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 . If...
As we can see as analysed banknifty finally reached it’s important resistance and a psychological level of 41000 level now we have to see BANKNIFTY if it could sustain itself above 41000 or not else like previous breakout we can expect BANKNIFTY giving false breakout above and finally continuing its downtrend hence unless 41000 is broken above and sustained we...
Dear All,
As of now, we can clearly observe the effectiveness of the Morning Star formation , as even yesterday we got to witness a beautiful and a positive momentum in Nifty. Wherein, the index is now beautifully trading above the 17420 level, which is altogether a good sign.
Moreover, our 2 important stated levels of 17300 and 1718 0 are once again ...
BUY HINDUNILVER FUT 2560-2590 FOR 2630/2660. Bullish engulfing with golden crossover happening. Target till trendline merging. invalid below 2520 on closing basis
Dear All,
After the beautiful Morning Star formation on the weekly chart, we had seen a gap up opening in Nifty on Monday .
While we are back again after spending a holiday, we are now expecting a sideways to positive Market momentum with the stop loss of 17300 on a closing basis, for the 2 remaining trading days, as we have 1 more holiday coming up...
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Dear All,
Finally on the last trading day, we had witnessed a beautiful breakout in Nifty. Wherein the most beautiful part was that it consisted of the 2 important levels of 17180 as well as 17300. As these were the 2 levels that had played a very crucial role as a level of support for the Market in the previous timeframe.
As of now, we can observe a...
As we can see BANKNIFTY rallied over 1000++ points from the demand zone as analysed from 38700-38800 levels and trading at important levels headinh towards psychological level of 40800-41000 levels which is its next supply zone which might act as a RESISTANCE hence we can see BANKNIFTY rally for more of 400-500++ points in coming trading sessions before this...
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
XAGUSD
Another Bullish Signal for Silver🥈
Attached: XAGUSD/ Nifty 50 Weekly Chart as of 31st March 2023
- This Relative Strength Chart indicates that the Outperformance of Silver over Equity (Nifty 50) has started 📈
-It is similar to the Signal on Gold🥇 that I had shared on New Year's Day and you can see how fabulously well that Gold Buy Signal played out for us...
Banknifty has formed a base and give another doji on the monthly charts. A nice morning star pattern in formed on the weekly charts, which shows some positivity.
Though, the market on the weekly time frame is trading below the 20 ema.
The market has closed near a crucila levels and if it cross nice bullish momentum can be there in the market.
The daily chart's...
![GOLD1!: [POSITIONAL] GOLD SHORT BET](https://s3.tradingview.com/u/uSMRTvXG_mid.png "[POSITIONAL] GOLD SHORT BET")
