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Candlestick Analysis

Prajindustries All set for a breakout? ✅Bullish Engulfing from support levels. ✅Good Volume ✅Dry volume when pulling back. ✅Trading above Key DMAs. ❗️Positional SL is very deep(20%)- Adjust SL as per your appetite and position sizing technique. Position sizing is very important if you are building positions. Aggressive trader's SL after the breakout is 761 closing basis. The view is personal. Please do your due diligence before trading. This is not a buy-sell recommendation. We missed the ideal entry when the stock broke out of the trendline area ( 718-19 range) -Market Cap₹ 14,798 Cr. -Current Price₹ 803 -Stock P/E 53.2 -ROCE29.3 % -ROE23.3 %
NSE:PRAJINDLong
by sagartharayil
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List. ✅Good pattern- Forming VCP, inverse H&S ✅Stock in an uptrend. ✅Resisted the overall market fall ✅Never fell below 50-200 DMAs while many stocks were trading well below that in this correction. ✅Volumes are picking up now. ✅3 White soldiers on DTF. This is a good positional long-term bet. Accumulate or pyramid in this. This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
NSE:NATIONALUMLong
by sagartharayil
Positional or Long-term Opportunity in Kotak BankGo Long @ 1893.7 for Targets of 1977.4, 2061.1, and 2228.5 with SL 1810 Reasons to go Long : 1. On the weekly timeframe stock gave Trendline breakout (marked with green color) & now it's taking support from it. 2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level. 3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.382 Fibonacci level.
NSE:KOTAKBANKLong
by Nimish_Ghagare
Kabra Extusion : Breakout Candidate#kabraextru #swingtrade #breakout #TWS #chartpatterns #trendingetup Kabraextru : Swing Trade >> TWS = Big Players Present >> VCP formation Visible >> Breakout Candidate >> Good Strength & Volumes >> Good Upside Potential Swing Traders can Lock Profit at 10% and keep trailing Note: In Current Market Scenario even best of Setup's can FAIL, Hence Trade only Good Setups with proper Risk Management & Position Sizing Disclaimer : This is not a Trade Recommendation, Charts Shared are for Learning & Study Purpose.
NSE:KABRAEXTRULong
by moneyfesttrading
1
Gold - Bookish example for Morning/Evening StarA typical example of Morning Star and Evening Star in the same chart. Its a good time to consolidate Gold Evening Star Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end The first day consists of a large white candle signifying a continued rise in prices. The second day consists of a smaller candle that shows a more modest increase in price. The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day Morning Star The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
TVC:GOLDEducation
by Ashiq996
Evening Star - A Typical ExampleEvening Star Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end The evening star pattern is considered to be a very strong indicator of future price declines. Its pattern forms over three days: The first day consists of a large white candle signifying a continued rise in prices. The second day consists of a smaller candle that shows a more modest increase in price. The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
NSE:PPLPHARMAEducation
by Ashiq996
6
Morning Star + Flag pattern - Trend ReversalMorning Star - The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them. Flag Pattern - A sudden move in either direction followed by the price consolidates in a range following the sharp move, and the price then continues to move in the same direction after it breaks out of the range. Its visual resemblance to a flag and a pole
NSE:MBAPLEducation
by Ashiq996
Easy 20% return with Piccadily Agro IndustriesBSE:PICCADIL looks perfectly poised to give a solid 20% return to investors with a short term horizon. Technicals: When we see the candlestick chart on a daily basis, it is trading at 750 which lies in between its nearest support at 700 and nearest resistance of 780. The MACD indicator points in the direction of an uprise with a healthy positive value. Fundamentals: BSE:PICCADIL is a very fundamentally strong stock. It has high ROCE and ROE of 29.6% and 30.6% respectively. BSE:PICCADIL QoQ sales have increased by 62% and QoQ profits have increased by 121%. This shows it has got healthy growth going forward. Also its revenue mix is starting to be dominated by the distillery segment over its sugar segment. This showcases BSE:PICCADIL has diversified in the right direction, in turn unlocking more value for its shareholders. Trade Setup: Buy BSE:PICCADIL when it hits 780, place a stop loss at 720 and a sell order at 960.
BSE:PICCADILLong
by Aryan_Devaiah