CUB | Excellent reversal opportunity with very good risk reward - Trying to capture 40% CMP : 130 SL : 110 Target : 190
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more...
Dear All, So for back to back three trading days we have been observing 3 red candles on the day chart of Nifty. Which is somehow indicating the importance of the 17800 level as well as the importance of the bearish reversal pattern, which was bearish engulfing . Furthermore, it is a weekly settlement day, today . And on a positive note, on the Day...
Daily Learning Day-48 Option Buying on Expiry. When Nifty ATM Strike Price premiums are less than 80 points on the day of expiry, take option buying positions that day.
JSW STEEL AND POWER amazeing breakout +support+doji form on support can go for long above 561.35 for 1:2 minimun
As we can see NIFTY despite the weakness in first half but eventually has managed to close above trendline which shows that NIFTY might continue the upmove if managed to sustain above the zone and the trendline but in case if NIFTY fails to sustain above the zone then we might see a good fall in coming trading sessions so keep watching everyone
Dear All, Just as we had stated yesterday itself, similarly following the impact of the Bearish Engulfing pattern , we did once again witness a supply pressure at the upper levels in Nifty, yesterday. Wherein, even after a gap up opening , we had witnessed a lower closing of around 17660 . So, ultimately it’s a very crucial situation in the Market as of...
Ajanta pharma buy above 1275 only if it crosses on next candle with 1:2 minimun,Its a nice breakout + doji formation + trendline support + trend change
BUY above doji with 1:2 minimum target as stock given breakout and is retraceing little with doji formation
NIFTY 50 Analysis Time Frame - Daily Study - Bullish Butterfly Pattern and two pin bars after big downtrend Conclusion and Targets - View 1 - If Nifty sustains above 16751 , Then Immediate target would be , 17267,17450,17820 View 2 - If Nifty breaks 16751, then expected big correction below 16500 Disclaimer - This Chart is only for educational purpose. Do...
Dear All, Yesterday was a day where we had once again witnessed the significance of 17800 as a crucial level of Resistance . Also, a huge supply pressure that was observed yesterday, is somehow indicating that the Market is currently in a rangebound of 16800-17800. Besides, a perfect bearish engulfing pattern on the day chart of Nifty, is somehow...
As we can see NIFTY had been moving unidirectionally without any significant retracement but we did see some good retracement today after a much awaited upmove and can be seen getting rejected at the trendline and hence 17580-17620 is sustained above and not broken down we can still expect NIFTY to continue its upmove so keep watching everyone
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...
Daily Learning Day-46 Nifty Closed within a range. Confusing Market Ahead
What an amazing rally witnessed from the retest of the trendline as it rallied over 800++ points in just a week without any retracement hence we can’t expect more aggressive upmove coming up and hence till 42000 is broken above and sustained we can expect BANKNIFTY to continue this partial upmove but we can expect a sideways to negative market if couldn’t sustain...
Dear All, So, it has been back to back two weeks now, that we have been witnessing the magic of the Morning Star formation on the weekly chart of Nifty. Moreover, we have observed a V-shaped recovery in the Index, i.e., from 17800 to 16800 and then from 16800 to 17800. Well as of now, the Index is trading at a very crucial level of 17800 ....
CAREERP | Channel breakout with volume - Looks good for a decent rally CMP : 165 (Dip : 155) SL : 140 Target : 250
NIFTY | Anybody rab dikhta hum? CMP : 17030 SL : 16950 Expecting the gap to be sealed