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Candlestick Analysis

Mazdock Long - Technical AnalysisMAZDOCK Technical Analysis Summary Current Price : 2,985.00 Technical Reasons to Pick MAZDOCK 1 - Dow Theory Confirmation - Higher Highs (HH) - Higher Lows (HL) - Clear uptrend structure maintained 2 - EMA Support Structure - Took support from 100 EMA on a weekly Timeframe - Trading above sorted EMA 100/200 - Strong momentum indication - Bullish reversal from key moving average 4 - A clear Hidden RSI Divergence - Indicates continuation of uptrend - Target 1 : 3,240.00 - Target 2 : 3,502.30 - Target 3 : 3,774.00 - Grand Target : 4,094.00 Risk Management Watch for sustained break below 100 EMA for trend reversal Overall Bias : BULLISH Strategy : Buy on dips near EMA support levels.
NSE:MAZDOCKLong
by earnwhileulearn
5
COFORGE LIMITED ( 1D ) 🔑 KEY LEVELS 🔑 ✔ Fibonacci Retracement 61.80% ✔ Trend Line Act As Resistance. ✔ RSI Also Overbought Zone. 🎯 TRADING PLAN 🎯 ✔ Near the key levels , Bearish Engulfing Candlestick Pattern has formed. ✔ The Entry Point is Below @ 1792.10 ✔ The Stoploss Point is @ 1830.00 ✔ The First Target is @ 1681.00 ✔ The Second Target is @ 1601.00 💡 Never, ever argue with your trading System. Disclaimer : Educational & Informational Purpose Only. Not a Buy / Sell Recommendation.
NSE:COFORGEShort
by AKSHAY0008
3
BIOCON LIMITEDPrice recently rebounded from the order block zone (₹340–350) with a strong hammer candle followed by bullish confirmation. Current momentum is pushing price towards the ₹375–380 resistance. Sustaining above this zone can open the way for a rally towards ₹410 (external liquidity zone). The ascending structure and repeated demand from discount zone indicate accumulation by buyers. Support lies at ₹345–350, while short-term stop loss can be considered below ₹340. 👉 In short: Bullish bias; above ₹375 breakout, next target ₹410. Strong support at ₹345
NSE:BIOCONLong
by ChartistHub
ASIAN PAINTS LTD ( 1D ) 🔑 KEY LEVELS 🔑 ✔ Fibonacci Retracement 38.20% ✔ Trend Line Act as Support. ✔ RSI Also Oversold Zone. 🎯 TRADING PLAN 🎯 ✔ Near the key levels , Bullish Harami Candlestick Pattern has formed. ✔ The Entry Point is Above @ 2496.90 ✔ The Stoploss Point is @ 2474.50 ✔ The First Target is @ 2601.00 ✔ The Second Target is @ 2705.00 💡 Discipline is the bridge between goals & accomplishment. Disclaimer : Educational & Informational Purpose Only. Not a Buy / Sell Recommendation.
NSE:ASIANPAINTLong
by AKSHAY0008
Positional or Long-term Opportunity in Piramal PharmaGo Long @ 203.6 for Targets of 229, 244, 259, and 287.1 with SL 186.9 Reasons to go Long : 1. On Weekly timeframe If we draw Fibonacci retracement from the recent swing low (A) to the swing high (B) then the stock took support from the 0.5 Fibonacci level. 2. In addition to this, the stock formed a Bullish Engulfing Pattern (marked with a orange color) around 0.5 Fibonacci level. 3. Also there is a strong demand zone (marked with a purple color) from which the stock is taking support.
NSE:PPLPHARMALong
by Nimish_Ghagare
1
Positional or Long-term opportunity in IDFC First BankGo Long @ 71.75 for Targets of 82, 90.5, and 98 with SL 68 Reasons to go Long : 1. On Weekly timeframe If we draw Fibonacci retracement from the recent swing low (A) to the swing high (B) then the stock took support from the 0.382 Fibonacci level. 2. In addition to this, the stock formed a Bullish Engulfing Pattern (marked with a orange color) around 0.382 Fibonacci level. 3. Also there is a strong demand zone (marked with a purple color) from which the stock is taking support. 4. Besides the stock formed a Double Bottom (W) pattern at 0.382 Fibonacci level. 5. Also the stock gave a Trendline breakout (marked with a red color).
