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Bullish Engulfing

3 Drives on Bottom : Good Risk to Reward The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above the Engulfing Candle, which means risking more and RR ratio of 2 but better chances. So decide on your risk preference. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:YESBANKLong
by praveen.bhatiya
Ashok Leyland - Long term uptrend resumes ?After a steep fall of 3 months, looks like Ashok Leyland NSE:ASHOKLEY has resumed its upward journey from August. I can see that the stock has reversed from its long term trendline forming a Bullish Engulfing candle. Also, it has reversed after retracing 61.8% of its previous upmove. Good stock to accumulate with a stop loss below 110 levels. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:ASHOKLEYLong
by nano6yogesh
Aurobindo Pharma –All set to rally ?The Pharma index NSE:CNXPHARMA seems to have resumed its uptrend today after consolidating for about a month. After a pullback from 636 to 566 levels, looks like Aurobindo Pharma NSE:AUROPHARMA is all set to start the next cycle of uptrend. I can see that the stock has reversed after retracing 61.8% of the previous upmove and formed a Bullish Engulfing candle today. Good opportunity to go long here for a target of 610 and above with a stop loss of 565. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:AUROPHARMALong
by nano6yogesh
Crude Oil – Is there more steam left ?Crude oil TVC:USOIL fell sharply from 75 levels to make a low around 67. However, this low is higher than the previous one so the rally may not be over yet. I can see that the price has bounced back after retracing around 61.8% of the previous upmove, forming a Bullish Engulfing candle. So we might be in for another cycle of an uptrend in Crude. As long as the price sustains above 66, would be skeptical that the rally in Crude has ended. Would keep a close eye on OMCs (HPCL,BPCL,IOC) which might be hammered once again if there is a surge in Crude Oil price. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
TVC:USOILLong
by nano6yogesh
SBI - All set to rally ?After a huge upmove from 232 to 289 levels, SBI NSE:SBIN entered into a consolidation zone for a month. However, I can see that it has bounced back strongly after retracing 61.8% of the previous rally and has formed a Bullish Engulfing candle. Looks like it is all set to begin next phase of rally after retracement. Good opportunity to go long here with a stop loss of 250. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:SBINLong
by nano6yogesh
1
Ujjivan Financial Services - All set to rally ?After falling from 435 levels, Ujjivan Financial Services NSE:UJJIVAN witnessed good buying activity today. I can see that the stock has reversed after retracing 61.8% of its previous upmove, forming a Bullish Engulfing candle today. Good opportunity to go long here with stop loss near today's lows for a target in the 408-420 zones. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
ULong
by nano6yogesh
A second chance to buy in BTSBTC , Don't miss it.BitShares/Bitcoin New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * There is still possibility of temporary retracement to suggested support line(0.0000275), if so, traders can set orders based on Price Action and expect to reach short-term targets. *If the support line at (0.0000275) is broken, the forecast (Continuation of uptrend) will be invalid. Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 7 BUY trade(s) @ 0.00001790(day close price) based on the reversal candle (Bullish Engulfing) at 03.29.2018. Total Profit: 9900 Closed trade(s): 1110 Profit Open trade(s): 8790 Profit Closed Profit: TP1 @ 0.000029 touched at 04.19.2018 with 1110 Profit. Open Profit: Profit for one trade is 0.00003255(current price) - 0.00001790(open price) = 1465 6 trade(s) still open, therefore total profit for open trade(s) is 1465 x 6 = 8790 All SLs moved to Break-even point. Take Profits: TP2= @ 0.000047 TP3= @ 0.000059 TP4= @ 0.000071 TP5= @ 0.000102 TP6= @ 0.000176 TP7= Free Technical analysis: BitShares/Bitcoin is in an up trend and continuation of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 51.
Long
by ForecastCity
A good opportunity to buy in KNCBTC , Don't miss it.KyberNetwork/Bitcoin New trading suggestion: The price is in an up trend and we forecast the uptrend would continue. But there is possibility of temporary retracement to suggested support zone (0.000235 to 0.000187), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.000235) Ending of entry zone (0.000187) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000274 TP2= @ 0.000313 TP3= @ 0.000369 TP4= @ 0.000440 TP5= Free
Long
by ForecastCity
SREINFRA,Inverse H & S +Bull Engulf + falling wedge->> go go goNSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards. A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern. Confluence of all these factors suggest for long positions . Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline with stoploss around 97. We can see targets of 112,125 and 140.
SLong
by atul4b95
3