Shortsetup
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
BankNifty-Nifty misleading performance?Here is interesting perspective to look at BankNIfty. Chart is comparing BankNifty with Nifty. BankNifty has not performed better than Nifty since December 2019. Even the ATH did not breach highs of Feb 2021.
Traders like volatility and BankNifty has served them well. Chart sets a tone for underperformance in future. Most likely interest rate cuts will be the trigger point for it.
For education purpose only, use discretion!!
ASIANPAINT SHORTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
ICICIBANK - EW - Short time correctionStock is trading in Impulse on Major (Weekly and Monthly) Timeframe.
Currently, trading in a short-term correction. Retracement levels are marked on the chart.
4 wave of Major 5 is going on.
Expected to complete short-term correction in max 2 weeks and again start up move.
The analysis is only for educational purposes. Please trade at your own risk
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!!!!
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.
sell zone nifty again entering into the profitbooking zone .after making good bul run from 17800 nifty stated showing more red candle than the green candle which is indicating either profit booking or market is prepareing for a big move in either direction. hence is caution to be long without strict stops.
PVR Inox- CashPVR-Inox setup for next 2 weeks in cash.
Looks like Support level of PVR at around 1492-1480 is broken and the price has come for retest.
Will create a short position here for target of 1380-1365 with a stop loss at 1492 .
The company has weak fundamentals. The covid period has disrupt the company's earnings and booking negative profit as of now. Since PVR-Inox is the largest multiplex chain in india and the covid situation seems to getting normal, I believe the company will do better in future.
NIFTY IT has built a weak patternNIFTY IT - be very very very cautions on positions. this index setup is looking really dangerous. Longs are advised only above 29400.
If this scenarios gets played out, there other possibility is that it keeps consolidating for 2-3 years between 29400 and 27600 band. That will cause opportunity cost.
Use discretion!!
BERGERPAINTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.