REPCOHOME stock price action bounced from the strong support zone 735 ready for the target of 900+ stop loss below 710. viewers can find +ve RSI divergence.
1.Price has taken a support at 50 % retracement 2.Bullish engulfing candle near support level indicates possibility of upward move
Scrip can go for bearish reversal owing to formation of abandoned baby on top (day chart) and %william showing downtrend after sudden surge of uptrend INTRA-DAY Short (if formation of bearish engulfing appears next to reinforce the trend) at 127 towards TP = 125,122 (end of body of prior bullish candlestick)
All plotted on Chart. LONG: Inbetween @ 1404 to @ 1409. more Accumulation @ 1387- @ 1394 Intraday / Swing Target: @ 1422, @ 1425.4, @ 1430.9 - @ 1434.8 (TFZ / HZ #1), @ 1445+
Go long 1.Buy above .74400 2.Target is near resistance level of .74590 3.SL is low of bar next to pinbar candle which is .74350 4.Risk to reward is 50 to 190
1. Double top formation in progress 2. Good follow through bar -----GO short at 1.8690 or 1.8680 3. Take partial profit at nearest support level which is 1.8375 4 . Place SL at 1.8920 5. Risk to reward is 150 to nearly 300
Trade Summery of 02nd AUG 2017. OPEN = HIGH = 10136.3, (Below mentioned Strong level at 10141) Made LOW @ 10054.20, Mentioned PCL: @ 10052. Also Notice day candle. Show in Diagram #1 "Bear candle with Long Body". #2. LOW Middle of the BODY, (Candle formed on 31st July) What's NEXT for 03rd Aug 2017 ? after today's trade, Candle pattern formed "Bearish...
Dark Cloud Cover candle on IBULHSGFIN and sign for bearish. Trade: Short - 1188 Target - 1160 Stop loss - 1205
Hindalco Outlook: Hindalco trading almost near life time high where we can see a doji and doji star formation with a confirmation candle, Doji and doji star are completely a reversal signal for short period of time and volume also decline for past two weeks (low demand on top). If stock open on Monday near Friday close or below and able to break 213.25, this...
Scrip can show uptrend trend towards resistance from lower ascending trendline (support) Trade can be started post confirmation (entry range) as mentioned in chart aiming towards resistances and breakout from ascending channel Other factor supporting the reversal : 1) %william showing uptrend from oversold situation 2) Bullish (green) harami formation can be...
The scrip can be seen to rebound back from crucial levels by inverted hammer as it could have breakdown by bears taking control if gone below from rising wedge Chances of bullish reversal due to: 1) %william near oversold situation and showing upward trend 2) Good fundamentals and recent show of results - www.indiainfoline.com After breakout confirmation,...
Perfect AB II CD & AC II BD. also in length AB = CD (Approx) Pattern description with drawing on the chart. Due to -VE behavior of market, pattern may be extended to other forwarding pattern. Scnario #1 (bear side): Ext D = 1281.9 (plotted on Chart) Scnario #2 (bear side):Ext D = 1241.8 (plotted on Chart) Though my view in favor of LONG. WHY ? Look Candle...
Today market opened with a gap and faced resistance at 10048 but showed strength and held the first 15 min. low. It then broke out of the resistance, made a new high of 10061, retraced and gave a false beak out of the day's high. After that a tweezer top can be seen along with a bearish pattern which looked like a top for today. But market gave a false breakdown...
Scrip can rebound back due to : 1) %william showing uptrend from oversold situation 2) Morning star pattern in the formation (Green engulfing candlestick required to complete the formation) Trade can be started after it crosses 383 aiming towards resistance and neckline levels. Beyond neckline bullish surge and breakout could take it to target price =...
What Suggests Combination of RSI & W%R ??? where to Short & Cover plotted on Chart. Candle pattern: BEARISH HARAMI Some words about "BEARISH HARAMI": Definition : Given on Chart Recognition Criteria 1. The market is characterized by a prevailing uptrend. 2. A white body is observed on the first day. 3. The black body that is formed on the second day is...
In ULIP & Mutual Fund there is an OPTION to change fund status Like "GROWTH" -> "BOND" & Vice-versa. In Equity there is no such Option. better to identify stocks shows reverse action. i.e act like "GROWTH" -> "BOND" Technical front: Good combination seen in "RSI" & "W%R" Candle Pattern: "BULLISH HARAMI", A bit of Study Definition This pattern consists of...