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Candlestick Analysis

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Candlestick Analysis

Candlestick analysis focuses on individual candles, pairs or at most triplets, to read signs on where the market is going. The underlying assumption is that all known information is already reflected in the price. The technique is usually combined with support & resistance. Each candle contains information about 4 prices: the high, the low, the open and the close. A candle body reflects the net price movement between open and close while the wicks show reversals that occurred within the timeframe of the candle.

Each candlestick, therefore, provides an easy-to-decipher picture of the price action. The length of the wicks versus the length of the body in combination with whether a candle is bullish or bearish, can be used to determine a signal for the price action to come. Common candlesticks that are used in this analysis are dojis, spinning tops, hammers, engulfing candles, pinbars and inside bars.
DSKF16 DSKF16 DIVISLAB, D, Long
DIVISLAB: DIVISLAB: Reversal UP-move, to Fill GAP
108 0 2
DIVISLAB, D Long
DIVISLAB: Reversal UP-move, to Fill GAP

Candle Pattern: Bullish HARAMI (Last Candle Bullish PIN, Previous Candle Bearish long Black Body) Divergence: RSI, MFI, OBV, CCI Positive divergence (Start Date: 10/08/2017, End Date: 21/082017) Please check Own-self using above mentioned date. Rest plotted on chart. DIVISLAB-Fut: LTP @ 630.5, LOT Size: 800 Best Buy: Below @ 625 Aggressive Trader LTP +/- ...

rahulundefined rahulundefined JUSTDIAL, W, Long
JUSTDIAL: Just Dial: Buy @ CMP 365.50, SL 310, Target 400, 527, 618....
37 0 2
JUSTDIAL, W Long
Just Dial: Buy @ CMP 365.50, SL 310, Target 400, 527, 618....

Just dial is a classic case of a developing major trend reversal. There is no clear traditional evidence of reversal on longer frame charts but on the weekly basis, it's showing clear signs of reversal. Since all this is happening near to the previous bottom, this weekly reversal becomes more significant. This is a medium term aggressive trade but with the ...

NeeteshJain NeeteshJain PRO HDFCBANK, D, Short
HDFCBANK: HDFCBANK - Trending Down
358 4 15
HDFCBANK, D Short
HDFCBANK - Trending Down

It is been observed on the daily chart that the price action is forming lower highs and lower lows from Higher Highs and Higher lows, indicating a change in trend. It is further dip down and next support levels. Target 1- 1725 Target 2- 1700 SL - 1775

DSKF16 DSKF16 ADANIENT, 240, Long
ADANIENT: ADANIENT: Nearing Festive season, Good for Q3 result.
335 9 15
ADANIENT, 240 Long
ADANIENT: Nearing Festive season, Good for Q3 result.

Bullish Candle pattern, Morning DOJI STAR. ICHIMOKU: TimkenSen Line U-Turned. Rest plotted on Chart. Go LONG: 35% at +/- 1% of LTP. Best LONG: @ Below @ 110.60 (30% of Investment) More : @ 108.30 - @ 107.30 (35% of Investment) SL: @ 105.5- (By Closing) Trailing Stop Loss: @ 101- More Updates & Intraday / Swing Trade Snapshot updated later. Don't forget to ...

ParamjitMahapatro ParamjitMahapatro INDUSINDBK, D, Long
INDUSINDBK: indusind bank looks bullish in short to medium term.
85 0 10
INDUSINDBK, D Long
indusind bank looks bullish in short to medium term.

In longer time frame it is in strong uptrend. In daily, hammer formed near ascending channel support. with a sl below the channel support, one may aim for previous swing high, then channel resistance.

NeeteshJain NeeteshJain PRO CUMMINSIND, D, Short
CUMMINSIND: Cummins India - Breaks Crucial Support Zone
398 3 14
CUMMINSIND, D Short
Cummins India - Breaks Crucial Support Zone

It is been observed on the daily chart that the price action breaks below the important and crucial support zone indicating further weakness in the stock. Now, if it closes below 880 levels today then It shall now further dip down from current levels. Target 1: 860 SL: 900

ParamjitMahapatro ParamjitMahapatro COALINDIA, W, Long
COALINDIA: coal ind should bounce
99 0 5
COALINDIA, W Long
coal ind should bounce

in weekly, hammer formed at horizontal support. in daily, regular bullish divergence seen. https://in.tradingview.com/x/bZfzoawb/ sl - 235, tgt - 280

amankavi amankavi ALBK, D, Long
ALBK: ALB bank : Morning star formation likely
50 0 4
ALBK, D Long
ALB bank : Morning star formation likely

Scrip can rebound owing to fine YoY Q1 results after going down below support levels and falling below 200-SMA forming morning star pattern however,confirmation is yet needed One can aim for resistance level 1 and beyond if it goes around entry range wherein, the close of last candlestick should show above the preceding candlesticks real body %william upward ...

amankavi amankavi DHFL, D, Long
DHFL: Dhfl - Double bottom and rising wedge breakdown REVERSAL ?
122 1 6
DHFL, D Long
Dhfl - Double bottom and rising wedge breakdown REVERSAL ?

