MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550(Last - 49177 / 21:05 Hrs / 4th Dec2020)
Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550
The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend.
Three characteristics of this pattern include
1. Downward trend before the pattern,
2. Gap down after the first day, and
3. Strong reversal as the second candle in
the pattern.
Should cross 50% of previous downside candle
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Thanks
Bullish Gartley
L&T showing strong uptrend in coming days?Yes,it's true.
See this latest bullish fundamental report:
The National High Speed Rail Corporation Limited (NHSRCL)
on October 19 said Larsen & Toubro has emerged as the lowest bidder for the
largest segment of the Mumbai-Ahmedabad bullet train project.
And now I seen something surprisingly in the technical chart.
that is......
Cup and handle formation and bullish Gartley pattern.
1 chart pattern and 1 harmonic pattern.both bullish.
and the stock also breaked it's trend line which was acting as support.(it's coloured orange in the chart)
and the trend line is now acting as support.and the stock reached the support.
now it's the best time to enter at CMP with a TGT of 1050.
also check my other ideas that gave 10-15% returns in that successful trades.
Related Ideas are likely similar analysed ideas.
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I just have a request.Like and comment on my ideas as they give you profit :)
Gartley pattern in SBIN-Another huge uptrend in coming days?Sbin formed Inverted head and shoulders pattern in previous sessions and showed an uptrend after it.
the stock again formed a Bullish Gartley pattern now-we are waiting for another huge uptrend even stronger
than the first uptrend which was shown with inverted head ans shoulders-the real thing is that the inverted H&S
pattern's uptrend is still pending.the picture is still incomplete :D (hindi quote) :D
It is the best entry time to buy this stock :)
Please like and comment your thoughts on this idea.🙏🙏🙏
I will post another profitable idea like this.
till then,like and comment 😂
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NIFTY 50 LONGNSE:NIFTY
A SMALL SUPPORT FOR NIFTY IS AT 11418 WHICH TRIED TO PUSH THE INDEX TO UPWARD FOR 30 TO 40 POINT BUT STILL MAY PROVIDE THE INDEX AS SOME STRENGTH ALL THE LEVELS ARE ON CLOSING BASIS.
NIFTY SPOT VIEW
NIFTY 11418 ACTIVE AND WE MAY SEE THIS ACT AS AN IMPORTANT LEVEL BUT IT LOOKS LITTLE WEEK.
NIFTY 11325 TO 11300 COULD BE A MAJOR RESISTANCE FOR THE INDEX WHICH WILL PROVIDE A STRONG SUPPORT FOR THE INDEX.
UPL: Possible Long NSE:UPL
Hii,
UPL is looking good for long though it has been very active for past 9 months. It had took good support @ 832 and reversed back. I am expecting its next level to 1090. If it breaks 870. Then, short till 840, 820. Stoploss for long will be 870. This trade is for middle and long term traders.
Research and analyse on your own before taking any Decision.