It is been observed on the daily chart that the price action breaks below the important and crucial support zone indicating further weakness in the stock. Now, if it closes below 880 levels today then It shall now further dip down from current levels. Target 1: 860 SL: 900
A Doji formation can be seen on HDIL daily chart and stock is currently trading at more than 2 year low a possible reversal can be happens so a risky buy can be done for short term above 62 level with Target- 68/74 with stop 56-58 area. Its risky because its not a clear hammer formations neither volume support at this level. wait for close above 62 than go for long.
Scrip can rebound owing to fine YoY Q1 results after going down below support levels and falling below 200-SMA forming morning star pattern however,confirmation is yet needed One can aim for resistance level 1 and beyond if it goes around entry range wherein, the close of last candlestick should show above the preceding candlesticks real body %william upward...
The scrip has seen strong price action (surge) today with increase in buying volume and about to break resistance (c) level, 52 week high Ascending channel seen in formation Declaration of good Q1fy18 result YoY www.indiainfoline.com
Scrip has shown some sign of reversal with green candlestick engulf at the downtrend although the real body of green candlestick closed at below of preceeding candlestick so will wait for further confirmation before entering at entry range defined in chart towards resistance levels
The scrip is nearing 52 week low levels however scrip can take reversal now if bullish momentum is gained owing to : 1) Reversal with good volume buying at support levels after continuous bearish trend 2) %william showing uptrend (surge usually results in pullback at top levels so wait for the confirmation at entry range) 3) On day charts, Bullish spinning bottom...
In Hourly Chart: 4th Last Candle is Bull CANDLE. 3rd Last Candle is Long Legged Upper DOJI. 2nd Last Candle is Long Body Bear Candle. Thus Pattern forms "EVENING DOJI STAR" But in Last candle is " Long Legged Lower DOJI " & Previous Formed Pattern NULL & VOID. Conclusion: If Tomorrow 1st hourly candle is to be a Bull Candle, Having Body Less than 2nd Last...
Monsoon is in flow and the scrip has also taken strong bullish ride breaking 52-week crucial resistance after block deal economictimes.indiatimes.com Although, corrections may happen due to profit booking by shorters and swing traders, The scrip can go long towards price target (mentioned in chart) as strong bullish trend can be noticed for now Not complete...
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...