NSE:IDFCFIRSTBLong
by Nimish_Ghagare
BRITANNIA INDUSTRIES LTD ( 1D ) 🔑 KEY LEVELS 🔑 ✔ 6240 - 6300 Selling Zone. ✔ Trend Line Act As Resistance. ✔ RSI Also Overbought Zone. 🎯 TRADING PLAN 🎯 ✔ Near the key levels , Bearish Harami Candlestick Pattern has formed. ✔ The Entry Point is @ Below 6207.00 ✔ The Stoploss Point is @ 6319.50 ✔ The First Target is @ 5929 ✔ The Second Target is @ 5777 💡 The goal of successful trader is to make the best trades. Money is secondary. Disclaimer : Educational & Informational Purpose Only. Not a Buy / Sell Recommendation.
NSE:BRITANNIAShort
by AKSHAY0008
1
Technical View – Gold Futures (MCX)Trend: Sharp rally extended, but now showing pause with doji candles at the top. Volume: Trendline breakout earlier came with strong participation; latest candles show reduced conviction. Momentum: RSI near 74 → overbought, but stabilizing. MACD still positive, histogram flattening → signs of momentum cooling. Support Levels: ₹107,250 (short-term EMA), ₹105,200 (swing support). Bias: Rally intact, but risk of sideways/consolidation phase unless fresh volume confirms continuation.
MCX:GOLD1!Short
by Punit190
USD/JPY(202509008Today's AnalysisMarket News: Non-farm payroll growth fell significantly short of expectations, with June's data revised downward to negative territory, marking the first contraction since 2020. The unemployment rate hit a nearly four-year high. Technical Analysis: Today's buy/sell levels: 147.57 Support and resistance levels: 149.28 148.64 148.23 146.92 146.51 145.87 Trading Strategy: On a breakout above 148.23, consider a buy entry, with the first target price being 148.64. On a breakout below 147.57, consider a sell entry, with the first target price being 146.92
Long
by BullMarketKing
Bearish Pressure Builds: Gold Poised for More RetreatGold retreated sharply today as expected, and directly hit my expected retracement target of 3520-3510 area; the lowest point happened to be around 3511. We added a lot of short positions around 3575 and 3578 overnight, which helped us to make considerable profits during the gold retreat. All short positions made a total profit of 1830pips after being closed. Since gold has begun to retreat from 3578, and the retracement has reached 670 pips in the short term, a retracement that is rare in recent times, as gold has shown obvious signs of retreat, once large funds begin to withdraw, it may trigger serious selling sentiment in the market. Taking this opportunity, the gold market may usher in a round of sharp correction. Moreover, after gold retreats, 3578 is expected to become the interim peak, which will limit the room for gold to rebound while being conducive to the downward pressure on gold. In addition, gold rose sharply before the NFP market, probably to reserve room for the NFP market to fall, so I think gold still has the demand and space to continue to retreat, so the current decline has not ended yet, and I think the current short-term rebound provides us with good conditions for entering the short market. According to the current structure, gold still needs to retreat after fluctuating at high levels. Therefore, in trading, we can still look for suitable opportunities to short gold during the gold rebound. First of all, we need to pay attention to the short-term resistance area of 3545-3555. Once gold cannot effectively stand in this area during the rebound, gold will also test the 3510-3500 area. After falling below this area, it is expected to continue to the 3490-3480 area.
