ZOMATO Breakdown - 5 Months Trendline BreakZOMATO has break the 5 month long trendline in downside . I've did this analysis on last trading session and today forgot to take short entry but it has break the trendline wth very good volume and today down almost 6%. this trendline can now work as resistance.
Short
Nifty: Is 200 day EMA test on the cardsNifty
- we have seen 20 day EMA crossing below 50 day EMA
- every attempts to pullback above 50 day EMA went futile
- 200 day EMA currently around 16284
- Last it tested 200 day EMA on 25 September 2020
The way things are set, Nifty has a good probability to test 200 day EMA
Stay cautious and trade light.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BTC with a lack of volumeBTC retested the diagonal support but with a lack of volume (check the last green candle though)
I'm looking forward to how this will play out, but it's not a good sign imo.
It could hint on some more downside before potentially going up. I'm personally still bearish on the lower timeframes (including the 4h). That's why I'm also shorting this one. Doesn't matter how one would look at it, bearflag or falling wedge, bearish or bullish, but this indicates nothing good imo.
Bharti Airtel - Bearish Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance.
Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises.
This is just a short-term trade, in fact, I'm super bullish on Bharti Airtel for the long term.
BAJAJ FINSERV: HEAD AND SHOULDER (BEARISH)A clear pattern formation & its confirmation. Stock has formed a Head and shoulder pattern with neckline around 17200. Stock has already given a breakout in the previous fall & now retested the neckline and falling again. One should go short on current level with SL of 17900 & look for the target of 16300/15300 and the measured target of 15000 level.
SHORT ELON USDTShort/Sell ELON/USDT
Target :0.000000591
Stop Loss :0.000002652
Signal:Negative
Sentiment:Negative
Crossover:Negative
Timeframe:10-14 days
Probablity:High
Note: Some sideways movement expected before the fall.
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