Short
Bank Nifty - Harmonic PatternBank nifty had broken all the previous supports today and is expected to continue its down trend. As bank nifty is overly sold, a pull back rally can be expected before it continues its down trend. Currently, Bank Nifty is sell on rise mode and one can expect a reversal from the marked harmonic level.
TCS shortTrade details:
Monthly tf: Market reach the all time fib extension levels (1.618). possible to came for correction.
Weekly tf: sideways going on
day tf: market reach the day support but, still it not change the trend to up trend, still we have a possibilities to sell
Hr tf : day tf correction completed (0.328) and hr tf trend was changed.
HCL TECH BULLISHExpecting bullishness in #HCL_TECH in the short term untill it breaks and open & close candle formed below 1060 levels.At the same time Indian IT index took support around first level retracement area and its moving upside.Even though all looking good still Ukraine-Russia crisis hearing in our ears,so we should act according to global cues(Taking decision according to global cues is only for swing and short term trades).So as i always say whatever we do,must follow risk reward and money management.
For longterm its just a beauty to add on dips. Have a good trade.
#StockMarket #StockIdeas #StocktoWatch #Intraday #ShortpositionGRASIM INDUSTRIES
Grasim broke its support line and then consolidated for 3-4days.
Now again it broke down today forming Inside candle
Also rejection from 50% fib level and support at 38.2% fib level.
If it breaks 1515 levels then possibility of more downfall.
Avoided in case of gap down.
Note:
Levels are for education purposes only.
Do your own analysis before taking any trade
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.