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...
Daily Chart Positional Levels Bank Nifty Cmp 39546 dated 23-9-2022 1. Double Top @ 41850 Sell below 39400 for target 39300-38900-38500- 38000-37300 SL 40500 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 means...
Sunpharma on the weekly time frame has given a nice bullish engulfing candle and a nice 6% return this week. The market has given a negative return but this stock has remained in green. There is possibility of another up move in the coming week and the stock may form new 52 week high. It is following the market movement. It has broken the resistance level of...
As we can see NIFTY broke down its neckline of supposed head and shoulders pattern and looks like it is ready for a bigger fall, we can see next support being around 17166 which could show us a potential reversal but if nifty fails to take support at that level we might see nifty falling further till 16800 levels so keep watching everyone
Formed EVENING STAR, BEARISH ENGULFING & DOUBLE TOP PATTERN IN WEEKLY TIME FRAME EVENING STAR PATTERN low was breached on 29 Aug but not taken out on WCB & then high was breached on 13 Sept - 15 Sept continuously but not taken out on WCB, ended up in BEARISH ENGULFING PATTERN along with DOUBLE TOP. Now finally both the patterns have been validated with lows been...
GRANULES | Channel breakout ahead - Looks potential for 30% CMP : 323 SL : 300 Target : 425 1:4 risk reward setup
hello friends as you can see that now daily time frame breakout from resistance and making evening doji star with good volume that means market will be go down site this stock for weekly not for intraday so please like and comment share with your friends thank you.
TIMETECHNO | Trendline + Channel + 200 EMA support - Trying to capture a 20% reversal CMP : 107 SL : 100 Target : 130 1:3+ risk reward setup
On daily chart banknifty looks weak as it formed shooting Star pattern with negative divergence. Details of SL , low of second candle and 1:1 target mentioned in the chart. We can short when it breaks low of second candle. Just remember it's on daily chart it will take time. One candle per day.
Hindustan uniliver Ltd. H4 Time-frame Shooting Star at 2723.75 Low of second candle 2674.65 1:1 Target 2625.55 #shortsell
ABFRL Cmp 335 dated 23-9-2022 1. Bearing Engulfing Candlestick @ top of the chart. 2. RSI had already breakdown Sell below 333 for target 323-310-300-290-275 SL 250 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...
1. Price has retraced on falling volumes. 2. The small body candle formed at the end of retracement has its low at exactly the same level as a previous BO candle low (watch green color support line) 3. The next small body candle has a higher closer and at a higher volume. 4. Also the change of inclination of ROC(9) on (close) and ROC (3) on (Hull MA (Close10))...
5th jul close and 6th jul open are same this is tweezer top
Dear friends, The impact of the war is concealed by FIIs and DIIs and High net worth Individuals. First time they are in panic, but they are creating a huge and different picture. They are very smartly using people short memories and taking advantages. They wanted to people should forget the consequences of the war. Then only they can able to sell their...