Get started

Bullishharami

JUBLFOOD: 3rd Time Lucky? Now this is an interesting chart wherein I have highlighted three theoretically bullish patterns. Highlight # 1 and 2 are both Bullish Harami pattern wherein #1 lacks the existence of a well-defined down trend. Comparatively #2 was better off with an erstwhile decent sized down trend. Did not play out that well as we do not notice any bounce back. Now we have another Bullish Harami pattern (Highlight # 3). And this time it has the punch of an Inside Bar as well which points out a definite sign of range contraction. Clubbing this set-up with the fact that the RSI indicator has corrected well enough and now at the edge of trend reversal does raise a case for a prospective support. First sign of a bounce back comes once the stock scales above the high of the “baby” candle at 2245 and a better confirmed move once the high of the “mother” candle at 2265 is breathed. 3rd time lucky for JUBLFOOD this week ahead? Trade Well. Trade Wise.
NSE:JUBLFOOD1!Long
by Abhijit_Paul
1
LONG in TVS MOTOR on NSE (INDIA)This is weekly chart of TVS MOTOR (CMP @ 553.45) which looks good for a long trade based on following observations: 1. A trendline has been drawn which has been tested for its reliability many a times as established support as shown on the chart. This established trendline once again was tested on 8th Oct 2018 which also coincides with key retracement level of 61.8% as shown on the chart. 2. Counter trendline which acted as resistance many a times, has also broken out. 3. Bullish Harami was formed in prior week starting 22nd Oct 2018 followed by bullish confirmation candle in the last week. 4. Price reversal is witnessed post bullish divergence on RSI as shown on the chart. Hence, it could be a good long trade with stop @ 524 and then trailing the same to ride the trend. Happy trading !!!
NSE:TVSMOTORLong
by DEVERAMA