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Candlestick Analysis

FINPIPE - Bullish Consolidation with Volumes NSE: FINPIPE 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 13% 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:FINPIPELong
by BrahmaBull31
BANDHAN BANK - Bullish Momentum with VolumesNSE: BANDHANBNK is closing with a bullish momentum 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 8% to 14% 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:BANDHANBNKLong
by BrahmaBull31
Time to Sell_ RelianceNamaste! Any stock can not sustain it's bullish behaviour, without a correction. Reliance has to correct, before going up again. It is the proved nature of markets. Why selling any stock is a good idea. 1. To buy it back at a lower prices, 2. To full-fill urgent needs of money, 3. To let the weak hands enjoy the euphoria and not to stay in the markets when there is an extreme optimism. So, I am suggesting a logical price to book profits in Reliance. The price would be Rs 3100. Why? Look, the people who would have bought at around Rs 1100, will be getting around 2.9 times of there investment amount. Hence, they will be booking profits, resulting in a correction. Okay, I will be sell it at the above price, but what if I want to buy it again. A: You have to wait for greater than 15% correction from All time highs, before buying it again. Because, In India, LTCG is around 10%, so you have to get the stock back at 15% or more correction, to compensate for your extra efforts. Disclaimer: The analysis I have shared is based on my understanding of the markets. Please do your due-diligence and you are solely responsible for your decisions.
NSE:RELIANCEShort
by UnknownUnicorn7637383
3
We still have 3 more days to go to decide the trend We did see some strong downfall as analysed in our previos analysis with proper reason that the trendline has been tested multiple times and any break could show good fall and we did see that. Now despite the fall NIFTY managed to close itself above the trendline acting as a support hence unless NIFTY closes below the trendline this week, we cannot be sure of any directional trend, till then NIFTY could remain sideways to volatile so plan your trades accordingly
NSE:NIFTY
by Wealthcam
Nifty intraday trading levels for 02/01/24.Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema. RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels. Intraday targets for bearish move :- 21585, 21530 If there is a flat opening and market starts trading below today's low these targets can be achieved. On the higher side, trades should be initiated above the resistance zone of 21820 with a proper Risk Reward ratio. Watch for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
REDTAPE - Bullish Momentum with VolumesNSE: REDTAPE is closing with a bullish momentum 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 8% to 14% 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:REDTAPELong
by BrahmaBull31
GHCL - Bullish Consolidation Breakout with VolumesNSE: GHCL is closing with a bullish consolidation breakout 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 8% to 13% 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:GHCLLong
by BrahmaBull31
NEW YEAR! NEW DIRECTION coming up..?As we can see NIFTY has finally taken support at lower trendline and also broke out of a upper trendline indicating further upmove but this up coming week could be very deciding as this week could potentially define direction for coming weeks as if NIFTY closes above the trendline this week then we can see a further continuation in uptrend else if fails to sustain and closes below the trendline making a wick at higher levels on weekly time frame then we may see a new trend which is downtrend in coming days so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
1st January Intraday Strategy for TATA MOTOR Overall this stock is Bullish Mode. It creating all time high. For Intraday - 30 min chart - After a good rally it create a bearish candle at30 December. 15 min chart - Resistance at 800. Price is under the VWAP and can't cross or break 785.85 Intraday Support :769.10 If market open at side base you can wait for a support at 769.10 and find any bullish signal for buy. If market open at below 769.10 then we will find a resistance at 769.10 . Also price should be trade minimum 15-30 minute between 770-764 .Then you can take a short position at 764 wth Stop loss of 771. Ask me anything on chart. Thanks Kaustav Hazra
NSE:TATAMOTORS
by KaustavHazra