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Shortsetup

Nifty - Short - H&S Neckline broken decisively - Target - 16500Security: Nifty (Sell on Rise) Trade Setup - H&S neckline broken decisively. So short call / more effectively traded through a December put option or a multi leg option strategy Trade: Short / Put buys / Sell on Rise / More effective if get to sell or take a buying Put option entry on a gap up bounce around 17100 / 17200 Stoploss: A wild bounce back in form of temporary short covering can take the market around and above the neckline to 17500. View negated above 17500. Trade as per your risk. Target - 16500 Please note, I am not a SEBI registered Analyst. Please trade and invest as per your knowledge and Risk profile.
NSE:NIFTYShort
by BeingNick
Bank Nifty Daily Chart OverviewHello Traders, hope you all are doing amazing! Today I will be showing you the daily chart overview of BankNifty, so traders as you can see, on the 1D chart a huge rising wedge pattern has been made which has recently broken down to 35327. Now here, I won't say I can see a double bottom but yes, I can definitely see a "W" pattern which will probably hit the lower band of the rising wedge pattern and fall down again, because if I pull a Fibo retracement from up 41871 to down 35257, we can see the retesting of the trendline will happen at the 50% level of the fibo retracement which is another confirmation that bears are really strong now. Lastly, we can see that the 20D MA and 100D MA has crossed and moving downwards, which is another very good confirmation that bears are taking control over the bulls. Now, you may ask where is the market heading to? Well, as of now chances are really high for the market to fall till 34000-33970 which is the immediate support, but as we can also see a W pattern been made, if it is strong enough then bulls will pull it off because if we make another fibo retracement from 30436 to 41894 we can see that 36110 is the 50% level(though it crossed the 50% level, it really seems like bulls failed on their part). So traders, this is what I see on the charts, lemme know what you think. Please share your valuable thoughts and comments. P.s- this is my own analysis and not a buy or sell call, before taking any trade consult with your financial advisor. Rightly quoted by Warren Buffet, "You can't produce a baby in one month by getting nine women pregnant" So guys, trade accordingly, be focused, dedicated and most importantly be patient.
NSE:BANKNIFTY
by rituparna_paul
2
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.
NSE:BHARTIARTLShort
by tanaynaff15
How I identified today's 250 point fall and how you can too! Nifty larger sentiment was down, this was just a pull back in larger down sentiment. Nifty was moving in up channel, buyers expecting a reversal to 17800. Follow buyers sellers action and what their expectations are and when they will be in pain!! Check below chart for detailed analysis - 1. Buyers were buying along lower trend line in hope of upper channel at least since yesterday. 2. Sellers were selling along higher level of channel since yesterday. 3. Decrease in lower slope indicated interest or strength in buyers decreased. 4. Nifty unable to test upper level meant sellers becoming stronger continuously. 5. Buyers were getting weaker continuously, Sellers were getting stronger continuously and fight was getting concentrated. Finally sellers(larger sentiment) won and we had 250 point fall. Always keep the larger sentiment in mind, this up move was just a pullback in larger negative sentiment. After identifying the narrowing of range you could have traded in 2 ways - 1. Short in anticipation of larger sentiment continuation which was down with target - 17400, stop above 17600. 2. If you had no directional idea or bias then - Buy CE/PE of same price to use the range expansion after range contraction. So you could have made money even without knowing or caring about direction.👍
NSE:NIFTYShort
by NaveenGr