It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line. All we need to do is look for a bullish reversal candlestick pattern. Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish...
IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade...
Bullish engulfing daily candle. Repeatedly hitting the resistance line.
In Nifty Metal, today Bullish Engulfing have been formed. And also gave breakout from the handle of the cup. The pattern is small tough. Let's see how it goes. We may see breakout from the resistance line soon. Let's see. This post is for information purpose only. Just sharing my own analysis.
Laurus Labs was at a Down Movement from Past some many days and this moment had stoped with a Bullish Engulfing Candle which Engulfed past two Days. Next days was seen positive with gap up opening and also as usual a Retracment were we all can enter @CMP in tomorrow's Trading session Our Targets will be All time Highs and it's Breakout that is 695+ SL will be...
Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support...
A bullish engulfing candle after a long retracement which also supported by the RSI bullish divergence improves the chances of some upmove in the price.Can go long with the target and stoploss levels as above.
A Bullish engulfing along with Rsi bullish divergence and increase in the volume at the resistance become support zone, all these are a good bet for a long position but only above the candle high. Follow target and stop loss carefully
- NIFTY saw some small corrections in last 2 weeks. - It has formed Bullish Engulfing candlestick on weekly basis. - It may cross resistance level of 16000 in about 2 weeks and then re-test those levels for sometime.
BHARAT ELECTRONICS formed BULLISH ENGULFING Candle on weekly charts. company recent results were as good as the company itself. one can buy this stock at current price. Buy=172. Target =222. Stoploss = 164. Period= positional.(long term=3months).
Hdfc Life Channel breakout Level with Bullish Engulfing. Figure is itself explanatory buy above 715. Happy trading Education purpose only.
Bullish engulfing indicates a surge in buying pressure, often triggers a reversal in trend as more buyers enter the market to drive prices up further. Attractive entry levels can be obtained after receiving confirmation of the bullish reversal. Chart is self-explanatory.
A bullish momentum with more than avg volume in daily chart suggests some uptrend.Go long abv the hammer high with the stoploss and target as mentioned above.
A strong bullish engulfing candle with strong volumes suggesting buy signal. Can go long immediately for risky players or enter after a slight retracement if occurs any. Don't forgot the stoploss level.wait until the target hits.
One can intitate Buy position in HINDUNILVR with target of 2560
One can intitate Buy position in HEROMOTOCORP with target of 1175/1200/1250
Keep an eye on this stock logic 1. Weekly trendline support 2.Channel breakout 3.Huge volumes 4. Very good R: R Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
The stock took support at the range of 2480, and it formed a bullish engulfing candle at support it indicates the buying pressure we can buy and hold with the target of 2950++ Note: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss