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
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Trade active
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Trade active
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Trade active
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Still holding strong
Trade closed: stop reached
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Trade active
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Comment
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Today it did turn up and reach to 340 levels. Regards
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.
NeeteshJain
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@Sanjay06, Thanks for sharing, I appreciate it. Regards
dev_trader
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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.
@NeeteshJain, bro is your sl close Base? Is at 309 odd
yashpal.chudasama
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Thanks for sharing.. I am also member of peacock finances services
DebuRoy
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sir i bought@320.50.but it is down.if i give s@112or wait for bulish turn.pl dont mind
NeeteshJain
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@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
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.