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Bajaj Finance SHORT Trade, Head & Shoulders TOP!Attached: Hourly Chart A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern. In this case, there is a BEARISH Implication One can Short at CMP Stop Loss above 7380 Downside Target open to 6900- 6800 Stay Safe And Happy Trading! If you like my work, then check out my profile and the other trade ideas that I have shared recently. Any kind of support is appreciated :)
NSE:BAJFINANCEShort
by T_Harth
finding Tops | Nifty Targets | Crash - Hedge yourself !!This is How I try to learn to catch Tops and bottom, Market is like an "Infinite Sea"- full of earnings & looses.. but beauty of this sea is that it behaves in a systematic manner like a nature which is very well explained in Elliot Wave theory and Neo Wave theory . A good entry and exit always gives u maximum return and vice versa for that u really need to have patience and principles while jumping into this "financial SEA" like I have shared charts where market gave u signal of exit and u can play for some extra ordinary moves, now its upto you, how you find your entry and exits as per your appetite, either in ending diagonal from 17150-17992 or bouncing wave of new Downside move post ending diagonal completion. Market always gives u few chances to safeguard your money in case of reverse moves. for example in just 2 days market fell 660 points from tops but still retraced approx. 300 points on upside i.e 50% retracement, even if u exit u loose hardly 300 points out of 2700 points move. well If you have seen my previous post where I catch the bottom of 15183 for new up move & if one has invested that time could have earned 2200-2700 points depend on your entry point or 18% in nifty and waited patiently for swift exit by finding such patterns which fulfills top making criteria's. Trust me the best Part of finding tops is Media + Pattern ( a deadly Combination) , they(media) make the maximum noise during tops and bottoms which gives u good indication of such areas ( pattern ) to plan your next counter moves. Now Very likely we are going to see a "Covid Style Crash" (in Diametric pattern, which we will have detailed study in my upcoming post) yes this is likely the much much awaited fall since 2 years who have missed taking part in the Crash, I believe major indian traders ( the enthusiastic youngsters) entered post Covid Crash - for fundamentals we have many topics to discuss post this crash like few of them will be Economic Crises, recession, Wars , Bankruptcy etc.. !! Lastly as I said, market give opportunity major of the times to face few situations repeatedly in your life span which gives u very great Sailing experience in this financial SEA Thanks & Regards Self Analyst Vishal Sancheti
NSE:NIFTYShort
by VishalSancheti
1
Nifty - Where is it headed?Nifty on Friday has seen a narrow range top with spot Nifty making an all time high. However, volume seems to be drying up. Does this mean SM have stopped trading and only amateurs have taken positions? Can this be a false upside break of the wedge forming? I remember the instance mentioned in Tom William's book Master the Markets looking at this instance. Well... let's not anticipate and wait for couple of hours before the show begins! Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:NIFTY1!Short
by Market-Thalaivaa
1
INDUSIND BANK - Broadening pattern | Target - 1300 🔰 MY thought process : ⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :) 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :) 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:INDUSINDBKLong
by Averoy_Apoorv_Analysis
Nifty ready to Crash for November end!Reasons to go Short on Nifty: - Rising Channel/ Rising Wedge/ Ending Diagonal Pattern (call it whatever) has formed on Nifty 4Hr Chart - Triple RSI Bearish Divergence + MACD Divergence - Today we saw a Steep Sell off (Wide Range Bear Candles) - Market breadth has shifted in favour of declines to 1:2; it was at 6:1 during the opening today - On Nifty's Daily Chart, we got an RSI breakdown below 70 too today, Weekly RSI has not yet managed to cross 70 - FIIs had been buying vigorously since November start but today they barely bought 24.2 Cr, once they start selling we would have not only DIIs who have been selling recently but also FIIs putting that selling pressure - Thanksgiving is on Thursday and US markets are shut on that day, the following Black Friday US markets will operate half day. And then the coming Monday is Guru Nanak Jayanti so Indian markets are shut on Monday. Hence, Long weekend ahead likely to see Long Unwinding - Sentiment has been Extremely Positively recently and the Markets are short term overheated along with many individual stock names especially in Banking & Financials, this all calls for a Short term Correction - If you look at individual Stock Charts of Nifty 50 Heavyweights, then you will see Weakness there too for the short term, hence the Heavyweights can drag the Index down steeply - Remember Markets Top out on Good News and Bottom out on Bad News. With the recent Vaccine news, it seems that now all Good news has been discounted by the Markets so what's left to push it higher? "The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone" - Michael Marcus, Market Wizard Our Short Thesis for Nifty checks quite a good number of Criteria. So there you have a recipe for a High Probability Trade ! Downside Risk Open to 12,475 as per the Pattern View Negates above today's High Happy Trading :)
NSE:NIFTYShort
by T_Harth
1
IOC short term setupIOC is looking weak, in terms of price and volume correlation. It was consolidating in a range and then gave a break out of the range on 19th August. The volumes, then, were above the 100 DMA, suggesting some sort of strength from the buyers. After that breakout, price did continue to move higher, and volumes did expand as the price moved higher. But in the last 2-3 sessions, there have been various strong signs of sellers entering IOC, in form of bearish candles on back of volume expansion. This volume expansion has been more than the volume expansion during the bullish phase, suggesting supply is greater than demand. I will personally wait for more confirmation, such as bearish engulfing candle on back of volumes, to initiate any type of short trade. Another confirmation is the break of the upward trendline, marked with the callout box. Another decisive level is 90.5. There have been signs of supply near this level, as price has reversed from the level many times. If this level is broken with strength, then this would be a sign of supply being absorbed by buyers that are stronger than the sellers. If this were to happen before the trendline is broken, then the short trade setup should be cancelled, and the trend will continue to be bullish. Upside target would be 94.85 and downside target is 84.85. Risk should be managed according to your personal risk appetite. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefull! Hope I can help you become a profitable trader! Grateful!🙏
NSE:IOCShort
by inteliigentrader
2
Nestle suspend production temporarily over coronavirus NEW DELHI: The country’s two biggest foods and beverage makers Nestle and Coca-Cola said on Tuesday that they are suspending production on a temporary basis at their plants, with the exception of limited essential products, following the country-wide lockdown amidst the Covid-19 scare. Nestle, maker of Maggi noodles, Nescafe coffee, Cereal infant cereal, and KitKat chocolate, said in a BSE filing that in view of the countrywide lockdown, operations in some of its locations, inclusive of manufacturing, distribution centers, warehouses, offices and suppliers, have been scaled down or suspended. “The company is closely monitoring the situation and will take all necessary measures as directed by the government and authorities. The impact on the operations of the company cannot be a ..assessed at this point,” Nestle said in the BSE filing. The India unit of the Swiss foods maker did not specify which for products it was suspending manufacturing.
NSE:NESTLEINDShort
by CeoCodes