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Candlestick Analysis

SHANTIGEAR - Bullish Swing Reversal with VolumesNSE: SHANTIGEAR is closing with a bullish swing reversal 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 moving along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 17% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:SHANTIGEARLong
by BrahmaBull31
Nifty weekly analysis for 18/03/24. Nifty has given a 2% fall in a week and closed above 22k levels after testing 21900 levels. It consolidated around the higher level and gave a fall, there is a probability of it continuing the fall. If there is a gap down opening and a retest of the current support level of 21900, a bearish trade can be initiated after a negative price action around it. In case of a gap up, wait for a W pattern formation and enter only when the neck line is crossed and sustained. For last 2 trading session, nifty is forming an inside candle and is consolidating. The break out/down can give good movement. Major support levels :- 21900, 21780, 21580 Nifty is trading below the 20 ema (daily) and is sustaing below it. The consolidation range is between the horizontal support and 20 ema as a resistance. There is a break down of a trendline and the retest is also done in nifty which adds on for a confirmation on the bearish side. Resistance levels :- 22100, 22190 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
2
Banknifty weekly analysis for 18/038/24. A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as compare to nifty. It is respecting a trendline and has continously tested it. If markets breaches the levels and starts trading below the levels, a bearish move can be seen in the market upto the lower support levels. Major support levels :- 46300, 45940, 45750 The chances are high of market giving another red candle on the weekly charts. Wait for banknifty to start trading below the trendline. If there is a gap up opening and a higher high formation, let market confirm the bullish trend on hourly charts. For confirmation look for a price action. Major resistance levels :- 46680, 46950 Though, markets are unpredictable and is in a bearish trend, watch for it to cross and sustain 47200 levls to turn bullish. Else a day or two can be avoided for trading. Wait for the price action near the level before entering the markets.
NSE:BANKNIFTY
by Mambotrade
DELHIVERY - Bullish Consolidation with VolumesNSE: DELHIVERY is closing with a bullish consolidation 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 moving along the horizontal support for the past few days which is indicating demand. One can look for a 12% to 20% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:DELHIVERYLong
by BrahmaBull31
NIFTY is preparing itself for a directional move. As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT. We may expect a strong REVERSAL from our given levels so plan your trade accordingly based on the breach of levels either side.
NSE:NIFTY
by Wealthcam
Wipro showing bullish strength.Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a bullish trade can be entered with a target of 525 for intraday. Target levels :- 525, 533 Entry:- Above 520 If there is a gap up opening in the stock and it comes to retest the break out levels. A bullish trade can be entered after confirming the price action. Double break out will be there in the stock. Positional/swing trade can also be created, if the stock closed above the levels on the daily front. Wait for the price action near the levels before entering the market.
NSE:WIPRO
by Mambotrade
FinNifty intraday levels for weekly expiry 19/03/24.Today the markets where volatile in the first half and has consolidating in the second. Finnifty remained in a small range between 20610-680 after a good bullish candle aand closed almost flat on the daily charts. For last three trading sessions, market has been forming doji and are highly volatile. It is hitting the Stop losses and moving the direction afterwards. If there is a gap up opening above 20700, there will be a break out of the rejection levels and both the moving averages will also be cleared. It has not giving any good trending move in last expiries and chance of a trend move in this expiry can be seen. Major support levels :- 20600, 20470 The market is giving target or SL in a single candle and reversing after it. On the upside it can face rejection as there is a downtrend formation on the hourly charts. Resistance levels :- 20700, 20785, 20850 In case of a gap down opening, there will be confusion and trading in a volatile market will fetch losses. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
BLUEJET - Bullish Swing ReversalNSE: BLUEJET is closing with a bullish swing reversal 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 moving along the horizontal support for the past few days which is indicating demand. One can look for a 12% to 19% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BLUEJETLong
by BrahmaBull31