NeeteshJain

TITAN - BULLISH MARUBOZU CANDLESTICK FORMATION

Long
BSE:TITAN   TITAN COMPANY LIMITED
It is been observed on the daily chart that the price action forms a bullish Marubozu candlestick pattern with a breakout from a downward trend line indicating buyers dominance over the price action and control over prices. It shall move further up to next resistance levels.

Target 1: 332

Target 2: 340

Stoploss: 312
Trade active
Trade active
Trade active
Trade active: Still holding strong
Trade closed: stop reached
Trade active
Comment: Today it did turn up and reach to 340 levels. Regards

Comments

If you think you've found a Marubozu candlestick pattern, look for the following criteria:

First, the single candle involved in the signal should have a long real body.
Second, there must not be an upper or a lower wick (a.k.a., a shadow).

That's all there is to it! You're looking for a big block without any extraneous limbs or extensions.

Clearly, this is not the right pattern we are looking in the chart.
+3 Reply
NeeteshJain Sanjay06
@Sanjay06, Thanks for sharing, I appreciate it. Regards
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what happened today here on Titan in last 15 min? :-). Neetesh Sir, looks like its going to reach your given target. Looking forward for next couple of days.
+1 Reply
NeeteshJain dev_trader
@dev_trader, I look forward to it too. Regards
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coolmuthz NeeteshJain
@NeeteshJain, bro is your sl close Base? Is at 309 odd
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Thanks for sharing.. I am also member of peacock finances services
+1 Reply
sir i bought@320.50.but it is down.if i give s@112or wait for bulish turn.pl dont mind
+1 Reply
@DebuRoy, Today, It was a last retracement session as Sellers tried to push prices down to previous candle but failed to do that. Now, Buyers take the control over the price action from tomorrow onward. Today, it again formed a bullish Sandwich candlestick pattern, indicating further move up. I would advise you to hold for now. Regards
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Thanks for sharing chart. Regards.
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Thanks for kind update
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