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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.
premanandh premanandh SUNPHARMA, 1W, Short ,
SUNPHARMA: sell sunpharma
97 3 1
SUNPHARMA, 1W Short
sell sunpharma

sunpharma has been travelling inside channel for long time and has been in downtrend currently the market is in a major support level (red line) 465 levels it formed bearish engulfing on daily charts if it breaks we can expect a downward movement upto 340 levels

praveen.bhatiya praveen.bhatiya BPCL, 1D, Long ,
BPCL: Engulfing @ significant Zone
374 7 12
BPCL, 1D Long
Engulfing @ significant Zone

It seems that 374 level is strong demand zone. Parallel Channel, double bottom, RSI coming out of overbought zone and latest Engulfing bar suggesting a long trade with small stop loss. One can easily expect 2.5 times reward of risk being taken in this trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading ...

pratik2358 pratik2358 TATASTEEL, 1D, Long ,
TATASTEEL: INTRADAY trade setup tata steel
197 2 5
TATASTEEL, 1D Long
INTRADAY trade setup tata steel

will like to go ,long in tata steel from current levels keeping stop at 610 -611 range for upside of atleast 5 % lets see

pratik2358 pratik2358 NIFTY, 1D,
NIFTY: crucial NIFTY (spot) levels, may expiry
431 3 10
NIFTY, 1D
crucial NIFTY (spot) levels, may expiry

the above mentioned levels will act as a TWIST in tale .. the above level are not spontaneous but have a well informed analysis ,. ..

praveen.bhatiya praveen.bhatiya ASHOKLEY, 1D, Long ,
ASHOKLEY: Inverted 3LR Pattern/RSI
240 8 7
ASHOKLEY, 1D Long
Inverted 3LR Pattern/RSI

If the risk to reward ratio of 3 suits, one can consider shorting the stock at current level with the SL of recent high for a target of 150.50. Reasons 1. Inverted 3LR pattern 2. RSI coming below from overbought 3. Small risk Trade Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

pratik2358 pratik2358 TATAMOTORS, 1D,
TATAMOTORS: levels of Tata Motors  by #Pratik2358 for april month
483 4 15
TATAMOTORS, 1D
levels of Tata Motors by #Pratik2358 for april month

LEVELS GIVEN IN charts if it behaves .. great and good , if not .. would give me a lesson to improove myself!

praveen.bhatiya praveen.bhatiya COALINDIA, 1D, Long ,
COALINDIA: Action/Reaction Multiple Support/Candlestick Matching Low/RSI
144 0 9
COALINDIA, 1D Long
Action/Reaction Multiple Support/Candlestick Matching Low/RSI

Currently price is at multiple support. Action/Reaction set is also suggesting a reversal at this level. RSI is coming out of Oversold Zone. It has formed a reversal Matching low candlestick yesterday. All these are suggesting to buy the stock at current level and expect minimum target of 280. Disclaimer : All ideas and comments are my personnel view. Please take ...

praveen.bhatiya praveen.bhatiya SIEMENS, 1D, Long ,
SIEMENS: Small risk 3LR Pattern/PF setup
72 0 4
SIEMENS, 1D Long
Small risk 3LR Pattern/PF setup

The stock is in downtrend but it has made a 3LR pattern yesterday. One can use the today's dip to buy the stock for a short term target of 1100 by providing small stop loss of low of yesterday. it offers a good RR ratio of above 3. Risk 20 Expected reward 65 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading ...

hirezia hirezia YESBANK, 1D, Long ,
YESBANK: Long YESBANK around 345 for trgt 365 sl 338...Positional Trade
163 0 5
YESBANK, 1D Long
Long YESBANK around 345 for trgt 365 sl 338...Positional Trade

NSE:YESBANK has printed a bullish pinbar near its support of 342 ....it is a positional buy (1-2 weeks) for trgt of 365 with stoploss 338

pratik2358 pratik2358 YESBANK, 1D, Long ,
YESBANK: buy and forget for a week
552 7 16
YESBANK, 1D Long
buy and forget for a week

yesbank on daily chart had formed an inverse H&S , acc to me the stock must test levels of 343 in a good case scenario !

premanandh premanandh CIPLA, 1D, Short ,
CIPLA: sell cipla
59 0 1
CIPLA, 1D Short
sell cipla

on daily charts cipla is forming ascending triangle and currently the market price is at major resistance level which is in confluence with the base of triangle yesterday 2-5-18 it formed shooting star indicating a trend reversal and today (3-5-18 ) it is forming an engulfing pattern indicating a strong trend reversal RSI has touched oversold levels and returning ...

nano6yogesh nano6yogesh TITAN, 1D, Short ,
TITAN: Titan - Downtrend resumes ?
10 0 0
TITAN, 1D Short
Titan - Downtrend resumes ?

Titan NSE:TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909. After a small retracement for 4 days, looks like the downtrend has resumed today. Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure. To me it looks like ...

fcsa fcsa AMBUJACEM, 30, Long ,
AMBUJACEM: Ambuja Cements - Recovery signals?
55 0 0
AMBUJACEM, 30 Long
Ambuja Cements - Recovery signals?

Am keeping a close watch on AmbujaCem for a long entry Daily Chart shows a Doji Two consecutive green Heijken Aishi candles on 1 hr chart 3 Line Break and Renko showing green bricks on 30 min chart Traded intraday long twice today -between 216.5 & 218.5 for about 3 points per lot (futures) which was a pretty neat profit with high Risk/Reward ratio

hirezia hirezia HINDPETRO, 1D, Short ,
HINDPETRO: short HINDPETRO around 322 with sl 332 trgt 295
42 0 0
HINDPETRO, 1D Short
short HINDPETRO around 322 with sl 332 trgt 295

NSE:HINDPETRO has printed a bearish pinbar in its resistance zone......i will look to short around 322 tomorrow..

aditech111 aditech111 STAR, 1D, Long ,
STAR: Strides Shasun Ltd - STAR
59 0 0
STAR, 1D Long
Strides Shasun Ltd - STAR

Bottoming out, Multiple Divergence, Highly Oversold, Now No more positions are being built up according to chart. Short covering expected.

aditech111 aditech111 STAR, 1D,
STAR: Strides Shasun Ltd - STAR
31 0 0
STAR, 1D
Strides Shasun Ltd - STAR

Bottoming out, Multiple Divergence, Highly Oversold, Now No more positions are being built up according to chart. Short covering expected.

manuagarwal21 manuagarwal21 RAIN, 1M,
RAIN: RAIN INDUSTRIES LTD - Currently in Pullback Phase.
238 0 0
RAIN, 1M
RAIN INDUSTRIES LTD - Currently in Pullback Phase.

Rain Industries was struggling near 400 levels from past four(4) months. and forming Spinning Long Range Candles, signalling supply pressure near those levels. Hence some decline was then seen in the stock, forming long bearish Candles. Stock might correct more , however there are no much sign of weakness on the charts. Price action should be observed near 300 ...

fcsa fcsa FEDERALBNK, 30, Long ,
FEDERALBNK: AmbujaCem, FedBank, Biocon, JubFood - recovery possible
116 0 0
FEDERALBNK, 30 Long
AmbujaCem, FedBank, Biocon, JubFood - recovery possible

I'm keeping a close watch on these counters. I think they are headed up. Already did a quick BTST on Biocon and closed for a small profit. Being Friday, shall engage with caution. However, I will keep checking for opportunity here.

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