one can look for short term positional trade in SCI, the candle stick pattern look like mother & baby candles, where all the smaller red/green candles are within the Mother (green big candle) with very narrow range movement, the volumes of Mother candle are exceptional & that of the baby candle are very low, making it an ideal pattern...one can enter on BO above...
This is my analysis. Please don't take it as trading or financial advice. I'm not a certified financial/ investment advisor. Please comment on your insights so that we can discuss better opportunities. Analysis: daily, and weekly liquidity taken Scenarios: a) If a sell order block is formed with a high volume in kill zones at 2000 0r 1940 levels then look for...
Dear All, The Doji formations on two consecutive days , i.e., on Thursday & Friday, did gave us a little relief . Also, the support that Nifty took at 16850 on a weekly basis , was a comfort to witness. However, on the other hand, Nifty is still under pressure due to not being able to cross over the important level of 17180. So, as of now, it is ...
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although...
Nifty on the weekly time frame has given a lower wick rejection and closed above the 17000 levels. It has been trading below the 20 ema. There is a bearish moving averages cross over on the daily charts. There are chances of market retesting the moving averages and giving another sell leg. For the last 2 trading session the market has been forming dragon fly...
Godrej Consumers has given a long awaited breakout above a 14 month long trendline. It went sideways for around 8 weeks before closing above the trendline on weekly basis. The BB is challenged and RSI has closed at 60, both are bullish signs. The consumer sector has underperformed in last 3 months and Godrej has been on of the best performers in this sector in...
JUBLPHARMA is at major support with positive RSI divergence on weekly time frame, positive hammer pattern formed on this week candle with huge volume. We can buy at this level strict SL on closing below 272 on weekly basis. TGT1: 332, TGT2 : 368, TGT3:393 Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
Nazara Technologies shows sign of trend reversal , forming Morning star. Candlestick - Morning star Pattern Volume analysis - substantial Increase in volume (17% delivery conversion) RSI- oversold zone Short Term Trade Analysis on Chart Entry: 1275 SL: 1045 Target: 1550 RR: 1:1
BalKrishna Inds 4 positive indications Loud Buy 1. Falling Wedge Pattern @ Support (Bullish Pattern) 2. Bullish Piercing Candle @ Support (Bullish Reversal Candle) 3. RSI Divergence 4. Price Rise with Volume Rise Buy above 2035 for target 2060-2100-2160-2185 SL 1950 Pattern Target 2225 SL 1950 It is just a view, please trade...
As we can see NIFTY showed amazing REVERSAL from our demand zone and recovered almost 300++ points from bottom and made an indecisive candle which shows we can see bears getting weaker and bulls overpowering the bears hence till 16800 is secured every dip should be a buying opportunity
Dear All, So, Eventually Nifty did touch the level of 16850, followed by a spectacular recovery in the second half and finally gave a closing with a beautiful doji formation , that all the bulls were looking for. But still the danger is not completely averted . So, we will have to wait for today's closing for the long term results. Besides, 17180 will...
Banknifty has given a doji on the daily time frame and closed above 39000 levels. It has been taking resistance, on hourly charts, from the 20 ema and closed just below the levels. Today, the index has consolidated in a parallel channel and formed a flag and pole pattern. If there is a break down of the pattern, nice fall can be seen in coming days and good...
Nifty on the daily chart has formed a doji and can give some retracement. The market has clearly tested our support level of 16850 and retraced giving a flat closing. On the hourly charts, the market has consolidated in a ascending triangle pattern and closed near the previous day close. It is taking serious resistance from 20 ema and couldn't sustain above the...
Bajaj Finance Cmp 5715 dated 16-3-2023 1. Hammer Candle @ Support 2. 2 times price got reversed from this support line. 3. RSI is oversold zone 4. Super RRR Buy above 5755 for target 5850-5950-6035-6130-6200 SL 5650 It is just a view, please trade at your own risk.
HAL Cmp 2783 dated 15-3-2023 1. Shooting Star Candle @ top of the chart. 2. RSI on verge of triangle breakdown. Sell below 2775 for target 2730-2700-2655-2610-2575 SL 2875 It is just a view, please trade at your own risk.
As we can see NIFTY has shown one sided fall from head and shoulder pattern breakdown hence the next emminent important level can be seen around 16800 which is also a psychological level hence any signs of reversal around the given level can show good upmove hence keep watching as we might see a strong upmove around given level
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...
Dear All, As we had mentioned in our Yesterday's Morning Mantra that Nifty is now ready to taste the level of 16800 , the same was accepted by the market itself. As even after a beautiful gap up opening and a high of 17211.35 , Nifty had once again failed to sustain the level of 17180 . Well as of now, we will have to keep patience and watch for ...