OANDA:XAUUSDShort
by PriceSniper_Steffen
2
ABFRL: Price Action OverviewFollowing a gap-down opening on June 4, ABFRL entered a consolidation phase, trading within a well-defined supply and demand zone. This range-bound movement suggests a period of accumulation or indecision among market participants. During this consolidation, the stock has formed a double bottom pattern on the daily chart—a classical reversal structure that often indicates a potential shift from a downtrend to an uptrend, provided confirmation follows. An inverted hammer appeared near the second bottom, signaling potential buying interest at lower levels. This was followed by a bullish pin bar, reinforcing the possibility of a short-term reversal. These candlestick formations, especially when occurring near support zones, can be interpreted as early signs of bullish momentum returning—though follow-through price action is essential. If bullish momentum sustains than the stock may attempt to fill the gap left from the June 4 session. The gap resistance level is around ₹84 , which could act as a near-term target for traders monitoring this setup. Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any security. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
NSE:ABFRLLong
by NiftyNotion
Positional or Long-term Opportunity in ACE Go Long @ 1059.7 for Targets of 1195.9, 1300, 1390, and 1536.4 with SL 991.6 Reasons to go Long : 1. On Weekly timeframe If we draw Fibonacci retracement from the recent swing low (A) to the swing high (B) then the stock took support from the 0.5 Fibonacci level. 2. In addition to this, the stock formed a Bullish Harami Pattern (marked with a orange color) around 0.5 Fibonacci level. 3. Also there is a strong demand zone from which the stock is taking support.
NSE:ACELong
by Nimish_Ghagare
M&M | How to Trade a Bullish Engulfing in a Rising Channel🚘 M&M | How to Trade a Bullish Engulfing in a Rising Channel 📊 Stock: Mahindra & Mahindra Ltd (M&M) ⏳ Timeframe: Daily 📈 Chart Pattern: Rising Channel 🕯 Candlestick Pattern: Bullish Engulfing ________________________________________ 🔹 Pattern Overview M&M is currently trading within a Rising Channel, a structure that often reflects sustained bullish momentum. On the latest daily chart, a Bullish Engulfing candlestick has been formed, signaling renewed buying interest after a brief phase of consolidation. ________________________________________ The setup looks stronger with a Bullish Marubozu and an Open = Low candle, showing aggressive demand from the open. Price is holding well above VWAP, confirming bullish bias. A BB Squeeze Off signals volatility expansion ahead, while the recent false breakdown indicates sellers got trapped and buyers are back in control. ________________________________________ 🔹 Key Levels to Watch Resistance Zones: 3335 – 3374 – 3445 Support Zones: 3224 – 3152 – 3113 ________________________________________ 🔹 Technical Indicators Snapshot RSI is at 52, sitting in the neutral zone but leaving room for upside momentum if buying picks up. The MACD shows a bearish crossover, which is an early caution signal to watch. CCI at -14 indicates neutral sentiment with no strong bias, while Stochastic at 55 is mid-range, suggesting neither overbought nor oversold conditions at the moment. ________________________________________ 🔹 Candle Analysis Candle 1 (Yesterday): High 3280 | Low 3187 Candle 2 (Today): High 3302.10 | Low 3191.10 👉 The today’s candle engulfed the previous session’s body, confirming the Bullish Engulfing pattern. ________________________________________ 🔹 Trading View (Educational Insight Only) A Bullish Engulfing inside a Rising Channel generally indicates continuation of the prevailing uptrend. If price manages to probably sustain above the 3335–3374 zone, it may signal strength for further upside. On the other hand, if the stock probably slips below the 3224–3152 support zone, it could lead to short-term profit booking. ________________________________________ 📌 “All price levels mentioned are as observed at the time of writing and may change with market movements. Readers are advised to track live prices before making any trading or investment decision.” ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:M&MLong
by simpletradewithpatience
