A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. Bearish Engulfing Potential Sell Signal: Three ways for selling using the Bearish Engulfing Pattern from most...
A lot of retailers may have gotten caught in this fake breakout in TCS. I provided that rough path (which I anticipated it would follow) in my original idea because I believed the conditions were not right for a breakout at the moment. The majority of the time, we cannot avoid getting trapped in fake breakouts. But in the recent case of TCS, the fakeout could have...
What is a Cup and Handle pattern? • The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. • This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs. • It is a bullish continuation...
You can also learn and get confident from my backtest chart with proof. Refer the chart for the same. The above chart illustrate what is Regular flat correction. 3*3*5 structure. Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A...
What I felt after watching this 2 hourly chart that markets are in a mood to consolidate and the best way I am finding is the markets every time trying to breach the 34450 levels they go up and came down heavily to 33300 levels which act as significant support. But markets are looking to go sideways and consolidate at 34500 on the higher side and 33300 on the...
please give me suggestion on this chart
What is a Rounding Top? • A rounding top is a chart pattern that graphically forms the shape of an "Inverted U". • Rounding Tops are found at the end of an uptrend trend and signify a reversal • It is also referred to as an inverted saucer. • Ideally, volume and price will move in tandem. Parts of a Rounding Top: A rounding Top chart can be divided into...
What Is a Rounding Bottom? • A rounding bottom is a chart pattern that graphically forms the shape of a "U". • Rounding bottoms are found at the end of extended downward trends and signify a reversal • It is also referred to as a saucer bottom • Ideally, volume and price will move in tandem. Parts of a Rounding Bottom: A rounding bottom chart can be divided...
A classic example of Wyckoff Distribution catching retail investors off guard in Olectra Greentech Limited over a couple of years. It is important to analyze the same chart through different time-frames. New patterns can emerge this way! Full Text Reference, highly recommended must-read - school.stockcharts.com PSY—preliminary supply, where large interests...
keep following this chart. I think CHALET HOTELS is highly undervalued. one can go long and also having CupHandle pattern
Reason 1: It is taking support at long time trendline Reason 2: we could evident a channel pattern which look so strong from the past month. Reason 3: CONFLUENCE The support line of channel pattern is meeting with long term trendline as you can see in chart. Reason 4: Emerging of morning star candlesticks right away at the confluence. Reason 5: we could also...
This target measuring is so accurate that it almost like reading next week's newspaper today. All you have to take the peak price before an important decline sets in and subtract next low price from it. For Example in the chart , You'll see the peak at 25 at A and the low is formed at 15 at B, you will get difference of 10 points ,25-15=10 points. next step is to...
If it will breakout then may it will go upward
- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial. - It can either breakout and go to 3350 level or breakdown and go to 3000 level. - There is high possibility that it may move sideways for sometime
candlestick(marubozu) + chart pattern (head & shoulder)
This chart gives you a brief explanation around how we read price action on EU across multiple time frames. It is always important to look at price action on a Fractal level across multiple time frames. Understanding the main trend, main ranges will help you to identify key Areas to trade from and also key areas to target for Pts. Sometimes knowing where to...
ALEMBICLTD is buy above 138.3 for the target of 150. But there is PRZ . It will reverse from that PRZ zone mentioned in the chart. Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us. Like Us Share with fellow traders Also check the below related ideas for other stocks.
cup with handle pattern formed in Gabriel India dally, chart. the stock price reached a heavy resistance level if the stock gives a breakout then its give a good moment for upside.