Dear All, It will somehow be a very crucial week for us, as we can observe a bearish engulfing pattern on the weekly chart of Nifty. Also, a strong Resistance is being faced at the level of 17800 . So, as of now we have two sides, i.e., to consider the level of 17300 as a level of support and the other being, to enter the Market after witnessing a ...
A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star...
As we can see BANKNIFTY can be seen showing weakness in short term after a successful uptrend from the trendline retest! we can see more like a double top pattern in smaller time frame and neckline can be witnessed around 42000 level which is a psychological level hence there can be possibilty of BANKNIFTY showing false breakdown before finally showing a good...
Daily Learning Day-49 Nifty Weekly Timeframe Analysis. Bearish Engulfing Candle
NSE:TORNTPHARM has made a bearish harami on weekly candle. If 1507 is taken out on downside and a close comes below that, I would be looking for 1481, 1461 and 1452 levels on the downside. Depending upon your risk appetite, enter the trade either in cash or in options. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here...
NSE:CUMMINSIND making rising wedge on weekly charts and also has formed a evening star candlestick pattern. With a SL of 1666, one can short for T1 of 1552 and T2 of 1518. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to...
NSE:HDFCLIFE is looking good for a small upside move with last week's candle coming as bullish engulfing candle. With a stop of Friday's candle low, one can look for 510, 518, 525 levels. We will revisit this trade if the weekly close comes above 528 Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is...
NSE:INDIGO looking good for an upside. Once 1910 is taken out, expect the stock to do 2038. Weekly close came as bullish harami and hence the positional upside bias! Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this,...
Dear All, Yesterday we had seen the effect of the Hammer pattern, as we had observed a beautiful start in the Market. But unfortunately since it was a day of weekly settlement , we had to witness a roller coaster day. Well, this fight between the demand and supply has created a kind of Doji pattern on the chart of Nifty. Besides, as today is the last...
As we can see NIFTY has continuously been maintaining itself in the zone and finally closed in the zone so tomorrow’s direction is resllu going to be important as if it breaks the range then we can see a good downfall else we can see a strong upmove from here if sustained above the trendline hence we are expecting a unidirectional move in coming trading sessions...
A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star ....
Nice breakout in farechem organics can buy above the last candle high with 1:2 minimum take profit
NMDC BUY above todays doji high as it is a breakout +support+retracement doji formation with minimum1:2 tale profit
NLC INDIA buy above high of last doji candle formed,as the stock is on support +breakout+doji on support with 1:2 minimum target note this trade is valid only if it crosses high next day
VOLTAMP TRANSFORMER breakout retracement doji formation trade valid only if it crosses doji high next day with target of 1:2 minimun
NEOGEN CHEMICALS RISKY TRADE BREAKOUT RETRACEMENT DOJI FORMATION CAN GO FOR 1:2 AS SHOWN ION IMAGE WITH DOJI LOW AS SL,it is breakout trade with reversal candle + again reverse trade with cobnfirmation od doji high touching todays candle go for buy with 1:2 risk hai tjho ishk hai
Havells can short for atleast 1:2 on low breakout of doji,stock at resistanceas & high volume on doji candle with doji high above as sl
Oil india sell as it has high volume doji on resistance,can look for 1:@ atleast