Candlestick Analysis
POLYMED, Hanging Man candlestick pattern formed on the Daily tfAfter a strong uptrend of 37%, now the price has formed a bearish pattern of Hanging Man near the swing high. But we need a confirmation candle to decide our trading levels.
The EMA bands are also indicating for a trend reversal.
Thanks
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
HCLTECH, Stock of the WeekAfter a strong hammer candle from the low, the price has formed a three soldiers pattern.
Also the price has given the breakout of the LTMA band.
CMP:1,431.50
R1-1,531.45
S1-1,350.90
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Long_Heritage FoodsCurrently Heritage Foods given Breakout @ Previous levels with Bullish candle confirmation
Go long in Next candle open and Don't Exit the Trade for next 5 yrs.
Fundamentals:- CBN, New CM of Andhra Pradesh and there family is having huge stake in this company.
Happy Trading!!! Only for educational purpose.
ATH_Bharthi AirtelCurrently Bharthi Airtel Showing good upside possibility with technical confirmation.
Go long in Cash market and Wait for opportunity to trade in F&O with daily timeframe confirmation.
Stoploss Previous candle Low or Market structure in weekly Timeframe once price moves to favour.
Happy Trading!!!Only for educational Purpose.
Wipro @ SupportCurrently Wipro is showing Good possibility upside of 25 - 30% upside.
Bullish candle confirmation at Support along with Natural barrier 200 EMA.
Go long in Equity in next candle 🕯️ Open and wait for Entry in daily Timeframe to get opportunity in F&O.
Happy Trading!! Only for Educational Purpose.
S&R_Ramco Cements
Currently Ramco Cements trading @ Support, Having Upside possibility with 24% till Rs.1041.
Go long in Cash Market and wait for pullback to Give entry in daily timeframe for F&O.
Exit the trade when price closes below previous candle Low or Stoploss level.
Happy Trading!! Only for educational purpose.
Will the CINDRELLA run continue..?As we can see NIFTY managed to recover despite NDA’s weak winning which shows WIN itself is a major determinant of how economy and market would perform hence as long as NDA government is in power, market is expected to remain stable with bullish outlook.
Now NIFTY can be also seen closing inside the structure and hence can be expected a full short covering in few trading sessions so plan your trades accordingly.
A possible TRAP coming up like previous one..?As we can see NIFTY rallied and opened very strong as analysed in our previous post. Also it got rejected from our exact TRENDLINE resistance. Since this rally is more like influenced by the ongoing election results and not from fundamental improvement hence it is expected to last short. We can expect another upmove which could be a possible trap which NIFTY created previously above the structure. Hence we must trade cautiously in coming days.






















