Andrews Pitchfork's is capturing very well the price action so far and working as Resistance. It has closed out of it but formed a hanging man showing possible weakness, so one can short the stock if it starts trading below the upper Median Line around 143.50 for a target of 135 by providing stop loss of 147.60.
Today's big Black candle which engulfed the last 2 candles and closed at lowest level is showing the forthcoming weakness. It is also showing bearish divergence in the overbought Zone. One can short the stock at the level where Stop Loss of 1102 on closing basis is affordable to them.
MRF stock after a strong vertical bull run paused and it looks like ready to resume the journey again. One can go long now or on dips wherever one is comfortable with the stop loss of 49600 for target of price range 55650 - 57500. It offers good risk to reward ratio.
The stock has formed a Doji Star on 09.03 and Buy signal was confirmed on next day as price traded above the high of it. Moreover it was at Crucial 50% of the last swing so one can go long at this level by providing a small stop loss. One can easily expect 2-3 times reward of the risk taken.
I would go long the stock because a. it made a bullish Doji Star 2 days ago at significant 50% retracement level. b. Primary trend of small swings being supported by the trendline. c. Last Bar is giving opportunity to enter at cheaper price so Stop Loss is affordable. One can go long providing suitable Stop Loss and expecting the target double the risk provided.
* Wyckoff Analysis * Distribution Phase * Doji @ top #Invalid above 12050
It is been observed that the price action is consolidating in a sideway correction and now, it has formed a bullish candlestick pattern indicating a bullish move ahead. It shall be a starting of another new wave or rally to upside. Short Term: Target: 44.50 Stoploss: 42.50 Mid-term: Target: 50 Stoploss: 42 Regards
Evening star on Yes Bank and MACD on bearish crossover on above the '0' barrier. Trade: Short below - 1420 Target - 1395 Stop loss - 1440 Risk : Reward => 1 : 1 Reward Points - 25 Risk Points - 20
It is been observed on the daily chart that the price action firstly breaks above the downward trend line on daily chart indicating a strong bullish move. Then, it retraced back to the downward trend line with three candles hiding behind the big green candle. This is also indicative of the possible "Rising Three Method" formation. Overall, it is indicating a good...
Channel, Pitchfork and Trend line all are meeting beautifully at a single point. Bearish Engulfing today offers a potential short trade at this juncture. I expect it to move easily for the first target of 360 and even further till 340. Stop Loss 393. Similar Setup in Reliance worked well recently.
* Dumpling Top * 50% Fib retracement * Gap at play * Negative crossover on Stochastic * RSSI sloping southwards
The stock is forming bearish Engulfing at .786 Fibonacci level. I would trade it at this level for a short term gain hoping the retracement : risking 10 points and looking for a reward of 12 only as there is nearby support. Risk to reward is not lucrative but mostly such setup reward the small profit.
The Stock is in downtrend and formed a down sloping channel. Inside Day after the upper line touch may be significant and reverse the short term up move. If it starts trading below the low made on 30.12.16 I would short with stop loss of 54.75.
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
It is been observed on the daily chart that the price action forms a bullish Marubozu candlestick pattern with a breakout from a downward trend line indicating buyers dominance over the price action and control over prices. It shall move further up to next resistance levels. Target 1: 332 Target 2: 340 Stoploss: 312
Long Lower Shadow candlestick pattern and OI analysis also positive sign for Long. OI Analysis: Price - UP Volume - UP ( +17 lks volume high compared with previous day traded volume) OI - UP (+30 %) Market - ** will update on trade day** Trade: Buy abv - 1147 Target - 1167 Stop Loss - 1130 Reward Points - 20 Risk Points - 17
It is been observed on Weekly chart that the price action forms a bearish pin-bar candlestick pattern indicating rejection of higher price action and seller dominance over price action. Now, it shall further move down to next support levels. Target 1: 800 Target 2: 750 Stoploss: 880
It is been observed on daily chart that the price action forms a Bearish Pin Bar Candlestick formation indicating Buyers exhaution and Sellers taking over the price action. It shall further put the price action down to previous support levels at around 74. Target: 74 Stoploss: 79