Reasons for a potential bullish move 1) support 2) 200 Ema 3) bullish Engulfing Plan of action - Entry - engulfing candle high Exit - 1:2 Sl- engulfing candle low Happy trading :) Disclaimer - for education Purpose
Indigo Cmp 3256 dated 24-5-2024 1. Bearish Engulfing @ Top 2. Price Fall with Volumes 3. RSI Break down Sell Below 4240 target 4185-4150-4125-4070 SL 4350 It is just a view, please trade at your own risk.
As we can see BANKNIFTY has finally reached our demand zone which has been discussed previous day! If BANKNIFTY manages to take support here then we may see a strong REVERSAL else any closing below this zone may lead to the fall till 47500 so plan your trades accordingly
Today nifty after a gap down opening has remained in a 100 points range closing 83 points lower. The daily candle is looking bearish and chance of testing 22580 levels are high, if it starts trading below today's low of 685. Nifty is trading between the moving averages and 20 ema is around the support zone. A bullish leg is there in the market and it is the...
-Posted Good results, EPS YoY 132% n 43% QoQ growth (thats type of growth in earnings you want to see in stocks you want trade) TA: - Mother Candle: 4 days Insidebar Candle -Green Vol > Red Vol -Consolidating near previous high BO level = constructive sign -Good flushing of sellers -Good Shakeouts, when price go below major ema, here both 21/50 emas, n rally...
As we can see after strong rally BANKNIFTY finally got rejected from our supply zone which has been marked as a median making BANKNIFTY indecisive now but as soon as BANKNIFTY breaks above we may see 50k mark in no time leading to new ATH so plan your trades accordingly.
My view on this script is bullish. It has potential to Reversal from this zone. Target 1=1619(1:1) Target 2=1632(1:2) Stoploss=1593
As we can see NIFTY has formed more like an inverted hammer candle in daily time frame which shows signs of weakness but we must stick to the main trend and look for buying opportunities hence as long as NIFTY maintains itself above 23000, the trend continues so plan your trades accordingly.
Today we have a indecisive candle (doji). A Doji above the upper edge of a triangular pattern indicates the weakness in the uptrend. The price could test the support level of 415. If tomorrow we get a red candle then a shooting star pattern will be formed. So, I am waiting for a trend to start. Disclaimer: This is my pre market analysis and my trading journal....
An Inverted Hammer candle formed on the top of the trend. I use the Fibonacci tool for levels. Zone : Expansion Trend : Negative Probability > 65% (On Scale) CMP : 460.80 R1 : 507.10 S1 : 436.60 S3 : 393.00 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
In the Weekly Chart of RAJESHEXPO , we can see that, it has formed a Second inside candle. Also it is a Decision making candle. Take a small trade by Entering on breaking Candle's High with Low as SL.
In the Weekly Chart of UFLEX , we can see that, it is inside Triangle. Also it is trying to bullish after consolidation. Enter on breaking Candle's with Low as SL. Expected momentum is shown in chart.
In the Weekly Chart of HDFCLIFE , we can see that, after strong selling, it is trying to show up move with W Shape recovery. Enter on breaking Candle's with Low as SL.
In the Weekly Chart of EPL , we can see that, after retesting , it ready for big move. Expected move is shown in chart.
My view on this script is bullish Ofter strong rally its on consolidation and makes wedge pattern . Strong Breakout with Retest with Volume
Daily: Trend Negative, The Hammer candle formed in the compression zone decreases the probability of the next negative candle. 5m TF: Trend Positive, Break of Structure
Long BEL @ CMP. Buy 280 CE May-2024 and Hold till expiry.
Long BEL @ CMP. Buy 280 CE May-2024 and Hold till expiry.