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Candlestick Analysis

Q&A_ Is Dow Jones and global markets ready for a freefall?Namaste! US Markets substantially affect global market and their indices. There are two main indices which I track most often. DJI (Dow Jones) and SPX (S&P 500). I expect it to be in a downfall in the coming weeks/months. I follow a rule of thumb for a reversal (respecting support or resistance) is that it must close below low of the resistance testing candle within the next 3 candles. My understanding says, "there is a >60% probability of prices moving in the candles closing direction if the prices consolidate". Consolidation can happen near the resistance levels. So, it means there is a <40% probability of reversing (respecting resistance) if the prices consolidate. The logic is very simple. If the sellers were powerful enough, the price will fall quickly, whereas consolidation indicates their unwillingness to sell or more buying pressure than selling at the level. So, the 02 Nov candle closed below the level, hence the selling pressure is strong here meaning more probably price will fall. It is my opinion because I said this happens 60% of the time. This could be that 40% when I am wrong. Disclaimer: The above written article is based on my understanding and experience in the markets. Please do your own analysis and/or consult your financial advisor before investing or trading.
TVC:DJIShort
by UnknownUnicorn7637383
2
MOTHERSON - Bullish Consolidation Breakout with VolumesNSE: MOTHERSON 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 9% 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:MOTHERSONLong
by BrahmaBull31
INDIA SHELTER 📌SWING TRADE FOR NEXT WEEK🚀 Hello guys, I am a swing trader by passion i only trade on swing stocks. 📌I post daily SWING CHARTS analysis on my trading view profile.. so let's start 📌TRADE ANALYSIS OF India shelter :- •IPO base trade •Tightness' on daily candles •Volume Contractions 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:INDIASHLTRLong
by UnknownUnicorn31634885
SULA - Bullish Consolidation Breakout with VolumesNSE: SULA 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 12% 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:SULALong
by BrahmaBull31
DALBHARAT - Bullish Consolidation with VolumesNSE: DALBHARAT 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 8% to 11% 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:DALBHARATLong
by BrahmaBull31
LXCHEM - Bullish Consolidation with VolumesNSE: LXCHEM 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 8% to 11% 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:LXCHEMLong
by BrahmaBull31
LALPATHLAB - Bullish Swing Reversal with VolumesNSE: LALPATHLAB 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 8% to 11% 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:LALPATHLABLong
by BrahmaBull31
2
📈 **$IRCON Bulletin: Short-Term Alert! 🚀**🕯️ DOJI Setup Unveiled: Identify the characteristic DOJI pattern on the charts. 🔄 9 and 20 EMA Retest Completed: Confirm the retest of the 9 and 20 EMAs for added reliability. 🎯 Short-Term Long Position Opportunity: Position for potential gains in the short term. 🛑 Stop Loss: DOJI Candle's Low: Implement risk management with a stop loss at the low of the DOJI candle. 📈 Entry Trigger: Above DOJI Candle: Optimize your entry strategy by entering above the DOJI candle. Unlock the potential and ride the wave with $IRCON! 🌊💹 Guidelines: 🧐 Conduct Further Analysis: Supplement this bulletin with your own analysis for a comprehensive view. 📉 Monitor Price Action: Keep a close eye on price movements to confirm the setup. 🚨 Adapt to Market Conditions: Be flexible in your approach and adapt to evolving market dynamics.
NSE:IRCONLong
by ParthNanu