NIFTY more to go down Open interest data is still negative and this short pullbacks are might create a trap.
bearish flag pattern is well built. Once NSE:NIFTY break, 15000-14900 levels will offer us a new bottom soon.
follow, like, share
Short!!!!
Head and shoulder breakdwon on PIDILITELooking for 2000 levels. A very old support. Breaking which 1950 1900
DLF at DO or DIE level !!!!DLF has reached at a critical level from where it has given a
bounce 3 times but this time RSI is not oversold so there is a chance of breakdown.
If, breakdown is witnessed than short for target of 280 with a stop of 20EMA.
BREAKDOWN LEVEL :- 302
And, also can hold short till RSI reaches 27.5.
If, bounce witnessed than long for target of 345 with a stop of 298.
GBPUSD First Short then LongGBPUSD First Short then Long, As market is following a head & Shoulder pattern, so it is expected to reach to the level of up arrow drawn, but before it reaches to this point, market will take a re-test to the neckline of head and shoulder pattern
happy profitable day guys
32350 Major support / resistance for Banknifty to be brokenThis chart illustrates the movement of bank nifty
32350 will be the area of support which will be required to short the market further and this can be easily broken down if the market conditions do not become better.
Inflation
High Dollar Index
Cheaper Rupee / Depreciation in rupee value
Increasing crude oil prices
Increasing Commodity prices
Lower unemployment rate
LIC IPO
These will be some of the factors that need to be corrected fundamentally in order to have another bull cycle.
There needs to be great earning plus corporate profits to curb the rising inflation.
Nifty - Nifty fut Short of buy Nifty 15800 PE Nifty short targNifty - Nifty fut Short of buy Nifty 15800 PE
Nifty short target 15700-15650- 15600+
1-2 days view
Sl above 15880
NIFTY LOOKS LIKE FORMING NEXT LOWER HIGH OR HIGHER LOWNIFTY 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
Wyckoff distribution of Deepak Nitrate This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected.
Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid level may become available with squeez in liquidity. At 1850 it is appx 225% of the pre-covid highs, insanely high!
Technically, it is under-pressure, and further pain can be expected in distributive manner, until a fair value is achieved.
For further information, look at the chart. It is self-explanatory!
Disclaimer: For educational purpose. Consult your financial advisor before investing.
Head and shoulder breakdown is on its verge below 225. Stay tuneHead and shoulder breakdown is on its verge below 225. Stay tuned
SBIN Short @ 540-550 range Targets 530- 520- 505- 490-465- 450SBIN Short @ 540-550 range
Targets 530- 520- 505- 490-465- 450+
SONACOMS - BearishSONACOMS - Bearish
In a short term look bullish...
But the trend is falling wedge, only bullish when it breaks the falling wedge pattern...
Educational purpose...
#GRASIM ready for Breakdown , expected tgt @1290#GRASIM ready for Breakdown
chart structure very weak
expected tgt @1290
TCS 1D HEAD AND SHOULDERSIn this chart, 1Day time frame we can see the triple top Pattern
Currently the price is in neckline and retesting. After Retesting there will be a good chance of fall.
EURUSD SHortEURUSD SHort, Because of support resistant, trend line and wave analysis i a expecting a downfall in market
i knew i am quite late in posting this position, actually i forgot
happy trading day guys
EURUSD SHortEURUSD Long, because of support resistant trendlines and candlestick pattern
happy trading day guys
GBPJPY ShortGBPJPY Short, because of support, resistant, trendlines and candlestick pattern
happy trading day guys
GBPUSD ShortGBPUSD Short, because of support resistant trendlines and candlestick pattern
happy trading day guys
HDFCBANK- BEARISH FLAG - BEARISH - SHORTFor Educational Purpose..
Short Bellow - 1360
SL - 1410
Target - 1345, 1330, 1315, 1300, 1285
Thank You
Building a spot entry in GMT.Support = Buying point
Resistance = Selling point
for more such information must follow my account.
Cardano OutlookCardano is pumping on some fundamental news but it won't last . RSI is showing hidden bearish divergence and hidden divergence is continuation of trend which is downtrend i think price would go to 0.75-0.77 area and reject from there . I will be looking to take a short trade at that area.
cheers!!!
GODREJ CP - Possible DowntrendCurrently in Head & Shoulder Pattern
Bearish only below 750 area
Targets up to 660 areas
Wait for breakdown and pullback
ADAINI ENT - Break of SupportStock broke an Imp support of 2200
After long consolidation and making double top
Imp trendline also broken
Near term target of 2100 - 2000 possible
INFY more downside below 1518- Intraday LevelsIf INFY crosses below 1518 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
