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...
Long legged DOJI / Bearish PIN, Possibility Flat to -VE in 1st - 2nd 15 min candle. Grab opportunity to LONG in LOW. Rread carefully. All Entry / Exit / SL / TSL on chart. For short / medium term detailed analysis. watch Published post " Can Ideal AB = CD & Bullish HARAMI CROSS Combo Lift PVR ? " link given below. If enriched your knowledge, Click on LIKE ,...
Jsw Energy getting ready for weekly TL breakout. CMP-66.95 23-07-2017
in weekly - it is forming staircase pattern, it is reversed from the support, in monthly - round bottom is formed and breakout already happened. sl - 260 (below horizontal support) 1st tgt - 342, 2nd tgt - 390
in weekly it is in strong uptrend, in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here. sl - 1573, 1st tgt - 1732, tgt2 - 1800
RSI is showing negative divergence
Bearish Bat at 2500. If TCS goes below 2490 - I shall be looking for target 2465-below 2465 for 2430 -below 2425 for 2400 & below 2400 -can be 2345. Stoploss above 2516 ( 1 point above X- level)- In first place once it dips below 2490 - it should not bounce above 2500 which will early signal to be cautious in the trade else we enjoy 2465- 2430. Candlestick...