Scrip has shown some sign of reversal with green candlestick engulf at the downtrend although the real body of green candlestick closed at below of preceeding candlestick so will wait for further confirmation before entering at entry range defined in chart towards resistance levels

amankavi amankavi AXISBANK, 15,
AXISBANK: Axis : Can reversal save it from crucial support levels..
60 0 4
AXISBANK, 15
Axis : Can reversal save it from crucial support levels..

The scrip is nearing 52 week low levels however scrip can take reversal now if bullish momentum is gained owing to : 1) Reversal with good volume buying at support levels after continuous bearish trend 2) %william showing uptrend (surge usually results in pullback at top levels so wait for the confirmation at entry range) 3) On day charts, Bullish spinning bottom ...

eamite eamite EURUSD, 60, Short
EURUSD: Go short for few pips
36 0 1
EURUSD, 60 Short
Go short for few pips

1. Double top formation in progress 2. Good follow through bar -----GO short at 1.8690 or 1.8680 3. Take partial profit at nearest support level which is 1.8375 4 . Place SL at 1.8920 5. Risk to reward is 150 to nearly 300

raj3elite raj3elite PRO IBULHSGFIN, D, Short
IBULHSGFIN: Dark Cloud Cover on IBULHSGFIN
123 3 6
IBULHSGFIN, D Short
Dark Cloud Cover on IBULHSGFIN

Dark Cloud Cover candle on IBULHSGFIN and sign for bearish. Trade: Short - 1188 Target - 1160 Stop loss - 1205

atin28 atin28 HINDALCO, D, Short
HINDALCO: Trend reversal candle Doji on top
132 1 2
HINDALCO, D Short
Trend reversal candle Doji on top

Hindalco Outlook: Hindalco trading almost near life time high where we can see a doji and doji star formation with a confirmation candle, Doji and doji star are completely a reversal signal for short period of time and volume also decline for past two weeks (low demand on top). If stock open on Monday near Friday close or below and able to break 213.25, this ...

ParamjitMahapatro ParamjitMahapatro BALKRISIND, D, Long
BALKRISIND: balkrishna ind looks bullish in short to medium term
140 5 11
BALKRISIND, D Long
balkrishna ind looks bullish in short to medium term

in weekly it is in strong uptrend, in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here. sl - 1573, 1st tgt - 1732, tgt2 - 1800

ravihls ravihls PRO SBIN, D,
SBIN: Candle Stick Trading - SBIN - DOJI on TOP
158 2 7
SBIN, D
Candle Stick Trading - SBIN - DOJI on TOP

Explained in Charts NSE:SBIN Disclaimer : it not a recommendation - Purely my own analysis CHEERS

DSKF16 DSKF16 ADANIPOWER, D, Long
ADANIPOWER: ADANIPOWER: Multibagger for coming day's
183 0 6
ADANIPOWER, D Long
ADANIPOWER: Multibagger for coming day's

Candle pattern: Morning DOJI Star. Bouncing from Strong Support Level (Zone) Indicators: Bouncing from OverSOLD Region. LONG @ 28.90 to @ 27.70 Swing trade levels Plotted on Chart. ST_TP (Short Term Target Price): plotted on Chart. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. LIKE / Comment /Share, If useful & enriched your ...

atin28 atin28 HDIL, D, Long
HDIL: Risky Buy can be done on HDIL above 62 level
102 0 0
HDIL, D Long
Risky Buy can be done on HDIL above 62 level

A Doji formation can be seen on HDIL daily chart and stock is currently trading at more than 2 year low a possible reversal can be happens so a risky buy can be done for short term above 62 level with Target- 68/74 with stop 56-58 area. Its risky because its not a clear hammer formations neither volume support at this level. wait for close above 62 than go for ...

DSKF16 DSKF16 BIOCON, D, Long
BIOCON: BIOCON: Grab opportunity to "GAP fill up Principle"
198 1 6
BIOCON, D Long
BIOCON: Grab opportunity to "GAP fill up Principle"

BIOCON: Grab opportunity to "GAP fill up Principle" All mentioned on chart. GO Long: @ 336 (LTP) at least 40% (at 11.10 am) More accumulate @ 330- @ 327 Swing target: @ 338.9, @ 340, @ 341.7 - @ 343 (HZ), @ 346.2+ SL: Below 319.5 (by Closing) More updates Later. FnO strategy on Query. Disclaimer: Only For STUDY. For Taking Trade Decision Consult ...

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