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Shortsetup

GOLD 27/6!! The bulls are still trying to hold the price around Gold price struggles to make any significant progress on Tuesday and trades within a narrow range, just above the $1,920 level during the Asian session. The XAU/USD pair remains close to a three-month low reached last Friday and could potentially drop below the 100-day Simple Moving Average (SMA). The upside for Gold price is limited by the hawkish stance of major central banks. The initial market reaction to the failed mutiny in Russia over the weekend was short-lived due to the strong stance taken by these central banks. It is important to note that the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) surprised the market by raising interest rates by 25 basis points earlier this month. Additionally, the European Central Bank (ECB) raised rates to the highest level in 22 years last week. Furthermore, the Bank of England (BoE), the Swiss National Bank (SNB), and Norges Bank increased their benchmark interest rates last Thursday. Gold price prediction today is still sideways around $1910 - $1950, the downtrend still prevails SELL GOLD zone at: $1940 - $1943 SL $1953 Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
OANDA:XAUUSDShort
by DNA_TradingFX
14
VOLTAS Chills down to its Major Support ??!!Chart patterns look optimal for a short trade in Voltas Reasons 1. VOLTAS has been taking support at the its 10 YEAR OLD SUPPORT TRENDLINE (bright green line- from 2013 till now ) 2. Right now, it is in its downswing move inside the channel pattern. 3. [b ]Inverted Cup & Handle pattern too formed and given BREAKDOWN today (27/04/23) 4. As per pattern, target amounts to the depth of the cup(nearly 100 points) 5. Target levels shown @ chart(horizontal dashed green lines) 6. Breakdown candle is more than 5 % and SL gets difficult to place....Safer SL can be day closing above 822 7. Lower low too formed increasing the probability of down move. Even if you don't short, It's better not to go long now.... Let's wait & watch how it moves!!! Note - Just sharing my view , not a tip nor advice!!!
NSE:VOLTASShort
by mmjimm
4
Tata steel after dividend Hello friends, Today was dividend price adjustment on $tatasteel. On 1 day timeframe it in bullish trend but it looks like there is short term down trend started, we can find again long position once it take support @108 or @107 #first make short position still it support #second wait for trend reverse to bullish because it may break up level and make new high this time. Its my point of view on this stock, but please do your own analysis and make your own view and take positions. Like and share. Thanks
NSE:TATASTEELShort
by apstockanalysis
EURUSD Analysis!EURUSD Weekly Analysis! EURUSD Support Trendline Breakdown! Short Trade Opportunity in EURUSD! EURUSD has given a brekdown to it's support trendline. It's been 2 week now sorry for late posting this trade idea but still the trade is in active state because there is a momentun in down side till the support zone which is 1.05447 - 1.04852. I can see this pattern is a Rising Wedge pattern if i am not wrong. We can see, in the last 2 weeks the volume is increasing like bears are interested in dragging down the price. RSI also not moving as per price if we observe carefully it is showing a small inclination during price making higher high's and then the downmove has started. Rest of all analysis is on the chart itself please have a look. Thank You! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Short
by Avinash9087
APOLLOTYRE Bears Getting Ready to Roll it Down!!!!!Chart pattern looks prudent and paving way for the above titled short view REASONS 1. Apollotyre has been trading inside the Expanding Triangle ( shown below - Monthly wholesome view ) 2. Now, it seems it has finished the upswing move and ready for downswing inside the channel . 3. Weekly time frame shows the Ascending channel in which it is travelling smoothly respecting the levels. 4. Shooting star weekly candle at the perfect trendline resistance adds probability to the Short view 5. Strong DAY close above the shooting star candle can be the perfect stop loss(if entering now- bit high risky) & Target levels too mentioned as bright dashed green lines . 6. This is a long term view. ...it needs to breakdown out the purple trendline(which we can expect in next few days) and then out of the yellow channel 7. Breaking down out of the Yellow channel can be the confirmation for less risky entry. Remember, Apollotyre is one of the Most volatile FnO stock (more than twice of nifty) and we can expect the same nature in future too will update as it moves!!! NOTE- Just Sharing my view...not a tip nor advice!!!!
NSE:APOLLOTYREShort
by mmjimm
Ethereum Giant Head and Sholders [Ethereum equals BTC in a dangerous head and sholder formation. Losing there in the region of $1,680 breaks the neckline. I put the measure move of the high leg of this head and holders, vertical line in red and it's coming to $1,240 and it seems exaggerated but that's it. Now we are looking for the $1.700 region and it won't be good to miss it. After that the more coherent target and the $1.390 and below it loses the bullish structure. Maximum attention is for the S&P500 that will dictate the next chapters.
Short
by Chemintrader