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Manjushri Sharma SEBI RA

8th Jul · SEBI-Registered Analyst

News may act as a catalyst, but price action usually gives the signal first.

Stock of the week $LODHA Despite the ongoing geopolitical tensions between the US and Iran, my decision to go short was driven by technical analysis, not by the news. ✅ 1. Market Structure Shift The bullish structure started weakening. ON 5 Mints time frame Higher highs were no longer being sustained, indicating a transition from an uptrend to a bearish structure. ✅ 2. Daily Chart Warning A Dark Cloud Cover candlestick pattern appeared on the daily timeframe. This pattern historically signals increasing selling pressure, especially when formed near resistance. ✅ 3. Trend Confirmation Price slipped below key short-term moving averages. Every pullback was being sold, confirming sellers were in control. ✅ 4. Breakdown Confirmation Intraday support levels failed. Once support broke, momentum accelerated sharply, validating the bearish setup. My View News may act as a catalyst, but price action usually gives the signal first. The market had already been indicating weakness through: Bearish market structure Daily reversal pattern Weak momentum Breakdown of important support levels The geopolitical news simply accelerated a move that was technically already developing.

#TechnicalViews#IndexStrategies#Post-ClosingCommentary#WatchOutFor#Today’sTradingSetup
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