falling wedge pattern pattern for educational purpose only
For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support...
NSE: RADICO is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving with bullish momentum for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital...
NSE: BAJAJFINSV is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 16% gain on...
On Mar 22 I already shared a strategy of Market. Checkout Expiry Explanation on my TradingView Page. Name: "NIFTY MARCH MONTH EXPIRY ANALYSIS" The market (NIFTY50) is Trading at 22150. Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300. It's a clear Reverse...
NSE: METROPOLIS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 10% to 15% gain on...
As we can see BANKNIFTY after taking support recovered almost 1000 points, now it can be seen trading in a crucial zone as this zone has been acting as a strong inflexion zone ever since. Hence if BANKNIFTY opens strong then we might see another strong rally above but will remain sideways to negative in this zone so plan your trades accordingly.
Go Long @ 4160.1 for Targets of 4456.75, 4753.4, 5050.05 and 5346.7 with SL 3863.45 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern...
Apart from BPCL, IOC is also given a multiyear breakout and has taken support at the same level and formed a kind of hammer candlestick pattern in the weekly timeframe.
Angel One had given a good rally after its IPO and after reaching a certain level, profit booking can be seen in it but if you look at it in a weekly timeframe and draw Fibonacci then you can see that it is taking support at 0.61 and also form a hammer candlestick pattern.
In the Weekly Chart of METROPOLIS , we can see that, after 4 weeks of slow selling, it has created a Decision making OR Halt candle. Enter on breaking its High with low as SL.
In the Weekly Chart of BALAMINES , we can see that; it has created a Decision making OR Halt candle. Enter on breaking of high with Low as SL.
In the Weekly Chart of GMMPFAUDLR , we can see that, after strong selling, it has created a Pinbar. Enter on breaking of Pinbar high with Low as SL.
In the Weekly Chart of GNFC , we can see that, it has created 2 pinbars in same range. Enter on breaking of inside Pinbar high with Low as SL. If it shows a Up move, it might form Right shoulder in coming time.
In the Weekly Chart of BATAINDIA , we can see that, it is at decision making point. Also, Pinbar is created. Enter on breaking of Pinbar high with Low as SL.
In the Weekly Chart of DEEPAKFERT, we can see that, it is holding itself near Strong of 500. Also selling has stopped. Enter on breaking the candle's High at 496 with SL as 748 and Go long for 2 years.
In the Weekly Chart of ASIANPAINT , we can see that, it in in same range since 3 weeks. Enter on breaking of Pinbar high with Low as SL. Possible Momentums are shown in chart.
NSE: SHANTIGEAR is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 17% gain on...