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Bearishharami

Torrent Pharma - Looking Weak - CandleStick AnalysisNSE:TORNTPHARM has made a bearish harami on weekly candle. If 1507 is taken out on downside and a close comes below that, I would be looking for 1481, 1461 and 1452 levels on the downside. Depending upon your risk appetite, enter the trade either in cash or in options. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TORNTPHARMShort
by nerdywasabi
Bullish and Bearish Harami candles concept Educational Post Bullish Harami Bullish Harami is candle stick pattern which shows counter attack by bull on bear entering the support zone. Significance of candle stick pattern is at support level of charts. Bullish(Green) candle should gap up from close of bearish(Red) candle and close should be above the median of bearish(red) candle with volume. Bearish Harami Bearish Harami is candle stick pattern which shows counter attack by Bear on bulls entering the resistance zone. Significance of candle stick pattern is at resistance level of charts. Bearish(red) candle should gap down from close of bullish(green) candle and close should be below the median of bull(green) candle with volume. If you like the post,Please follow,like and share it. Happy Trading!!!
NSE:NIFTYEducation
by Darshan_Panchal
Hindustan Unilever is showing signs of bearishness Hindustan Unilever is showing signs of bearishness Reasons/Traits : • Daily Trend far away from 20 EMA • Uptrend is in pause mode • Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down) • Since 17 sessions stock did not retrace • Volume is decreasing • RSI and MACD in overbought zone • For a healthy uptrend retracement need to happen What can happen next : Scenario 1 : If we consider 6th Sep shooting star as retest then price going down below 2757 can take it down to 2660 and then 2600 levels Scenario 2 : Price going up can retest 2825 levels or up before going down to touch EMA 20 around 2655 levels (0.382 fib levels). If it sustains here trend will be up else trend can go down till 0.50 and 0.618 fib levels before going up and any failure here can lead to 1 and 1.237 levels of fib to complete the retracement cycle 2600 level is very crucial, Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDUNILVRShort
by AdhigamaTrading
1
Did Titan reach its life time high and ready for profit booking Did Titan reach its life time high and ready for profit booking ??? Reasons/Traits : • Wedge pattern break out target reached (width of wedge would be the target) • Inside bar/Bearish Harami candle formation seen today • Titan is at life time high • Is in overbought zone with decreasing volume What can happen next : Scenario 1 : Uptrend can continue to reach 4.618 levels of ABCD pattern /2080/2100 levels Scenario 2 : Profit booking to go downside of 0.236/0.5/0.618 and go uptrend 2000-2100 levels are an important zone, let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:TITANShort
by AdhigamaTrading
1