The market has formed a negative candle on the daily time frame. After a gap up opening, the market came for selling and has taken support from 20 ema during the closing hour of the trading session. The market is not for intraday trading as the market keeps on consolidating and giving move during the last hour. On 15 minute time frame, the candle crossed the 20...
NSE: RALLIS is closing with a strong bullish breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this...
Coromandel Intl Cmp 907 Live mkt trade 23-11-2022 11.40 am 1. Several times Reversed from Support line 885 2. RSI divergence (reversal) 3. Hammer Candle at Support & after a correction of 20 %. Buy @ Cmp for target 920-940-960-1000 SL 885 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above...
on 4 hour time frame it indicate bearish hold as it already broken previous support now wait for the target to achieve between 94-95.
As we can see BANKNIFTY had been in consolidation for quite a while after breachinh its all time high which could show a potential pause after a breakout making a FLAG POLE pattern which is also a sign of continuation of bull run but the next immediate resistance can be witnssed around 42600 so if market opens flat to gap up we might see a good rally tomorrow so...
Just as we had stated yesterday about the positive sentimental rally towards the level of 18500, similarly we could also observe a healthy closing in Nifty with a positive 84.25 points, yesterday. On a positive note, we can now observe a beautiful bullish harami formation on the day chart of Nifty, along with a Doji formation on the weekly chart (as of now) ....
Reoccurrence of Inside Bar CandleStick Pattern Big candle followed by consolidation (Inside Bar Pattern) & then BreakOut/BreakDown is the way this stock is moving. At present consolidation going on after a big candle (Inside Bar). Going by previous moves, it looks like stock is getting ready for another big candle move of 30_50% after breaking of Inside Bar /...
Indusind Bank has given a break out of the consolidation and crossed the 20 ema on the daily time frame. The stock has been in consolidation from october and gave a nice break out in the end of november. The stock can be traded once there is retest of the level and the stock can give nice up side targets. 3 points confirmation. 1. Break out of the...
Nifty on the daily time frame has formed an inside candle and a tweezer bottom type of pattern. The market has consolidated whole day and in the closing hour market gained some points closing around 18250 level. On the hourly time frame, the market has crossed the 20 ema and closed above it. Nifty, on 15 minute time frame, has closed above both the moving...
Banknifty on the daily time frame has formed a dragonfly doji and has closed gaining only 110 points. The market, on the hourly time frame, has tested the 20 ema and consolidated whole day near the level. Index is trading in a choppy manner and even on the smaller time frame, the market kept on testing the 20 ema. The market a jittery and a trending market can...
daily chart high volume to create marubozu candle, and escort is all-time high.........
A Gap down opening along with a few doji formations on yesterday's hourly chart, has been a clear indication of the indecisive mode of the Market. Wherein, we had clearly seen a beautiful rally in the PSU Banks, which has somehow proven being stock specific, as absolutely correct. So, altogether we are still with our words that with the support level of 17800...
Cipla Cmp 1104 dated 21-11-2022 1. Doji Candle @ Support 2. Will get activate above 1109 Buy above 1109 for target 1125-1135-1150-1165 SL 1090 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no...
There is a steep downtrend. After that a bullish engulfing pattern is formed exactly at Support level The support is actually a long term support. Previously every time price reaches there get a nice support and starts little consolidation. This time also it presents a reversal formation there. Trade: Buy above 580, SL: 560, T: 610 Sell below...
GNFC Cmp 576 dated 21-11-2022 1. Double Bottom 2. Bullish Engulfing Candle @ Support & After a correction of 25%. 3. RSI Reversal (RSI was in oversold zone) Buy @ CMP for target 600-650-700 SL 545 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose....
ORIENTELEC | Trendline breakout with good room to rally - Looks good for 40% CMP : 275 SL : 250 Target : 350, 390 1:3+ risk reward setup for 1st target (30%)
FINCABLES | Simple INHS breakout - Looks potential for 20% CMP : 424 SL : 390 Target : 510 1:3+ risk reward setup
The size of green candle in bullish engulfing pattern and the volumes clearly shows a uptrend. We look for around 10% gain in short term. Safe buyers can long if we see a confirmation candle today EOD.