Nifty Analysis on Daily Timeframe !Nifty is taking making falling channel.
Nifty also took Resistance around 19850
Nifty should come down as there is a strong resistance of the Falling Channel.
Its a Sell on Rise !!
Shooting Star
LICHSGFIN, 1D formed Shootng StarNSE:LICHSGFIN formed Shooting Star and gave closing below it.
Entry : 458.35
Target : 440
SL : 475
RR : 1.1
Short
Shooting Star in Maruti, 1DNSE:MARUTI formed Shooting Star and -ve RSI Divergence in Daily Timeframe.
Entry : 10346.75
Target : 10100
SL : 10640
RR : 0.84
Short
MCX ,1D formed shooting starNSE:MCX Multi Commodity Exchange of India Ltd is a commodity exchange based in India. It was established in 2003 by the Government of India and is currently based in Mumbai. It is India's largest commodity derivatives exchange.
MCX formed shooting star at daily timeframe (and gave closing below it) on resistance of parallel channel.
Entry : 1796
Target : 1648
SL : 1885
RR : 1.66
Short
Shooting Star formed on LT, 1DNSE:LT Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai & Technical services, headquartered in Chennai.
LT forms Shooting Star after an uptrend and gave closing below it.
Entry : 2906.75
Target : 2760
SL : 3015
RR : 1.36
Short
Shooting Star Trading Set Up Overall Trend : Down
Retracement at least 50-60 Points in Nifty50
Entry below Shooting Star
SL : 5 Points + above Shooting Star
Risk Reward : 1: 2:3:4:5
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation m
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation ma
Short
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 th
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation m
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation m
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the format
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formati
Short
Shooting StarA shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may
Short
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation
Short
Airtel Shooting Star Daily Airtel formed shooting in daily time-frame
Second candle low is 807.25
1:1 Target 773.25
Short
USD/INR Shooting Star Learning purposeUSD/INR daily chart formed shooting Star.
1:1 Target on daily chart is 81.765.
Also it formed negative divergence with double top.
Short
BankNifty Hourly Shooting Star Shooting Star
High 40435.35
Low 40305.30
Weekly Shooting Star in banknifty.
Short
Dark cloud cover confirmation: shooting star, what's next?Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal.
Last, to last week we saw a dark cloud formation, now the following candle is a shooting star.
It clearly shows the overall sentiment.
Same thing you would observe if you see, the option chain. Very few positions are carried out for Monday
Calls are being added at an important price level.
17500, 17800, 18000
BankNifty Daily Chart Analysis On daily chart banknifty looks weak as it formed shooting Star pattern with negative divergence.
Details of SL , low of second candle and 1:1 target mentioned in the chart.
We can short when it breaks low of second candle. Just remember it's on daily chart it will take time.
One candle per day.
Short
HUL Shooting Star Hindustan uniliver Ltd.
H4 Time-frame
Shooting Star at 2723.75
Low of second candle 2674.65
1:1 Target 2625.55
#shortsell
Short
INFO EDGE - Short INFO edge is at very interesting place. I would prefer short here based on Friday's closing + Volume
Short