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Candlestick Analysis

POWERGRID - very bearish after breaking out of double top DOUBLE TOP BREAKOUT - price of NSE:POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock MORNING STAR CANDLESTICK - price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock CROSSED BELOW 200D SMA - the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock. TARGET - the price will go till 301.9 level
NSE:POWERGRIDShort
by peace_lover
Bajaj Finance Weekly Swing Idea (Short)Bajaj Finance might retest the support & beyond. Here are the logic behind 1) Earlier attempt of breakout failed on weekly so bearish trend likely to continue 2) Trading BELOW 50 EMA & 20 EMA on weekly & BELOW 20,50 & 200 EMA on daily 3) Strong BEARISH ENGULFING CANDLE with sustained volume (Note: Author not responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:BAJFINANCEShort
by GauravPrasad_GP
Marine Electricals-Exhibiting good Price Action. Positional Pick ✅Successfully completed a breakout and retest. ✅Demonstrating strong resilience in a bearish market. ✅Forming an Inverse Head & Shoulders pattern. ✅Gaining momentum with increasing volume and price action. ❌ The market is in a profit-booking phase. ❌ Be cautious while entering new trades. Entry: 335.5 SL: 281- Day closing basis. Risk: 16.6% Reward: 31% RR: 1:1.8 Note: This chart is shared for educational purposes only. Please conduct your own research before making any decisions.
NSE:MARINELong
by sagartharayil
Rudrabhishek Enterp Ltd (REPL) Breakout with Huge Volume⚠️Risky Bet. 1. Early Entry above 264. SL 215. A retest of 240 levels is possible. Any signs of retest and reversal are an entry opportunity. Retest Level. 240 Or 2. Wait for a fresh breakout above 282 for an entry. SL Below the breakout candle. These are my views and my way of doing things. Please do your due diligence and research. Do not jump into a trade with a huge allocation based on Tips. Reasons to go Long: ✅Huge Volume 4x volume compared to previous sessions. ✅Wide Range clean candle ✅Broke out of Darvas Box ✅Trading right below a 3-year-old resistance. Hence the early entry. ✅Technically Good. ❗️Microcap/Small cap company. ❗️Fundamentally Weak.
NSE:REPLLong
by sagartharayil
GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern. You can use this opportunity because it has a very good risk to reward ratio. Entry: Long above ₹389.80 (the high of the bullish engulfing candle) Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern) Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Remember, trading involves risk. I can't guarantee that this trade will be successful. Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
NSE:GSPLLong
by piyushbafna000
Nifty analysis for 11/12/2024. Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market. Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend. The moving averages on the hourly charts are near to the trading price and it can move either way. Major support levels :- 24500, 24330, 24170 Resistance levels :- 246660, 24770 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum