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
Shorttrade
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!!
Short on EURUSD pairIn daily chart EURUSD formed the bearish candle with strong selling Volume candle.
In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside.
-------------------------------------------------------------------------------------------------------------
Risk and reward In this trade will be 6:91
Entry At : 1.09761
Sl will be : 1.10307
Target 1 : 1.08394
Target 2 : 1.07164
Final Target : 1.05990
---------------------------------------------------------------------------------------------------
This is education purpose trade.
Please take advice from your financial adviser before taking any trade in live market.
-----------------------------------------------------------------------------------------------------
For more update Stay tuned with us.
Trading Cafe 24
Thank you
Bajaj Auto Formed Shooting starBearishness appears overpowering the stock fueled by weak sales data for entire Q4, when compared to YTD.
6th April's candle indicating bears in power with long wick, which is also coinciding with Harmonic Potential Reversal Zone with some buffer points.
With Above the High of 6th April as SL, downside moves may be witnessed on chart in coming sessions.
Let's see.
COAL INDIAHi guys, In this chart i Drew My Best Levels in COAL INDIA for short position using 15M Time frames....I am in a downtrend right now so shorting is better, I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Positional Short on Torrent Pharma-Timeframe March 2023NSE:TORNTPHARM CMP 1489, Target 1350, Time frame march 2023. Expecting the Torrent pharma to trade at the levels of 500 by march 2023. Based on the continuous downtrend for the last 3 consecutive months , and expecting to touch the lower end of the Bollinger band . Expecting the target to hit within next 1month . One can trade sell futures at CMP or buy put options in Torrentpharma with the target given . The view is mine . It’s not a buy : sell recommendation.
btc in danger zone if this happensbitcoin has surprised many of us , we have been witnessed a rapid week of bullish but it all came after a deep dive of $19600 and now btc is trading around $28500 what major concern here for bullish reversal here is
if it comes below $26330 then short position will make their high posittion
for further check the bio
thanks!
BAJAJ FINSERVHi guys, In this chart i Drew My Best Levels in BAJAJFINSERV for Shorting in Positional, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Ultra tech cement SELL for 27-28 Febin.tradingview.com
There has been some liquidation on the charts and OI has increased around 6% indicating a short build up hence initiating a SELL 7175 levels. Although this trade should be taken keeping in mind nifty is at oversold levels and can witness a sharp shortcovering spike anytime during the day.(27th Feb 2023)
ABFRL : Short Trade OpportunityGood Day,
Hello Traders,
ABFRL is ready for a big downside as it went through different phases
Firstly, it was in a parallel channel upside from Feb 21 till May 22.It incldes a HEAD and SHOULDER pattern which it formed during this phase.
It broke the neckline in June 22 with a heavy sell off in the weekly candle.
Suprisingly , it rallied since July 22 till Oct 22 unprecendently.
It followed up with a Big sell off..
This time around the Sell off is done with Heavy Volumes.
Big downside is evident. Good candidate for Short side.
Time Frame : Weekly
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Short Nelcast : Downside Evident
Good Day,
Hello Traders,
Projected Target as per Head and Shoulder Pattern, if it executes properly once is breaks the neckline of 94. Lets see, how it behaves.
A good possible downside is evident.
Time Frame : Daily.
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.