Short!!!!
BNB SHORTTIME TRADEhere bnb can have a bearish or bullish move according to the 4 hr timeframe as i see blue line is daily DAY
and green line is HOUR trendline bnb broke day trend line as i have posted already i have a short trade on bnb
and i also look for short time trade so i took this trade if bnb has a bearish candle in hr tend line it has a bear move
and break the trend line with bull candle has a bullish move
stay tuned to get more trade ideas
Nifty Analysis | Trade PlanAs per current market sentiments and global news we can see bearish momentum in Nifty 50 in upcoming days. Technically also the Index is forming descending triangle pattern taking support at 16900 -800 zone and once this support breaks than we can see Nifty to 17600 levels. Now talking about the levels plotted on chart we can plan out trade based on these area, the beaeish breakout level is crucial to watch out for but If it gets broken then we can see T1 & T2 as per our study, however the only level for bullish reversal is also marked on 17000 area which is also a psychological support. Bottom line is there's more downside than upside in the market for upcoming days.
Nifty Descending Triangle PatternNifty Making Descending Triangle Pattern
WHAT IS A DESCENDING TRIANGLE?
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support. This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend
Tomorrow levels for Nifty 50So, guys after analyzing the chart we can see clearly a descending triangle pattern on 15 min time frame which shows us that market is looking weak. According to the chart pattern tomorrow we can look for short positions below 17235 and book our profits at 17100 price level. Best of luck.
RBLBANK at channel resistance with Evening starRBL BANK is one such stock which can give you solid returns when it shows signs of falling.
This is one such scenario where it has made a lower high at channel resistance with evening star and also stochastic indicator has given a negative cross over at the same point.
To make money on this opportunity, we may SELL 145 CE option easily hedging it with 150 CE BUY.
Plan your Trade! Trade your Plan!
Happy Trading !