Candlestick Analysis

Totka used in Idea is called Reverse Fibonacci Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320 Note - Going above 11320 ( Sell call is negated - close all sell positions & out) Trading Strategy Plan A - Sell below 11265 on closing...

KOTAKBANK KOTAK MAHINDRA BANK HAS FORMED BULLISH ENGULFING PATTERN AND ALSO BANKNIFTY GOING UP TREND, I CAN SAY THAT TOMMORROW OR APPROX WITHIN 3 DAYS KOTAK BANK WILL SHOW BULLS IN MARKET.

Breakout above green trendline with the retesting possible till red trend line. Can buy above green line if it shows good green candle. Else buy at time it takes support at red trendline.

Buying on shakeouts, When the stock goes down on low volume it means weaker buyers exiting, Watch the stock and notice how quickly turns around comes right back up. In this case it took credit access exactly one minute to move from 576( days low ) to 590. This means when the retailer/weaker buyers had moved out, institutes added more. I bought more on when it...

Pvr gave bearish signal on daily and now facing strong resistance on hr ly too. we can look for the short setup with stop loss of above on resistance and take profit on next support.

Walking in channel.. Doesnt look strong looking at candles.. recent bull run has doji and small bull candles...

Solid red candle with open high with no pullback at all.. good for short for short term trend line target

TITAN has breached resistance and expected to touch 1159 to 1175 targets. Previous resistance expected to act as support. RSI is trading above 70 which shows momentum and bias towards buying strength. View negated below 1125 on hourly closing basis. Kindly do your own research before taking trading decision.

Glenmark Pharmaceuticals (weekly) staying above 395 level, it will give good breakout. A journey toward 500 level.

Lupin Pharma (daily) cup and handle breakout. Good volume as well.

Hemraj Prajapat Trade Plans: Sell Below 250.8 with the Stop Loss of 253.9

Kotak Mahindra Bank (kotakbank) staying below 1440 - level weak. It will touch 1400-1350 level. #Breakout #Breakdown

1.bearish retracement 2.tweezeers top 3.diagonal resistance 4. resistance

1.pin at 21 EMA 2. strong resistance 3.good r:r

1.spinning top 2.good risk reward 3. rsi divergence

Nifty on a long term scene...looks bullish as there are long lower wicks in lower band...multiple hammers

NTPC

Hi Traders, Britannia forming Morning star Pattern at major support with good Volume. Bullish View on stock due to below point: 1) Britannia has taken support at major support (22250-2400) ,which was major consolidation / support zone in Jan -Feb 2018 times. See chart for more detail. 2) It has form reversal pattern of morning star candlestick pattern with...