attached: BSE Sensex Daily Chart as of 25th April 2023 Yes you read the Title of this Post correct, to put it simply: Nifty is Deceptive but the Sensex is Truthful In the above BSE Sensex 30 Chart, we see that Price is facing Resistance at the Channel Trend Line drawn from the December 2022 High. There are presently 3 touch points already for the Channel and today marks the 4th touch point. So the Trend Down is still maintained going by this and NO Valid Breakout has taken place. While if I look at NSE Nifty 50 Chart, I cannot spot any such Channel that connects the Highs to give such a clean picture like the Sensex is currently giving us. So the Question is: Nifty or Sensex: Which Stock Index Should You Trust? My Answer: Trust the Truthful Sensex
BSE:SENSEXShort
by T_Harth
AMBUJACEM- Bearish Harmonic SELL!Attached: Ambuja Cements Hourly Chart as of 21st April 2023 Price is heading Down on its Way to Meet the Harmonic Pattern Targets (SELF EXPLANATORY just see Chart for levels) Some other Points to also note are as follows: - Hourly MACD in Sell and below 0 line - Hourly RSI below 30 and Oversold (as it should be in a Bear Trend) - 20 Hour EMA below 50 Hour EMA and in Sell Mode (blue and red ma) - Price has broken below 200 Hour EMA (black ma) All these are characteristics of a Bear Trend
NSE:AMBUJACEMShort
by T_Harth
SBILIFE- False Breakout gives a SHORT!Attached: SBILIFE Daily Chart as of 21st April 2023 For the Levels, it is already marked in the Chart (SELF EXPLANATORY) Stop Loss > 1136 Downside Target 1= 1074 Downside Target 2= 1054 For the Thesis as to why it is a SHORT: - the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as the Low of the Candle was taken out - with the 21st April Candle (latest candle) Bears entered the stock giving a Breakdown below POC of the Volume Profile - All Insurance Stocks saw Selling on Friday, even HDFCLIFE is similar and Bears have taken over in that Stock as well. So a Weak Sector too Note: Both SBILIFE and HDFCLIFE have Earnings on 26th April (the coming Wednesday)
NSE:SBILIFEShort
by T_Harth
HCLTECH- Bears in Control!Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are clear Headwinds from a Fundamental standpoint for IT Stocks HCL Technologies has Earnings today so you can expect some Big Move on the Short Side
NSE:HCLTECHShort
by T_Harth
2
TITAN- Relative Strength says SELL!Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023 The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index Today Titan is also One of the Top Losers from the Nifty 50 Index Top 20 Heavyweights So as they Sell Weakness and Buy Strength Hence, Look for Short Opportunities in Titan
NSE:TITANShort
by T_Harth
3