The last two candles form roughly a bullish harami type of pattern, but it's not exact - because last candle's body is not completely within the previous candle's body. But, as you can see RSI and Stochastics have turned bullish as well, so it probably is a bullish harami pattern.
all the parameters on daily and sweekly shsowing good amount of weakness in this chart, so chances of kgoing down to 8 6 and 83 is more on this chart
RBL bank needs big muscle power to cross 488, if it crossed successfully it may resume its original trend
NSE:ZEEL has printed a bearish pinbar around its resistance of 590......i will look to short around 590 for trget of 550 with stop loss 600
NSE:ONGC has printed a bullish pinbar around its support of 175.....i will look to go long around 177 for target of 184 with stop loss of 173..
Biocon seems to be under accumulation above 50 DMA today as volumes of 3M are above avg volumes of 2.3M. Can be bought with a stop loss @ 597.
Please check chart for details... NB:For educational purpose only. Kindly consult your financial adviser before taking any trading decisions
See the hammer on chart Also note Stochastic K line almost crossing D line Watch price action for few days Looks like a weak flag pattern too - vertical line + rectangle
'Nifty index opened Gap down breaching previous Lows of 10077 and made new low 10049 in near psychological 10000 support area, sustained buying pressure from lows near about 100 point rally up to 10155 recovers Bulls in Action and tried to stand still against bears positively. Bears Tried to drag down Bulls in last Session but Bulls managed to Hold the Fight...
NSE:COALINDIA printed a bearish pin bar around its resistance of 272 ,so i will go short tomorrow for the target of 260-262 with stop loss of 274
NSE:CIPLA printed a very nice bullish pinbar and closed around its support of 550.. i will go long tomorrow around 550 with stop loss 540 target 575
NSE:M_M printed Bearish Pinbar Around 742 ...which is now acting as a turning point ...my bias is negative (as i can see 2 bearsih pinbars back to back)... i will go short around 742-745 with stop loss of 752-755 for first target of 720...
This study doesn't consider gaps. For observation of price movement.
INDIGO after a steady consolidation in the triangle has given a breakout and is retesting the erstwhile resistance line. This can be a good long opportunity from a medium term perspective for a target of 1400 with a stop below 1240
"Three Stars in the South" is one of the most reliable bullish reversal pattern but it does not form very often. Identification criteria is as under. The market is in a downtrend; The first candle is black with a long real body, long lower shadow, and no upper shadow; The second candle is black with a shorter real body and a higher low than the first...
NSE:INFY is unable to close above 1190 and facing resistance....today also it has printed a bearish pinbar....i will look to short tomorrow..around 1185-1190 with stop loss of 1200 for immidiate target of 1150.
Hammer formation at support area. Most likely upward movement starts from here.
NSE:BALRAMCHIN has printed a Nice bullish pinbar around 80. i will go long around 84 tomorrow.....Contra Trend trade...High risk trade ...play with a very light position