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Reliance Industries Short (don't buy only sell)NSE:RELIANCE reliance may fall there are several reasons 1) it has formed a head and shoulder pattern and has given a breakdown. 2) if you notice breakdown candle is bearish "marubozu", showing people are selling at all prices. 3) it broke 50 ema showing weakness in the stock 4) RSI is below 50 showing bear grip 5) it has to take support now at the support level according to Fibonacci and pivot if it breaches that level downfall starts. 6) at Target 1 Fibonacci level, support line, pivot lines and 100 ema are matching each other showing strong support. 7) volume is not so great but it's average. 8) in the option chain "call side" people have hugely added open interest at 2500ce strike price means people have shorted 2500 assuming the market will fall or consolidate below 2500. 9) in the option chain "put side" people have hugely added open interest at 2400pe strike price and premiums are going up showing its a long build-up, assuming the market will fall below 2400. if you are looking to buy, buy only after signs of bull grip. Disclaimer: I'm not SEBI registered guy
NSE:RELIANCEShort
by rajeevpatil
2
PayTm, What to do ? What levels ahead ?Paytm - 1. Sell of after open and closed 27.4 % lower. 2. Two attempts were made of buying from 1600 zone - a. One from 1586 leading to 1723. b. Second one from 1616 which made lower high than previous swing meaning buyers were getting weaker. 3. Finally sustained below 1600 as buyers failed to fight the selling pressure. 4. Closed near low which means more selling likely. Highs are also being sold. 5. Measured move leads us to around 1450 level. 10% circuit leads us to 14004 levels. These will be our first levels for Monday. 6. Up side this premise will be invalidated if it sustains above 1725.
NSE:PAYTMShort
by NaveenGr
1
BTC IMMINENT CRASH! 70K TOP / FINDING ITS SUPPORT @ 52K TO 50KNO ONE CAN GO PARABOLIC, NEITHER ELON MUSK NOR BITCOIN BIG DADDY CAN GO UP WITHOUT HAVING A STRONG LEG DOWN - PERIOD. BTC GONNA CRASH @ 70K / SUPPORT @ 21W EMA / 50K TO 52K / SHORT @ 70k REASONS / INDIAN ELITE BTC SNIPER v4.0 / IN MY HUMBLE OPINION 1. BULLISH TREND - RISING WEDGE PATTERN indicating TREND REVERSAL in the mid term (as the same MAY 2021 Crash) 2. HEAD AND SHOULDERS PATTERN - formation of head and shoulders pattern 3. WYCKOFF DISTRIBUTION PATTERN / As the same Feb 21 - May 21 4. ABC correction wave Imminent / finding its support @ golden 0.618 fib around 50k -52k 5. 21 Week EMA @ 51530 at the time of publishing. 6. LONG @ 50 - 52K TILL 135K, THEN EXIT THE MARKET PROS OF BTC CRASH 1. HEALTHY CRASH FLUSHING OUT OVER LEVERAGED PLAYERS (>3X) 2. EXTREMELY BULLISH , AS SOON AS THE CRASH HAPPENS, CONSOLIDATION FOR 15 TO 25 DAYS ( JAN 2022), THEN BTC GONNA GO PARABOLIC TO 135K, FINISHING THE CYCLE AROUND 150 K @ MAR 15/22. 3. THIS MARKET CYCLE ISN'T OVER WITHOUT BTC CROSSING 100K -PERIOD. 4. THANKS TO BENJAMIN COWEN @ CRYTPOVERSE FOR HELPING ME GAIN SO MUCH KNOWLEDGE. THANK THE GOD / ALL GLORY GOES TO HIM. THANK YOU.
Short
by vign1995
Bitcoin's rising wedge on the 4hBitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range. This may be a nice bounce since we're seeing a nice a wick from the bottom. Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the Taproot Upgrade). But, I'm still bullish for the future! To be honest with y'all I've de-risked a lot of my perps and are foremostly in spot because we're right now in a breaking point in my opinion (if we go down, we go down hard, if we go up, we go up but slighly slower) The VPVR shows a lot of buying pressure at around 63K and not so much selling pressure above the current price. If we break the current red zone, the next resistance that I'm watching is at around 65.5K.
FTX:BTCPERP
by NotAChartist
Breakout of the Triangle When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support. We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure). If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side. But I'm definitely keeping my eye on the green support zone.
FTX:BTCPERP
by NotAChartist