Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been...
In the Weekly Chart of NIACL , we can see that, after Cup & Handle Breakout it is ready for big momentum. Enter on Hammer Candle's High with Low as SL.
In the Weekly Chart of MHLXMIRU , we can see that, it has formed a Bullish Hammer Candle on Support. Bullish Momentum is expected from here onwards.
In the Weekly Chart of JINDALPHOT , we can see that, it is inside a Triangle and Hammer Candle is formed . Expected momentum is shown in chart.
In the Weekly Chart of MUTHOOTCAP , we can see that, with the help of Double Bottom reversal pattern, it gave Cup & Handle breakout. It has now formed a Bullish Hammer Candle on Trendline.
In the Weekly Chart of RAMCOCEM , we can see that, after respecting the resistance, the selling is now strong . Hammer candle is formed. We might also see formation of Cup & Handle. Expected momentum is shown in chart.
Inside Bars. Consolidation at Peak. Low risk below 700. Strong in weak markets. Let's see!
- Long only if it breaks trendline and moves above inside bar high - Entered demand zone and is currently indecisive, so Mon/Tue - if there is enough volume then it can break the trendline - Respect Stop loss - new demand will be created if it breaks the stop loss
Short looks good to short below 771. Reason for trade Proper M Pattern formed on Daily chart. Also RSI is week. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If you think this idea is use full please like and share and follow Thank you for reading my idea
In the Weekly Chart of DMART , we can see that; it is resting the Trendline and a Decision making Candle is formed. Enter on breaking its HIGH with LOW as SL.
In the Weekly Chart of CHAMBLFERT , we can see that, it has formed a Bullish Hammer Candle. Can this form a Big Double Bottom Pattern ? Enter on breaking its HIGH with LOW as SL.
In the Weekly Chart of EICHERMOT , we can see that, it has formed a Bullish Hammer Candle & very soon we might see a Cup and Handle Breakout. Enter on breaking its HIGH with LOW as SL.
Good morning, traders. Analysis for thursday still remains intact. On thursday, market opened in the range of last trading session and remained in that range, thus the price action was kinda choppy. my plan for today: case 1: 19460-19300 remains no trading zone. case 2: if the market opens below or crosses 19300-280 zone, will short for immediate target of...
DAAWAT is taking support at 172 and make strong bullish candle with high demand. It has high potential to touch 188 price. Target price: - 188 Note: It may spike below 170, as strong Bearish candle form with high volume
Dear All, Just as we had stated in our Previous Morning Mantra update about our expectation on Nifty creating some cautiousness in the Market. Likewise the same was witnessed yesterday itself. As after a flat to negative opening, the Market showed us a further decline in its levels. Moreover, today is the last trading day of the week. Besides, on...
As we can see NIFTY fell unidirectionally after showing a small up move in the first half as we analysed that unless NIFTY breaches 19500 level, it remains negative. Now we can see NIFTY has formed more like a head and shoulders pattern in smaller time frame and following the global cues we may expect a negative opening of NIFTY but if it opens flat and breaches...
Long upside of 50% after cup and handle pattern on weekly I am not sebi registered and this is just for educational purpose.
Pros--As we see the price is at its 52 week high , also the price is above its 200 days MA , we can expect a bullish momentum in the stock in near about the month . Also the stock had given the breakout with good volume . Cons-- 1. a consilidation is not present near brakout . 2. price is at its highest point so we dont have a supply zone. ...