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...
BIOCON Positional - Buy Above 352 Stop Loss: 327 Target: 400
The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle,...
BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was...
bullish harami signal observed on 14th and 15th may which is confirmed on 16th may.
Buy Prise - 177.50 Stop loss - 168.40 Target - 195.70
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...
Detailed description in chart **Educational purpose only
Slight Bullish Harami gives some confidence. This looks interesting because Axis is breathing some fresh air after so many months. If it sustains at this level, I firmly believe that Axis can hit the HHs pretty soon. All because of that YesBank fiasco, I assume.
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...
Ducon Infratechnologies Ltd(DUCO) Pattern : Bullish Harami Cross Candlestick Target 38/44/50
YesBank can test 345 by end of this week. Aroon Oscillator turned bullish as Aroon Up is greater than Aroon down and this change happened at the close of last week and we can see today YesBank was positive. After all the bad news factored in the price already, the stock is ready for shooting up like a star. Strong fundamentals and strong technicals => STRONG...