FAZE3Q | Cup & Handle + Trendline breakout - Potential for 30% CMP : 415 SL : 385
Bullish price action refers to a series of price movements and candlestick patterns in a financial market that indicate an upward or bullish trend is likely to continue or emerge. Here are some common signs of bullish price action: 1. Higher Highs : In an uptrend, each successive high should be higher than the previous one, demonstrating an upward momentum in...
In the Weekly Chart of RAJRATAN , we can see that; 3 hammer candles are formed in same range. Enter on breaking the Hammer Candle's High with Low as SL. Expected momentum is shown in chart.
In the Weekly Chart of AEROFLEX , we can see that; it has shown an up move. Expected Price Action is shown in chart.
In the Weekly Chart of SIS , we can see that; it has respected the trendline multiple times. Also, inside candle is formed. Enter on breaking of inside Candle's high with low as SL. possible momentums are shown in chart.
In the Weekly Chart of IRCTC , we can see that; it has made a Inside candle which is one of Favorites. Enter on breaking its High with Low as SL. Invest in IRCTC for at least next 5 years. Expected momentum is shown in chart.
In the Weekly Chart of IBREALEST , we can see that; it is in the same range and has created a Halt / Decision making candle near breakout zone. Enter at 84 with SL as 77.
In the Weekly Chart of COSMOFIRST , we can see that, it has made a Decision making candle. Possible momentums are shown in chart.
NSE: METROPOLIS is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13%...
As we had analysed in our previous post that NIFTY is heading towards important RESISTANCE and we might see some rejection from those levels and we did see that. Now following the global cues, we can expect NIFTY to open weak but if it manages to open around 19700 then we can see a short covering in first half so plan your trades accordingly.
SPANDANA | Simple breakout - Looks potential for 40-50% CMP : 806 SL : 700 Target : 1300 Almost 1:5 risk reward setup
Banknifty on the daily time frame has formed an inside candle. It has closed above the 20 ema on the daily charts. On the hourly charts, the market has remained in the first hour candle and closed just between both the moving averages and the moving averages are close enough. The market has consolidated whole day and closed only 82 points higher killing option...
What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15...
NSE: WOCKPHARMA is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on...
As we can see NIFTY managed to continue its rally as analysed in our previous post. Now that NIFTY had shown unidirectional move, we must expect some retracement from here now. the most eminent RESISTANCE can be the gap which is pending from 19850-19880 which could act as a possible resistance so any signs RESISTANCE around the given zone should show great...
Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher. It took a good support around 44500 levels and closed just around the levels. Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts. On the hourly charts, after a first hour volatile...
NSE: WIPRO is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on...
As we can see NIFTY showed unidirectionally move as analysed in our previous post that NIFTY is giving a better opportunity to enter and despite the ongoing war, we expected a strong up move and we saw that too. Now that NIFTY has shown unidirectional move, we can expect more of further up move in coming trading sessions till 19800 wherein a gap is present which...