Index is forming the Bearish Bat pattern and last 2 bars has formed bearish Harami pattern suggesting a potential shift from prevailing bullish trend. One can attempt a short trade here if it trades below 26650 on Monday by providing suitable SL. One can also develop suitable option strategies as the options of every strike are available and active.
Disclaimer :...
Today there were at least three bearish candle patterns that I could see.
Nifty is on the way down. There could be some volatility due to expiry but the path forward is down.
NSE:ONGC has printed a bearish pinbar around its resistance of 175 and also 50DEMA crossed 200DEMA
so double confirmation that price is likely to so south...
Trade with strict stoploss of 180..... i will look to short in future tmorrow and will update here
Conservative investors could wait for the inside candle to cross 3725. More adventurous investors could straight away go long. I have gone long. The 3 line Break and Renko on the 30 minutes chart are also looking good.
SL below 3630 Immediate Targets around 300+ points from present price to about 40000. Cement is quite volatile so a trailing SL is a sensible...
JUSTDIAL has extraordinarily beaten expectations with 20% rise in current trading session on volumes close to 5.30% of its average traded volumes. Above Ichimoku Kumo cloud, BB, TCFL, TCBM signalling a huge buying interest in the stock. Buy at 609 with SL of 580 and Target of 739. ----OR---- Buy little quantity at 609 and wait for stock to correct to 580 and buy...
After falling from 435 levels, Ujjivan Financial Services NSE:UJJIVAN witnessed good buying activity today.
I can see that the stock has reversed after retracing 61.8% of its previous upmove, forming a Bullish Engulfing candle today.
Good opportunity to go long here with stop loss near today's lows for a target in the 408-420 zones.
Disclaimer: Views...
Morning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under
Entry 276
SL 262
Target 311
RR Ratio...
Tomorrow on NSE:NIFTY , if a red bearish bar appears, then it will be a three black crow pattern which will confirm long bearish phase!
However if a big green bar emerged from day's opening price, it will be a Three line Strike pattern, which is a highly bullish pattern with 84% accuracy rate! See also my other posting in link below.
I had posted an idea earlier about Escorts NSE:ESCORTS on May 8 when it was trading at 989 wherein the target of 911 was mentioned.
(Well, as we can see that target was achieved long back !)
Now looks like the stock has completed a countertrend move on the upside and is ready to fall again.
I can see that it faced a strong rejection at 50% retracement of the...
Titan NSE:TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909.
After a small retracement for 4 days, looks like the downtrend has resumed today.
Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure.
To me it looks...
sunpharma has been travelling inside channel for long time and has been in downtrend currently the market is in a major support level (red line) 465 levels it formed bearish engulfing on daily charts if it breaks we can expect a downward movement upto 340 levels
Currently price is at multiple support. Action/Reaction set is also suggesting a reversal at this level. RSI is coming out of Oversold Zone. It has formed a reversal Matching low candlestick yesterday. All these are suggesting to buy the stock at current level and expect minimum target of 280.
Disclaimer : All ideas and comments are my personnel view. Please take...
The stock is in downtrend but it has made a 3LR pattern yesterday. One can use the today's dip to buy the stock for a short term target of 1100 by providing small stop loss of low of yesterday. it offers a good RR ratio of above 3.
Risk 20
Expected reward 65
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading...
Am keeping a close watch on AmbujaCem for a long entry
Daily Chart shows a Doji
Two consecutive green Heijken Aishi candles on 1 hr chart
3 Line Break and Renko showing green bricks on 30 min chart
Traded intraday long twice today -between 216.5 & 218.5 for about 3 points per lot (futures) which was a pretty neat profit with high Risk/Reward ratio
