Candlestick Analysis
Balmer Lawrie cmp 224.11 by Daily Chart viewBalmer Lawrie cmp 224.11 by Daily Chart view
- Support Zone 203 to 215 Price Band
- Resistance Zone 203 to 215 Price Band
- Multiple Bullish Rounding Bottoms around Support Zone
- Both Falling Resistance Trendlines Breakout seems sustained
- Heavy Volumes surge on Friday post close sync with avg traded qty
- Upwards Price momentum has well respected the Rising Support Trendline
- [ b]*Inside Bar made on Friday closure, indicates observing caution either a Breakout or Breakdown*
Positional or Long Term Opportunity in Minda CorpGo Long @ 500.55 for Targets of 539.1, 577.65, and 616.2 with SL 462
Reasons to go Long :
1. On Weekly timeframe If we draw Fibonacci retracement from the recent swing low (A) to the swing high (B) then the stock took support from the 0.5 Fibonacci level.
2. In addition to this, the stock formed a Bullish Engulfing Pattern (marked with a orange color) around 0.382 Fibonacci level.
3. Also there is a strong demand zone from which the stock took support.
L&T Finance Ltd.(LTF) This chart shows the daily price movement of L&T Finance Ltd. (NSE) from early 2024 to August 2025.
The stock is currently trading at ₹217.03, up +3.13% on the day with a volume of 9.45M.
The recent rally has pushed the price above a key resistance zone around ₹214–215, now acting as support (dotted green line).
A bullish breakout pattern is visible, with the drawn projection (blue arrow) suggesting possible continuation towards the ₹225–230 range in the near term.
The broader trend since March 2025 shows higher highs and higher lows, indicating strong upward momentum after a prolonged consolidation phase in 2024.
**** Not a BUY/ SELL Recommendation. Only for education purpose.
Has the time come for Pansari Developers?What we see is the beauty of the wave principle — a perfectly formed Impulse structure with #pansaridevelopers poised to move higher. However, a confirmation is still needed as the stock is relatively illiquid.
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
Gold trading range - 18 August 2025I have done a back testing of a Fibonacci - combined with swing calculation on a 15-30 min. Chart & on the basis of that I am making my first prediction on trading view as a publication. Tomorrow first we should see a downward move in the market. Till the levels marked in the chart. & then it should be a change in the swing. I will put an update once the swing shows a change.
SBIN looking bullish on the weekly charts. (18/08/2025)State Bank of India is trading around the resistance zone after convincingly breaking the trendline and taking support from the weekly moving averages.
The stock has closed at 826.55 this week gaining 2.77% week on week.
If the stock starts trading above 833, there are chance of it travelling till 860 levels in the coming month.
SBIN has posted good result as well.
Major resistance :- 833, 865
Entry :- Above 833
SL :- Below 818
The stock looks bullish on the daily and the weekly charts.
Wait for the stock to close above the resistance levels on the daily chart frame.
Gold form double top bearish pattern,Bearish Patterns Annotated:
Double Top: A classic bearish reversal pattern resembling an "M" shape. It occurs when price hits resistance twice at similar levels (here, approximately $3,437 and $3,448 in July and August) and fails to break higher. This signals potential exhaustion of buyers and a shift to sellers.
Evening Star: A three-candle bearish reversal pattern marked near the recent high. It typically consists of a large green candle (up day), followed by a small-bodied candle (indecision), and then a large red candle closing below the midpoint of the first candle. This suggests bulls are losing control.
Engulf Candle (Bearish Engulfing): A red candle that completely "engulfs" the body of the prior green candle, indicating strong selling pressure overriding previous buying. It's marked near the top, reinforcing the reversal theme.
Opportunity: - As per chart it can short 3380-3350 with stop loss 3400 above for the targets of double bottom pattern 3260 and 3160.
BTC SHORTBTC is at ATH, now we can see some selling pressure. First indication is the strong red candle which was formed on 14th Aug. According to Price action it can test 108K and then and trend line which is in red coming from Nov 2022.
If we get a lower low formation in lower timeframe we can short below short and even if sl get hit can try to reenter.
I am confidant though.
Paradip Phosphates Ltd (NSE: PARADEEP)Paradip Phosphates Ltd has delivered a massive 180% return in recent months, rallying sharply from its previous lows. The price has now reached the critical 0.618 Fibonacci extension level at ₹218, where some profit booking may occur.
Key levels to watch:
• Resistance: 0.786 at ₹234.90, 0.886 at ₹244.93
• Support: 0.382 at ₹176.31, 0.5 at ₹158.53, 0.618 at ₹140.74
• The price may retrace towards the 20 EMA as momentum cools off.
• Strong recent earnings momentum (+464% EPS YoY), but caution is advised in the short term after such a steep rally.
Disclaimer: This post is for learning possible,Not an investment advice. Do your own research before making any trading decisions.
Trend Reversal Rejection Strategy | Higher High + Candle Confirm🔍 Idea Summary:
This strategy focuses on identifying trend reversal zones using classic Higher High (HH) and Lower Low (LL) structures followed by rejection confirmation candles.
🔻 Short Setup:
Price forms a Higher High.
Wait for a rejection candle (long wick, body closes inside previous range).
Confirm structure break and take short entry on confirmation.
✅ Example: On the left side of the chart, price printed a HH, followed by a strong rejection candle. That led to a clean move downward.
🔺 Long Setup:
Price forms a Lower Low.
Watch for a rejection candle near key support.
Enter long trade after confirmation.
✅ Example: Mid-chart shows price breaking to LL, then instantly rejecting with a strong bullish candle. Followed by a sustained move up.
🔴 Current Price Action:
Price is testing a potential new Higher High.
📌 Strategy suggests: Wait for a bearish rejection candle before shorting!
📈 Strategy Benefits:
Avoids impulsive entries
Combines structure with candle logic
Great for reversal traders and range scalpers
🔥 Like & follow for more real-time trading ideas!
💬 Drop your thoughts or questions below – let’s grow together, traders! 💪
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