Shortsetup
SBIN "Bearishview"Reasons:-
1.Daily chart heavy rejection.
2.this candle may be an retest
3. 200 being an psychological resistance
Caution :-
The price is still above 200 EMA I.e. its still in Bullish phase.
This is my point of view, lets hope for the best.
BANKNIFTY POTENTIAL MAJOR LEVEL BREAKIn the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same.
INDICATIONS:
1) The stock price has crossed EMA200 and went below the level.
2) The stock has formed a BEARISH ENGULFING pattern.
3) The stock is about to break the major level of 23000.
For Bearish Trend:
TARGET: 22500
STOPLOSS: 24100
(DISCLAIMER: This information is only for analysis purpose. Trade with the given information at your own risk. I will not be liable to any losses incurred to you in this trade.)
Exide IND to breakdown from hereExide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
#LETSTALKABOUTMARKETS - JUBILANT FOODJubilant Foodworks has closed below it's 21 moving average after a really long time. Recently when Nifty touched 10800 it closed at 2258 i.e. above the 21 moving average that time, but this time the close is below it.
1. Technically, RSI and the MACD also support the bearish stance.
2. IT has also crossed the middle band of bollinger bands, which gives us an extra support factor, it is bound to touch the lower band of 2265 which is also the support zone.
One can take a short position in this with a strict SL of 2375 for TGT1 2250 and TGT2 of 2170.
This is purely for educational purpose, I am not a SEBI registered analyst.
Please like or comment if you agree or disagree with this view.
NIfty (Profit Booking)Expecting the uptrend to take a pause and make some correction. As per the wolfe Wave EPA line is best place to book profits, hence negative bias.
Venkeys India Short trade setupPossible ichimoku Signal in coming days Buy whenever Blue Line crosses above Red line
AND
Exit at 1770 or when the red line crosses above blue one
Bank nifty Intraday TradingIn this video we show how to do scalping method with perfect SL trailing.
Video Courtesy TRADING VIEW.
Video is only for educational purposes.
#INTRADAY
#BANKNIFTY
#STOCKMARKET
Indigo (WW + Harmonics)All patterns are reversal patterns. Better to wait for price to reenter the trendline and give a false breakout scenario
APOLLO TYRE ON DAILY TIMEFRAME.SHORT OPPORTUNITY CAN BE SEEN NEAR RESISTANCE IF THE THE STOCK DOESN'T GIVE A BREAKOUT
IF ANY MISTAKE PLEASE LET ME KNOW IN THE COMMENT BOX.
THANK YOU.
SBI CARD Wave 1 Complete. Time for Wave 2 Decline!Chart Data as of 25th Sept, 2020
A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse
Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed
I have a Minimum Target of ~ 725 for this Decline.
Key Levels to Note:
T1= 725
700 psychological level
T2= 685
T3= 640
Where this Wave 2 Decline will Stop, I do not know but there is a High Probability that we will at Least meet Target 1 for this Downfall.
My Bearish View Negates if we make a New High above 868
Studies apart from EW such as:
Price Volume Action
RSI
MACD
ADX
......Are ALSO Confirming my Bearish Thesis, SO if you do not want Short at least I Will not be a Buyer till SBI CARD makes a new High.
Provide me Feedback and Support if you liked this Bearish Setup
Happy Trading :)
GBPJPY ShortI'm looking for potential shorts for this pair from now, previously my bias was bullish thus had taken a trade and i think it'll hit my TP.
Now as we see there is a bearish rising wedge so we can expect a bearish move from now.
#keep_it_simple
#SS_Forex_Analysis
ASIANPAINTS will fall to take trendline support CMP= 1980
Stoploss = 2084
LIKE & FOLLOW
DOn't forget to check the related ideas
Sell Nifty. Hourly close below support. Targets - 10885 & 10570Sell Nifty for target of 10885, & 10570, SL- 11200
Hourly close below support.
SHORT ON GBPUSDGBPUSD IS MAKING A HEAD & SHOULDER PARTENS WHICH IS A SIGN OF A BERISH MOVE. LET ME KNOW GUYS IS IT A VALID HEAD&SHOULDER OR NOT
Intraday Trading Strategy using 200MA and 8MA. (HEROMOTOCO)Strategy explained in detail on the chart.
Short in Zeel In continuation with earlier idea on Zeel completing harmonic pattern, now on the reversal , trade entry is below 199.50 with series of targets at 191, 183, 170-165, 156
It's on daily timeframe hence calls for a long term viewpoint.
Double Top formed on Daily chartdouble top formed on NZDUSD, after huge dropdown now price is making some correction, according to me price is going to drop very soon..this is not financial advice so be carefull when u trade
Head and shoulder pattern in TITAN Titan has already crossed the neckline so we can go for short and it has little hurdle at 1154 otherwise it may fall below 1150
PEL - SHORT SETUPPel broke down its support and has formed bullish engulfing while retesting. This can be a good shorting opportunity for pullback traders
head and shoulder on "SBIN"All levels mentioned in the chart. How did I say this?.. ITS by fibonacci levels ,by head and shoulder pattern and by RSI
