Shark
USDT.D FORMED BEARISH SHARKUSDT.D REJECTED FROM TREND LINE RESISTANCE AND ALSO FORMED BEARISH. Normally USDT.d and btc and alts are inverse related so now we can see the market will go high.
BTC FORMED BEARISH SHARKBTC formed bearish shark and continuing its bearish trend, in last analysis i told to make long in retest and now time to go short and support around 64500 and 62500 levels.
FET formed bullish divergence FET formed bullish divergence and bullish shark pattern. So now it time for good scalp long.
ATOM formed bullish sharkAtom formed bullish shark in 4hr and it standing on imp support line , so we can expect bounce here and next resistance is 12$
USDT.D formed bearish shark in 4hrUSDT.D formed bearish shark , it will cool down for sometime and again mostly it will move upwards so that we can expect bullish move which causes alts and btc bleed becoz usdt.d and alts are inversely related.
ETH FORMED BULLISH SHARKETH shows short term bullish sign becoz of bullish shark. Eth will retest 3675$ and then fall to 3000$.
ETH BEARISH DIVERGENCE ETH formed bearish shark, double top and bearish divergence , targets and supports are 3420, 3300, 3150
BTC FORMED BEARISH SHARKBTC now bearish for 4hr time frame bearish shark, bearish divergence and macd crossing bearish , next support levels are 67000$ and 64000$. now time to short.
BIG Bounce Or Fall? Banknifty Simple Analysis for tomorrowRecap:
As mentioned yesterday's analysis Bank nifty started with fake break out after firing 2 strong bullish candle on 15min & then a sudden dip trapped many players. But still strong support 46900 helped saved bulls to reach again for a breakout but failed & BN closed at support 46900.
Analysis for Next Day:
Bears have started dominating as seen today bulls failed to break 47200-47300 level twice also confirms bears presence more then bulls. Again mentioning bullish presence is strong above 47300.
Trend line support has also been broken in last 30 min session today & closed at support. if BN open below 46900 this can be bearshish move. Keep eyes on opening print.
Bulls can bounce from daily resistance if gap up opening is seen & for momentum they need to cross 47300.
Looks like may be it will a sideways day tomorrow.
Support : 46900,46700
Resistance : 47100,47300
Note : Do your own analysis before making any trade decesions.
Bajaj Finance : Free fall on the way ?? Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: BAJFINANCE
🔍 Description: Stock has made Broadening pattern and then not able to cross the resistance.
Now stock is making Rising channel and its near to the resistance.
If resistance is not broken then
We can see fall from 8250-8350 levels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BERGEPAINT BEARISH HARMONIC PATTERN IN DAILYCMP 582.70 SELLING ZONE 595-90 SL 602 TGTs 563/41/33 (Positional View)
Take DIVGIITTS for 30% upsideStock with medium financial performance and average valuation, but technical indicator shows weak price momentum but still sector is bullish so this is very good price to entry .
take entry at cmp 966
Target 1266
Next average at 800 and 596 ( at this level you have to invest same amount again)
08/12/2023 BANK NIFTY 1HR CHART ANALYSIS using anti alternet shark pattern and you see 15 min chart trend line break down
2 Sharks at Swap FL Two sharks at swap FL (RTM) with trendline resistance confluence. lets see how it react
TOTAL 3 FORMED BEARISH SHARK PATTERN TOTAL 3 in overbought territory and also formed bearish shark pattern. So we can expect correction from this point which gives one more chance to buy altcoins again.
🎨Stock at up trend
Volume also building
Target are mentioned in chart
Stop loss weekly low level of the stock
No recommendation for buy and sell
Crude oil price give advantages to stock move
USOIL BULLISH HARMONIC PATTERN IN HOURLY TFCMP 75.21 BUYING ZONE 74.08-74.40 SL 73.71 TGTs 75.94/76/76/77.04 (Positional Hourly View)
CRUDEOIL HARMONIC PATTERN IN 30min TFCMP 6258 BUYING ZONE 6186-6216 SL 6145 TGTs 6349/6420/36 (Positional View 30min)
DOT FORMED BEARISH SHARK PATTERN DOT Having high chances of bearish case becoz of bearish shark pattern and bearish divergence . My trader is 4.3$ in bearish.
If it acts bullish by crossing trend line the it is bullish flag. So my traget is 6.5$
ETH TRIANGLE BREAKOUT ETH BULLISH CASE : ABCD PATTEN AND TRIANGLE BREAKOUT
eth bearish case : double top and bearish shark pattern
BGRENERGY Falling Trendline BreakoutIn this analysis, we will delve into the technical aspects of BGRENERGY's weekly chart. We'll explore significant patterns and indicators that suggest potential trading opportunities.
1. Breakout of Weekly Falling Trendline:
The most prominent feature on the chart is the breakout of a weekly falling trendline. Such breakouts often indicate a shift from bearish to bullish sentiment. This is a significant technical development, as it suggests a potential reversal or continuation of the trend.
2. RSI Confirmation:
The breakout on the Relative Strength Index (RSI) adds strength to the breakout from the falling trendline. RSI is a momentum oscillator that measures the speed and magnitude of price movements. A breakout on the RSI typically corroborates the price breakout, making the bullish scenario more robust.
3. Cypher Harmonic Pattern:
A notable technical pattern on the chart is the presence of a Cypher Harmonic Pattern. This pattern is recognized for its predictive power in forecasting price movements. In this case, it suggests a potential target of ₹102.
4. Shark Harmonic Pattern:
Furthermore, a Shark Harmonic Pattern is identifiable, pointing to a potential target of ₹111.6. Like the Cypher pattern, the Shark pattern is valued by traders for its forecasting abilities.
Proposed Trade Strategy:
Considering the insights from the chart analysis, here's a proposed trade strategy:
Entry: Given the breakout from the falling trendline, favorable RSI confirmation, and the presence of harmonic patterns, initiating a long position at the current market price (CMP) of ₹73.4 seems logical.
Stop Loss (SL): To manage risk, it is advisable to place a stop loss at ₹64. This level is strategically chosen to allow for minor price fluctuations while safeguarding against unexpected adverse movements.
Targets:
Target-1: The first target at ₹84 aligns with the bullish implications of the Cypher Harmonic Pattern.
Target-2: The second target at ₹102 corresponds to the potential target from the Cypher pattern.
Target-3: The third target at ₹111.6 coincides with the target indicated by the Shark Harmonic Pattern.
Conclusion:
The technical analysis of BGRENERGY's weekly chart provides a compelling case for a bullish outlook. The breakout from the falling trendline, RSI confirmation, and the presence of both Cypher and Shark Harmonic Patterns collectively indicate an opportunity for upward price movement.
However, it's important to acknowledge that trading carries inherent risks, and no analysis can guarantee specific outcomes in the dynamic stock market. Market conditions can change rapidly, so it's crucial to monitor your positions closely, adhere to risk management practices, and consider your overall investment strategy. Consulting with financial professionals is advisable before making significant trading decisions.
