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JINDRILLWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:JINDRILLLong
by Rvkachhadiya
22 Sep ’23 Post Mortem on Nifty - still shows weakness 🐻🐻🐻Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain the bearish stance with the first target at 19672 and the second but strong target at 19589. Ideally the bears should be able to close the day below 19589 tomorrow and take out the 19310 early next week. One thing to remember is Nifty50 is still not bearish on the daily time frame whereas SPX is.” I would say we had a flattish day today and a tight range. Nifty showed the tendency to fall but was eclipsed by BankNifty. There were 2 news events that took priority over the technical moves JP Morgan adding India to emerging market’s bond market (GBI-EM Global Diversified) Ministry of Finance - saying removal of I-CRR will give ample liquidity for banks We will discuss both of them below in our BankNifty analysis. But most importantly - when there are news flows - it will always take precedence over the technical analysis. Thats because stock markets are mainly news driven - the element of greed/fear is amplified when news breaks out. We discussed yesterday that the first target would be 19672, that was hit by 10.00 and things were looking quite promising for the bears. The pullback that started from there went on till 12.50 and would have given some respite for the bulls. However this did not last long and we came back to where it all started. Nifty closed the day with a loss of 0.34% ~ 68pts on what should have been a strong down day. Yesterday SPX closed at -1.64% loss and fell below the 2nd support line into a strong bearish territory. Compare that with India’s stock markets - we are still not there on the bearish scene. The major support is at 19310 which is another 1.8% away. Bears can still go into the weekend party seeing 3 red candles on the daily time frame. For Monday I wish to continue my bearish stance with the first target being 19563 and second 19484. If the momentum fades and we are unable to pick a direction in the opening 2 hours - I wish to change my stance to neutral to a wait and watch mode.
NSE:NIFTYShort
by viswaram
Bank Nifty on Monday Bullish or BearishHello Friends, On Friday after 2nd half strong buying seen in overall indices. It looks like bullish trend started as mostly stock seen in green colour. But i do not think of like that and i'm sure it was not trend change Because if we see all technical data and indicator except Friday buying , There is still trend for bank nifty is Bearish . Let's see why 1. $ INDEX is trading above 104+ and looks strong 2. Crudeoil is trading above 7000 3. Bank nifty is trading within range lower low and higher low --- in this range it has just touched trend line and taken resistance and seen seller at particular level which indicates it will continue old trend. --- some of banks are trading near 200 EMA or below it. --- Fed rate result will going to release soon. Following this points, it looks it will be bearish continue. On Monday it may open gap up or near 44500 but it may fall like Wednesday ( history repeats itself ). Okay friends this was my analysis and point of view for monday bank nifty. Do your own analysis and trade on your own risk. Like | Share | Comment. Thank you.
NSE:BANKNIFTYShort
by apstockanalysis
Double TopA double top is a bearish technical reversal pattern. It is not as easy to spot as one would think because there needs to be a confirmation with a break below support. While a double top is a bearish signal, a double bottom is a bearish signal. Top tops usually have an upswing, initial peak, trough, second peak, and neckline. Investors can short trade after the break or place small trades, as double tops may have limited profit potential. Script = BSE Time Frame = 1 Day
NSE:BSEShort
by Jainshashwat
Dark Cloud CoverDark Cloud Cover is a bearish reversal candlestick pattern where a down candle (typically black or red) opens above the close of the prior up candle (typically white or green), and then closes below the midpoint of the up candle. The pattern is significant as it shows a shift in the momentum from the upside to the downside. The pattern is created by an up candle followed by a down candle. Traders look for the price to continue lower on the next (third) candle. This is called confirmation. Script = Lupin Time Frame = 1 Day
NSE:LUPINShort
by Jainshashwat