Educational Idea talking about reversal candlestick pattern - Tower Top & Double Divergence at the tops could be halting the bullish moves. Once we get follow up going below 16475 immediately- It could have bearish bias for the days / weeks to come ahead.
Important Support Levels - 16160 / 15800-15900 / 15500
Thanks for watching the video.
Hi Friends,
Greetings from Thenali Views!!
Today we have analyzed the BankNiftyFUT- The index has formed in Symmetrical Triangle Pattern ..
Where Lower Highs and Higher Lows are forming.
EMA - 24, 79 and 162 was in Long Bias.
The pattern was in the extensive Buildup stage. Hence, there may be chance of breakout in the symmetrical triangle in the Long...
This short video will discuss my reasons for having bullish bias towards stock indices.
False breakdown below 16180
Piercing Candlestick pattern close to 16180's - Two times
Heavy weight -HDFC yet to finish final target @ 2900+
Let me know your comments. Thanks for watching the video.
--------------------------------------
Last Idea on HDFC
...
Resistance line is retested as support as demand has increased. From couple of months it’s been moving in that channel now it’s time for a long.
Entry: above 1600
Target: 2000
SL: 1450
(It’s not an investment advice, do at your own risk)
Key points:
When a resistance is converted as support it means there are more bulls than bears amd demand for that has been....
Trade by Combining Basic Technical Analysis. How to enter in a trade by combining basic knowledge of Support/resistance and Candlestick patterns and Chart reading.
This is a weekly chart of IBULHSGFIN as we can see it gave a good triangle pattern breakout and this stock turning bullish. It sustains 246 levels then the next level is 360.
EDUCATIONAL : NSE:MUTHOOTFIN had been in a downward channel/range ( T1 & T2 ) after making a swing high of 1361.60. Later, it got trapped in a triangular pattern ( T3 & T4 ) within the range and achieved a breakout & brought the bulls in but soon it again came down and took support over T3 at point A.
There it made a bullish hammer candlestick which confirmed...
people often mistakenly see this signal as the morning star signal and book losses. this signal does not fulfill a very necessary condition of the morning star signal, ie., the third day candlestick does not penetrate at least half of the first day black candle which is of utmost importance!
Technical Overview
*XABCD Bullish pattern forming in Daily timeframe.
*Price has sharply reversed from Point D today, a bullish Harami pattern has formed on the Daily candlestick timeframe.
Volume Analysis
*On Balance Volume(OBV) divergence shows bulls have already joined the party.
*Buy on Dips. Follow proper risk management techniques.
Target 1= 985+ (for...
today's lesson is more about the MACD indicator, which we consider as a confirmation indicator. MACD is used in combination with RSI and candlestick pattern.
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
Are there any hidden or magical theories to win every trade?
Every person has his hidden technique to trade and that technique he will never reveal! Hehehe, I am asking you that which magical formula you have? Unfortunately, there is no hidden technique to become consistently profitable in every trade. If you had that magical trading technique you never surf on...
At the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high.
The index constitutes of all the large Banks and large Finance companies.
Harmonic Bat is a 5 points...
LT long term Fib retracement, acting as a strong support for L&T, forming a hammer candlestick pattern this month, , if 900 breaks and sustains, weak, however since it is a long term support, chances are it would bounce back, but its reversal is limited by long term moving average lines, hovering overhead.
200 DMA is a great simple strategy which provides good RR trades such as this one.
The idea here is simple. Markets tend to be range bound 80% of the time, which is called the contraction phase. The other 20% of the time the market is breaking out, called the expansion phase.
To win the game, it is important to understand the probabilities and play the...
![BHEL: [Doji] BHEL](https://s3.tradingview.com/o/OZWo4bBf_mid.png "[Doji] BHEL")
