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Shortsetup

ABB - Downtrend Possibility The stock is in bullish mode for the last five sessions and ran more than 300 points. If reverses from cmp or after reaching 3500, may go in a downtrend. The downward targets maybe 3230/2950/2800. All levels and points are marked on the charts. If sustains above 3500, the setup fails. Only for learning and sharing purposes, not any kind of trading advice in any form. Anytime we must not feel stuck in a trade. Step out from the trade as it hits our risk management. All the best.
NSE:ABBShort
by anandlive
Nifty 50 Visualizer is BEARISH!⚠️Attached: Nifty 50 Daily Chart as of 19th April 2023 In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things: 1) Trend Lines 2) Fibonacci Retracement 3) RSI This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation: - Notice how Price has reacted around the Trend Lines and the Marked Arrows indicating the same - Price has stalled at 0.5 Fib Retracement of the Decline that started in December 2022 - Daily RSI has failed to surpass the 65 level, within the territory of a Bear Market Rally Based on the above weight of evidence, Price can potentially see a Decline back down to the Next Trend Line Support which also coincides with the Unfilled Gap Area
NSE:NIFTYShort
by T_Harth
AMBUJACEM- Bearish Harmonic SELL!Attached: Ambuja Cements Hourly Chart as of 21st April 2023 Price is heading Down on its Way to Meet the Harmonic Pattern Targets (SELF EXPLANATORY just see Chart for levels) Some other Points to also note are as follows: - Hourly MACD in Sell and below 0 line - Hourly RSI below 30 and Oversold (as it should be in a Bear Trend) - 20 Hour EMA below 50 Hour EMA and in Sell Mode (blue and red ma) - Price has broken below 200 Hour EMA (black ma) All these are characteristics of a Bear Trend
NSE:AMBUJACEMShort
by T_Harth
SBILIFE- False Breakout gives a SHORT!Attached: SBILIFE Daily Chart as of 21st April 2023 For the Levels, it is already marked in the Chart (SELF EXPLANATORY) Stop Loss > 1136 Downside Target 1= 1074 Downside Target 2= 1054 For the Thesis as to why it is a SHORT: - the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as the Low of the Candle was taken out - with the 21st April Candle (latest candle) Bears entered the stock giving a Breakdown below POC of the Volume Profile - All Insurance Stocks saw Selling on Friday, even HDFCLIFE is similar and Bears have taken over in that Stock as well. So a Weak Sector too Note: Both SBILIFE and HDFCLIFE have Earnings on 26th April (the coming Wednesday)
NSE:SBILIFEShort
by T_Harth
HCLTECH- Bears in Control!Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are clear Headwinds from a Fundamental standpoint for IT Stocks HCL Technologies has Earnings today so you can expect some Big Move on the Short Side
NSE:HCLTECHShort
by T_Harth
2
AMBUJACEM- Relative Strength says SELL!Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023 A Classic Triangle Setup is visible in the above Ratio Chart The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50) Hence this makes the Stock a Sell Candidate based on Weakness Well if you also look at the Price Chart which I have not shared here but it also has a Classic Triangle Setup with a Bearish Bias just like its Ratio Chart
NSE:AMBUJACEMShort
by T_Harth
TITAN- Relative Strength says SELL!Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023 The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index Today Titan is also One of the Top Losers from the Nifty 50 Index Top 20 Heavyweights So as they Sell Weakness and Buy Strength Hence, Look for Short Opportunities in Titan
NSE:TITANShort
by T_Harth
3