Shortsetup
Bank Nifty | 2 Dec’24 Bank nifty broke 51750 intraday today.
Bearish setup with lower Highs as shown in chart.
It will be short setup either below 51750 or near 51850 with SL of 51950 for target of 51500 and below in 1-2 sessions.
Disclaimer : This is for entertainment / Educational purpose. Not a buy sell recommendation.
IPCA LABS - Shorts below 1550 you may think of buying a put option or selling futures if IPCA labs closes below 1550 levels and then you can thank me later by boosting, liking and sharing the post.
One of the first modern pharma factory of yesteryears was commissioned by Ipca at Mumbai in 1969. The company was originally promoted by a group of medical professionals and businessmen and was incorporated as 'The Indian Pharmaceutical Combine Association Limited. ' in October 1949.
Thank you.
KPIT - at 1 YEAR SUPPORT LEVEL Can Enter at 1330
if again falls then you need to average at 1230 level
Target - 1800,1930
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Reliance : Where is the next Stop?Reliance broke down from support and gave a weekly close below that support. Looks bearish to me.
The next stop could be 1100. If market is to fall further then this will be an ideal shorting candidate.
If the markets were to reverse from here and we get a close above 1300-20 levels can try a long position and add small quantity.
This is just a view and not a Buy/Sell recommendation. Please study the chart.
Based on the market movement, find your opportunity.
MCX COPPER - TRADE ON SHORT SIDESymbol - COPPER1!
COPPER1! is currently trading at 854
I'm seeing a trading opportunity on sell side.
Shorting COPPER1! Futures at CMP 854
I will add more quantity at 860, If comes. Holding with SL 868
Targets I'm expecting are 837 & 817
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
INFOSYS - POSITIONAL TRADE WITH VERY GOOD R:RSymbol - INFY
INFY is currently trading at 1942 & approaching ATH resistance zone.
I'm seeing a trading opportunity on sell side.
Shorting INFY Futures at CMP 1942
I will be adding more position if 1980 comes & will hold with SL 2025
Targets I'm expecting are 1780 - 1700 - 1580
P.S. : INFY is approaching ATH resistance zone after a long time. ATH resistances are usually hard to break in one go. To break this resistance, INFY must spend some time here (2-3 weeks) before breaking out. Only then we will see more price growth towards the upside. As of know, given modestly high valuations of INFY & overall market, The setup looks more towards negative side & It is highly likely that the price will take resistance from here & change its course to south. I've shorted far month futures already.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BHARTI AIRTEL Support Breakdown: Don't Miss This !A break below support indicates sellers are willing to sell at even lower prices. It also indicates a lack of buyers.
Please share this as much as you can so that we all collectively can short airtel below 1662 closing level
Keep boosting this so that I am reminded to find more such scripts to help all of you !
CAN MARKETS SURPRISE US??? BANK NIFTYIndian markets are at an all-time high. Both Nifty and Bank Nifty are trading near their resistance levels.
Technically, a correction is due. I'm not expecting any big upside move in Indian indices.
I won't be surprised if Bank nifty corrects by 3000 points in the coming days.
This would correspond to the length of wave 3 as well as 0.618 Fibonacci retracement.
Trade with appropriate stop-loss.
PS: MARKET is always RIGHT!
Mahindra and Mahindra ltdAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
CHFMXN - SHORT TRADE FOR HUGE PROFITSymbol - CHFMXN
CHFMXN is currently trading at 23.37
I'm seeing a trading opportunity on sell side.
Shorting CHFMXN pair at CMP 23.37
Holding with SL 23.70
Targets I'm expecting are 22.70 - 22.20 & 21.75
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
SBIN : A perfect breakdown short trade📉 SBIN has depicted a perfect breakdown of rising trend line in the Daily time-frame.
🔰 It's RSI also broke the 40 level in the Daily chart. So, it's a clear trade of short.
🟥 Short : 785-780
🎯 Target : 760 / 730
🛑 SL : above 800
⚠️ Disclaimer : It's not a buy/sell advice. It's a view only for educational purposes.
NIFTY50 - TIME TO SELL ?Symbol - Nifty50
Nifty50 is currently trading at 24840
I'm seeing a trading opportunity on sell side.
Shorting Nifty Futures at CMP 24840
I will be adding more if 25000 comes & will hold with SL 25200
Targets I'm expecting are mentioned in the chart above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BEL : A clear downtrend candidate 📉 BEL has shown a clear trend line break down in a daily time-frame.
🔰 It has broken down with a good short volumes. RSI also broke the 40 levels.
🟥 Short : 290
🎯 Target : 287 / 280
🛑 SL : above 295
⚠️ Disclaimer : it's not a buy/sell advice. It's a view purely for an educational purposes.
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY
❇️ Good trade setup in Nifty50.
❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red.
❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points.
❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point.
❇️ Stopploss should be slightly above previous closing.
❇️ Achievable targets are. 25155-25125-25025.
❇️use your trailing stopploss after seeing profits.
👉🏻 @thetradeforecast 🇮🇳
FINNIFTY (CNXFINANCE) - A BEARISH CYPHER PATTERN FORMED. NSE:CNXFINANCE
❇️Harmonic chart pattern: BEARISH CYPHER PATTERN
👉🏻The Cypher pattern is one of the most profitable harmonic patterns and is useful for risk management, because of the large success rate. Traders can minimize losses if they follow the Cypher trading rules and meet the profit target.
🚀How to use
❇️The Cypher harmonic pattern is a trading strategy that uses Fibonacci numbers to identify turning points in geometric price patterns. It can help traders predict future movements, determine when trends will reverse, and decide when to buy and sell. Here are some steps for using the Cypher pattern:
❇️1. Draw the patterns
👉🏻Start with a bullish or bearish impulsive move from point X to A. Then, use a Fibonacci retracement tool to find point B between 38.2% and 61.8% of XA, without closing past 61.8%. Next, use a Fibonacci expansion tool to find point C between 127.2% and 141.4% of the move from X to A, without closing past 141.4%. Finally, use a Fibonacci retracement tool to find point D by moving from X to C and reaching the 78.6% region. You can also use a Fibonacci expansion tool to find point D by moving from B to C and landing between 127.2% and 200%.
❇️2. Enter the pattern
👉🏻Traders can enter a Cypher pattern by setting a limit order at the 78.6% level or using a market order after the price starts to reverse.
❇️3. Set stop losses
👉🏻For a bearish Cypher, place stop losses just above point X. For a bullish Cypher, place stop losses just below point X.
❇️4. Set take profits
👉🏻Draw a Fibonacci extension from point C to point D and set multiple take profits. For example, you could set the first take profit at Fibonacci one, the second at 1.272, and the third at 1.618. You can break into the trade when any of the take profits are hit. Many traders partially close their position at point A, but you can also choose point C for a more aggressive approach
ENTRY STATUS: ACTIVE ✅
TARGET 23440-23140-22555 (as per this harmonic chart pattern)
SL 23670
🚀Happy trading 🫡
👉🏻 @thetradeforecast🇮🇳