Get started

Shortsetup

Will Bitcoin hit 40k in the coming weeks?Bitcoin made two breakout attempts recently. The second breakout failed and this failure is indicative of more downside in the coming days. Supports that are well in target are just 6 to 8% away and lie close to 49k to 50k. A strong support of rising 200ma is well in sight. This range seems like a good support zone. The confluence of trend line support and moving average may well lead to a short term bounce from this lower range up to 56k. But I truly wonder if the support zone near 50k is going to hold for long. To me a high probability of 40k exists, yet that can only become likely if the support range of 49k to 52k gives away. Why does 40k that seems a fair probability? Generally two quick attempts at the upward breakout have lead to selling pressure. Often it's been seen that if a quick second breakout fails, such failure may very likely to lead to a strong move in the opposite direction of the breakout. With that being said, let's see how the price action shapes out in the coming weeks ahead.
CME:BTC1!Short
by amar_gr
4
State Bank of India, Good breakdown setup#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400 which can act as a psychological level and if broken 400 level can be trailed to 38% Fib retracement level
NSE:SBINShort
by SujayPatil_
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