Hammer Candlestick Reversals - Bullish & Bearish Setups🔹 Intro / Overview In this idea, we focus on the Hammer candlestick pattern — both Bullish and Bearish variations. The Hammer is a powerful reversal signal formed with a small body, a long shadow, and defined highs/lows. When combined with EMA High–Low Band Confirmation and swing structure, it creates rule-based trading opportunities with clear validation and devalidation rules. --- 📖 Bullish & Bearish Hammer Intro 🟢 Bullish Hammer → Appears after a downtrend / at swing low . Buyers step in strongly, rejecting lower prices. - EMA Band should be above the candle. - Candle High = Validation line. - Candle Low = Devalidation line. - Entry → Close above the High. - Stop-Loss → Candle Low. - Target → 1x risk, with remaining lots trailed (ATR, Fibonacci, Box Trailing). 🔴 Bearish Hammer → Appears after a uptrend / at swing high . Sellers take control after rejecting higher prices. - EMA Band should be below the candle. - Candle Low = Validation line. - Candle High = Devalidation line. - Entry → Close below the Low. - Stop-Loss → Candle High. - Target → 1x risk, with remaining lots trailed. --- 📌 How to Use 🟢 Bullish Hammer Spotted - Validation → Close above the Hammer’s high. - Devalidation → Close below the Hammer’s low. (before validation) - SL → Hammer Low. - Target → 1x risk, remaining lots trail with ATR/Fibonacci. 🔴 Bearish Hammer Spotted - Validation → Close below the Hammer’s low. - Devalidation → Close above the Hammer’s high. (before validation) - SL → Hammer High. - Target → 1x risk, remaining lots trail with ATR/Fibonacci. --- 🎯 Trading Plan - Entry → On validation close (Bullish above High, Bearish below Low). - Stop Loss → Defined by Hammer candle (Low for Bullish, High for Bearish). - Target → First TP = 1R, Remaining lots trailed for extended moves. --- 📊 Chart Explanation 1️⃣ 🟢 Bullish Hammer Spotted - Candle validated as price closed above the high. - 🎯 Target 1 achieved, remaining lots managed with trailing methods. Trailing Exit could be at swing top with best trailing 2️⃣ 🛑 Bearish Hammer → - Candle validated as price closed below the low. - 🎯 Target 1 achieved, remaining lots managed with trailing methods. Trailing Exit could be at swing bottom with best trailing 3️⃣ 🛑 Bearish Hammer → - ❌ Devalidated - Candle devalidated as price closed above the high. 4️⃣ 🛑 Bearish Hammer → -Candle validated as price closed below the low. ⛔ Stop-Loss hit - stop loss ensures risk management and discipline in trading. 5️⃣ 🛑Bearish Hammer → -Candle validated as price closed above the low. - 🎯 Target 1 achieved, remaining lots managed with trailing methods. Trailing Exit could be at swing bottom with best trailing --- 👀 Observation - Bullish Hammer → Works best after prolonged downtrend at support zones. - Bearish Hammer → Stronger after extended uptrends or near resistance zones. - EMA Band → Confirms market bias and filters false signals. - Risk Management → Defined SL + structured TP protect capital and maximize reward. --- ❗ Why It Matters? - Clear rules: Validation, Devalidation, Entry, SL, and TP. - Combines price action (Hammer) with EMA Band confirmation. - Ensures disciplined trading instead of emotional decisions. - Allows both conservative and aggressive management via trailing. --- 🎯 Conclusion The Bullish & Bearish Hammer patterns, when combined with EMA High–Low Band confirmation, provide a structured reversal trading strategy. By following strict entry, SL, and TP rules, traders can filter false setups and capture strong reversals at swing highs and lows. 🔥 Patterns don’t predict. Rules protect. 🚀 --- ⚠️ Disclaimer For educational purposes only · Not SEBI registered · Not a buy/sell recommendation · Not financial advice — purely a learning resource.
NSEIX:NIFTY1!Education
by MarketAlgoBot
2
RBLBANK Daily Price Action & Key Technical PatternsThis TradingView chart displays the daily candlestick price movement of RBLBANK in INR, highlighting important technical patterns and zones. The chart features a “Base Formation” region, an upward breakout followed by steady bullish momentum, and a consolidation phase (flag channel) at higher levels. Key technical elements include two Exponential Moving Averages (EMAs), support and resistance zones, and high volume clusters (HVQ) indicating significant trading activity. Annotations such as “Confluence @ EMA” and volume bars further assist in identifying potential entry and exit points for traders.
NSE:RBLBANK
by TradeTravel_Explore