SGX NIFTY Analysis - Learning Double top + Shooting Star + Negative Divergence
Triple confirmation for selling.
Short
SHORT SBI (W) SBIN, looks like it is entering the mark-down phase after forming the triple top pattern.
BANK NIFTY ------- A BIG DOWNFALL COMING ?This is a daily chart of bank nifty.
It has formed an ASCENDING TRIANGLE and has given breakout.
It will be in green for some days coz it's going for a retest and after that the indice will fall rapidly.
This can be a really good time to short Bank Nifty.
*NOTICE*
I AM NOT SEBI REGISTERED.
I WILL NOT BE RESPONSIBLE FOR ANY OF YOUR LOSSES.
IT'S JUST MY OWN PREDICTION.
Bearish Flag PatternBearish Flag Pattern Forming In NIFTY50
A bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction (see image below). The strong move down is known as the ‘flagpole’ whilst the consolidation is referred to as the ‘flag’ itself.
Bear flag formation summary
Preceding downtrend (flag pole)
Identify upward sloping consolidation (bear flag)
If the retracement becomes higher than 50%, it may not be a flag pattern. Ideally, we’ll see the retracement be less than 38%
Enter at top of the flag or on a breakout below the low of the lower channel
Look for prices to break lower with a length equal to the size of the flag pole
CDSL --- A PERFECT TIME TO SHORTThis is the daily chart of CDSL i.e Central Depository.
Currently it has made a price action pattern i.e HEAD AND SHOULDER
If it breaks it's neckline, it will be a perfect entry with a small stoploss and a target of roughly ₹50.
*NOTICE*
I AM NOT SEBI REGISTERED.
I WILL NOT BE RESPONSIBLE FOR YOUR LOSSES
Vedl for shortingWe saw a massive fall in vedl. it’s not over..
I already gave a analysis for short vedl from level of 400 for target until 300. Which is completed.
Now vedl consolidating at a support of 300.
If it breaks 280 we can short futures of vedl for target of 250 -220 with 10 rs sl.
TATA POWER#TATAPOWER
Time to short this one now great levels to gain huge profits.
Energy sector showing weakness after a great really.
TATA power at crucial Support levels.
Short below 204.
Stop loss 208
Targets
1st - 185
2nd - 170
3rd - 140.
Strong conviction.
#short #sell @Equities
@tradingview_ @vivek_mashrani @Shorting @forextidings @Tredingview
Petronet - Bearish - next Support AnalysisPetronet - Bearish - next Support Analysis
1. Breaks the primary trend, tried a lot of attempts to break the trend upwards... but due to negative trend, it came down.
2. next support at 190 and another at 180.
3. Strong down candle was created last week, due to this mostly next also will be negative for this stock.
3. I hope it won't break the 2020 crash low.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
"HDFC BANK"HDFC Bank corrected 25% from its all-time high, Now it's trading below 1300 level it can fall further 10% to 15% more, this is the best time to start SIP in HDFC Bank
TATA MOTORS - Important supportsTATA MOTORS - Important supports
1. It's a complete market downtrend, I will give you support points for the TATA MOTORS.
2. Currently stock is the primary trend, which is a positive point for it.
3. 340 is the first support point...300, and 280 will be the respective support point for TATA MOTORS.
4. hope it won't downfall as like the 2020 crash.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
GBPJPY AnalysisSetup Contains:
1. Bullish to Bearish market Shift
2. Return To Orderblock
3. Fibonacci Retracement 79%
FOLLOW PAFX & TRADE LIKE BANKS 💸
xauusd end of the week and next week 1856, 1852 are resistance.
better 1810 best neat support (1820 small support).
use for reference only!
goodluck$$$$
EURCHF Full Target AchievedWe forecasted and shared our view of EURCHF.
And this is how it turned out -
243+ PIPS, 1:4.5+ Risk to Reward Ratio!
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
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+
