Get started

Candles

TexRail, Strong stock from strong sector-Posted Good results, EPS YoY 132% n 43% QoQ growth (thats type of growth in earnings you want to see in stocks you want trade) TA: - Mother Candle: 4 days Insidebar Candle -Green Vol > Red Vol -Consolidating near previous high BO level = constructive sign -Good flushing of sellers -Good Shakeouts, when price go below major ema, here both 21/50 emas, n rally back upside. -Making HLs Overall high priority stock for trade, buying above 202 Note: No buy/sell recommendation
NSE:TEXRAILLong
by takmanish007
The candlestickUnderstand the buying and selling pressure: You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. Look at the first green candlestick on the left chart, it’s a bullish candlestick right? Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though it’s a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. ⦁ If the upper wick is very long, it simple tells you that there’s a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. ⦁ If the lower wick is long, it tells you that there’s a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. ⦁ If the lower wick is short, it tells your there’s very minimal buying pressure. ⦁ If the upper wick is short, it tells you that there’s very minimal selling pressure. What about the length of the body of candlesticks? ⦁ The longer the body of the candle indicates very strong buying or selling pressure. ⦁ A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. ⦁ Sometimes the candles will have no upper or lower shadows but with very long bodies. These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment. ⦁ In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: ⦁ Next WL – 2 …what if you combine more than one candlesticks? What does it show you?
NSE:BANKNIFTY
by SriTrader5121
Shooting Star - Complete GuideWhat is the Shooting Star candlestick pattern? A shooting star candlestick pattern is a chart formation that occurs when an asset’s market price is pushed up quite significantly, but then rejected and closed near the open price. This creates a long upper wick, a small lower wick and a small body. The upper wick must take up at least half of the length of the candlestick for it to be considered a shooting star. And, it must appear at the top of an uptrend. As a result, the shooting star candlestick pattern is often thought to be a possible signal of bearish reversal. This means an uptrend might not continue (prices may fall). Traders should be careful not to confuse the shooting star pattern with an inverted hammer candlestick pattern. They both have a longer upper wick and small body. But the inverted hammer indicates bullish as opposed to bearish reversal. Also, the inverted hammer is often seen at the bottom of a downtrend. How to recognize it: i) Little to no lower shadow ii) The price closes at the bottom ¼ of the range iii) The upper shadow is about 2 or 3 times the length of the body What does Shooting Star tells you ? i) Shooting stars signals a potential downside reversal ii)A shooting star opens and rises strongly during the trading session, showing the same buying pressure that is seen over the last trading sessions. At the end of the trading session, the sellers push the price down near the open. or At the buying climax, huge selling pressure stepped in and pushed price lower. The selling pressure is so strong that it closed below the opening price. In short, a Shooting Star is a bearish reversal candlestick pattern that shows rejection of higher price. Before trading with the shooting star, one should remember the following points: Trade Entry: Before you enter a shooting star trade, you should confirm that the prior trend is an active bullish trend. Entry is below the Shooting Star candle low. Stop Loss: Place Stop Loss just above the high of Shooting Star candle or above recent high. Taking Profits: Minimum target is the size of the Shooting Star candle. I generally prefer 1:2 as first target. Best way to ride the move is to sit till any bullish signal is sensed. You can target previous swing lows or support zone. Examples- TATAMOTORS NIFTY NAUKRI High Probability Scenario:- i)Focus on the major Resistance levels, that’s where traders get trapped When you trade The Shooting Star candlestick pattern, you want to focus on trading the major Resistance levels (the ones which can be seen on the higher timeframe).When a level is obvious and the price breaks out of it, many traders will hop on the bandwagon and buy the breakout (hoping to catch a piece of the move).However, if the price makes a false breakout, this group of traders is trapped, and their stops will trigger strong selling pressure. Now, this is to your advantage because The Shooting Star candlestick pattern allows you to trade the false breakout and profit from “trapped” traders. So the more obvious the level, the more traders will get trapped — and you make more money. Conclusion So here’s what you’ve learned today: The Shooting Star candlestick is a bearish reversal pattern that shows rejection of higher prices. Just because you a spot a Shooting Star candlestick pattern doesn’t mean you go short immediately because you must also consider the context of the markets. Confirmation to go short is always below shooting star candle's low. Set your stop loss slightly above shooting star candle or above previous highs.
Editors' picks
NSE:NIFTYEducation
by Omahto
8
BANK NIFTY 19 JUNE 2020 - TODAY WILL BE EXTREMELY VOLATILE DAYTodays Bank Nifty prediction. Get your numbers ready and later tell me how you performed. lower range 20646 upper range 21321 Best Strategy - sell on upper levels , buy on lower levels The Chart clearly shows the levels. Make sure you have your home work done before entering the market as its going to be Extremely volatile day. My numbers are derived out of statistics and mathematical calculations and thats the reason they are highly reliable. There are many people posting on trading view, I recommend any trader to have a clear description before following analysis given by anyone and then check with real time metrics as whose predictions were good. Always be a responsible trader and have your data in hand as to when to enter and when to exit.
NSE:BANKNIFTY
by krishnakanth_kk