Lambodhara Textile-stock turning sweet moment from 100 level and Recently it has made big fall. Now time for lambodhara to rise from support level. Long until 160 & wait for Breakout. Exit when it closes below previous market structure.
NSE: SUNPHARMA is closing with an bullish consolidation candle supported with high 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 and moving along the trendline which is indicating demand. One can look for a 8% to...
Shivalik Bimetal Controls Ltd (SBCL) PC-A = PC-B = PC C The Parallel Channel Broke Out on 1oth Aug 2022, PC-A This Break out lead to other two PCs, PC-B & PC-C, all three of three are SAME in width and Slope. #WonderOfPC The arrows in the chart showing the Support and Resistances where Candles respected the PCs, and showing the strength of it. The recent...
script broke its tight range tested the level with 1-2 candles above range looks tempting to go long based on resistance level breakout theory getting support of volume and also RSI disclaimer - trade @ own risk, stop and target based on risk appetite
purely based on trendline breakout one can go long on candle close above 278 keeping stop and target based on risk appetite disclaimer - trade @ own risk
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
Good Morning! So finally yesterday, James Bond saved the market with the positive closing of above 17000, i.e., approx 17 "007". Also, we got to witness a beautiful stock specific momentum, yesterday. However, it is being expected that Today there will be a fight between the bull and the bear. Where, 16940 and 17200 will be the crucial range for the new...
Nifty as predicted has consolidated whole day and closed almost flat. The markets are holding the level of 17000. Though, on the intraday basis the market broke the level but regained it quickly. Nifty has given a fake out below the 17000 levels. On 15 minute time frame, market took resistance from its 20 ema and closed just below the level. Support :-...
NSE: GESHIP is closing with an bullish engulfing candle supported with high 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 and moving along the trendline which is indicating demand. One can look for a 8% to 11%...
Good Morning! Yet another day of panic, where after a gap down opening yesterday, Nifty tried to take a support at 17000 with the beautiful attempt in the second half for 17200. But unfortunately failed in the last hour. Also a panic selling in across all the sectors was witnessed except in IT. Which is clearly indicating price correction. Moreover, against all...
Stock has witnessed selling pressure from the previous swing resistance on the daily chart and formed a Bearish reversal candlestick pattern which is know as Three Black Crows. Prices have also broken the rising trend line established from Jun'22 low of INR 618.25 which suggest that prices may face more weakness in the coming days.Hence any retracement from the...
PC-A = PC-B = PC-C All three Parallel Channels (PC) are just Same in width and slope! #WonderOfPC Except for a one point that PC-A & PC-B were playing the role of Resistance and bring down it to lower levels of 1800, while now PC-C is playing the role of Support and forming showing that script LALPATHLAB is bottoming out and being ready for Breakout. If the...
NIfty after touching the crucial level of 18000 has retraced back to the 17000 levels today. Market remain in red whole day. After the initial gap down 170 points the markets closed 300+ points lower. Nifty on the second consecutive day has fallen more than 1.5%. On the hourly time frame, the market remained in a broader range and consolidated in it. Nifty took...
NSE: ALKEM is closing with an inverted hammer candle supported with high 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 and moving along the trendline which is indicating demand. One can look for a 8% to 11% gain...
Hammer formation at 882.00. Second candle high 905.50 1:1 Target is 929 Time-frame H1
After the repetitive failed attempts from Nifty to cross over 18090, we are delighted that we could timely pre-update you on the 16th of September 2022 itself, to stay cautious for these 8-10 days. Well as of now, it is being expected that the Market can face a little panic during the 1st hour, today. However, it will be suggested to avoid participating in the...
Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal. Last, to last week we saw a dark cloud formation, now the following candle is a shooting star. It clearly shows the overall sentiment. Same thing you would observe if you see,...
Stock has formed a reversal candlestick pattern which is known as Evening Star on weekly time frame. Also there is a horizontal resistance which suggests that the trend developed from the bottom of 1274 is exhausted and stock is ready to turn from the current level. In the Evening Star Candlestick Pattern, the first candle closes bullish and the second candle...