According to the various time pattern it seems to week and can go down towards 600 level soon
According to the chart patter it can goes towards price level of 1350 zone
#Tata motors (CMP-403) SETUP:- 1 . Tata motor forming a descending triangle pattern 2 . There are multiple trendline resistance from upside 3 . In weekly TF crossover between 20 EMA and 50 EMA 4 . If it break 370 level then it may fall📉 5 . If stock possible to sustain above 445 level then it may go upside 📈
The setup is shown on the charts. As long as stock sustains below 3050, may go down to 2960. Only for learning and sharing purposes, not a bit of trading advice. All the best.
Position ally Short SRF between 2670-2690 with SL above 2740 Target 1= 2220 Target 2 = 2100 Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Nifty Facing Strong Resistance Near ~ 18090, Spot Level. Weak RSI And Closes Below 50 ~ Day Exponential Moving Average ( EMA ). Short Near ~ 17920, 17940, With Stop ~ 18080, For Target ~ 17382, Expected Target Jan Expiry.
According to the Chart pattern it seems to breakout from the channel and therefore it can possible goes down to either Rs 61.5, within 1 week or soo on and if goes down than the nearest downfall seems to be 51.55 to 52, currently today it trading between Rs 63.30-63.5pa current day high Rs 64. invest or Trade by your own research or analyze I am just educating the...
In the chart, one can appreciate the downside of Elliot's correction. Wave 4 of the Elliot has taken the form of a triangle. As I mentioned in my previous post about the correction in IT, one can also expect a bearish run in FSL. Expecting a target of 96 to be reached within this month.
HDFC bank - a perfect short candidate. Not able to sustain above 1610-1620 levels.
Hello Traders! 1. The US30 market is on the verge of completing its 2nd wave of Wave C of the complex correction as originally published in a prior idea (link attached). 2. We see an ending diagonal forming in the 1hr tf at the moment. 3. Also, wave 4 often divides an impulse into harmonic ratios. There can be that possibility with the division of 61.8%...
currently market is trading in a range , we can say a big range but still we can expect a big move downside
The IT sector had a wonderful bull run post-Covid giving 250% returns and the sector has been correcting ever since January 2021. As per Elliot wave analysis, the sector probably has started the 5th corrective wave. This wave is likely to end by March-April. A good time to invest in this sector will be before the next quarter's results.
Sell #BTC around 20900, SL 21070 & Target of 20450, you can adjust to trailing SL every 100 or 150 point downside
Axisbank has made inverted hammer candle on weekly Time frame which is a bearish sign for me. Now I will be planning to initiate shorts trades in 2 ways 1) Once price goes below 930, will go short targets will be a) 922 b) 908 c) 900 Sl would be 944 2) Price retraces to 949/960, shows signs of weakness and then I will initiate short. This will be the best case...
Hello traders! 1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib. 2. We also have a confirmation of a double top candle pattern in 30min tf. 3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most...
HDFC Exact Retraced Their Resistance Zone ~ 2690, Sell With Stop ~ 2700, For Target ~ 2500 Short Term.
Three Black Crows Candlesticks Pattern Formed On daily Chart, The Bears Use This Opportunity To Create Three Consecutive Bearish Candles, Sell Positional ~ 1522, With Stop ~ 1562, For Target ~ 1350, Expected Target Jan Expiry.
weak setup in reliance stock making weak candles counter unable to sustain on higher zone pressure witnessed on higher levels can likely test 2350-70 zones again 2600 strong resistance