Stock is at weekly support with a strong bullish PIN Bar. View Bullish Category CASH-FO Weekly Time Frame
Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again...
As we can see BANKNIFTY broke all of its RESISTANCE and moving up unidirectionally since the retest of the trendline! watching the chart we can see BANKNIFTY has more room for upmove till 43600-43500 which is its next psychological level and order block from where we can expect BANKNIFTY to reject and show retracement hence every dip now is a buying opportunity...
JUSTDIAL | Channel breakout within channel - Trying to capture a 10-12% CMP : 620 SL : 590 Target : 700 1:2+ risk reward setup
Dear All, We had witnessed a very beautiful day yesterday. Wherein finally we had seen a breakout of the 17800 level on closing basis, as Nifty made a closing of 17915.05 Besides, on another positive note , Nifty is almost near to its Morning Star formation on its Monthly Chart. These are indeed very good sign for the Market in the long-run ....
MAITHAN ALLOYS BREAKOUT RETRACEMENT DOJI FORMATION TRADE VALID FOR ONE DAY IT IT CROSSES DOJI HIGH THEN BUY WITH 1:2 TARGET,as it has given breakout and formed doji on retracement
EXIDE INDUSTRIES breakout + support + doji formation buy above high of last candle186.55
As we can see BANKNIFTY had shown one sided upmove but we can see it getting closer to its eminent psychological level and an important resistance, if BANKNIFTY opens above the given level then we might see a sudden pullback in the first half itself and coming itself in zone but if somehow BANKNIFTY manages to sustain above the given level then we might see a big...
Dear All, So, Finally yesterday we got to witness a closing of just above the level of 17800 , i.e., around 17813.60 But somehow this closing does not seem to provide much conviction. Besides, on observing the formation of a Hanging Man pattern on the day chart of Nifty, raises the need to stay cautious here. Yes, this need of cautiousness is expected...
As we can see BANKNIFTY opened exactly around the resistance and showed a good rejection with over 200++ points downfall but it eventually recovered in the second half and closed around its opening price which is a good resistance hence we have previously discussed about the given levels being an important resistance so we may expect BANKNIFTY to again reject at...
Monthly Expiry Special Daily Learning Day-52 Learn to Plan Monthly Expiry
HEG LTD SELL ON DOJI LOW BREAK,as it has high volume +doji form on top with 1:2 minimum
Dabur showing support+bullish engulfing +breakout retracement go for buy above high of last candle for1:2 triple confirmation trade
BALRAMPUR CHINI BUY ABOVE HIGH OF DOJI FORMED TODAY,As it is breakout + support+retracement doji on support buy with minimum 1:2 take profit
At support Formation of hammer Bounce back Rsi in oversold Zone
Dear All, So finally yesterday, Nifty had touched the level of 17800 . However, being unable to sustain over the same, it failed to give us a closing of above the stated level, and ultimately we got to witness a closing of 17769 approx. Besides that, we had also witnessed a selling pressure in many of the stocks, yesterday. Well Just as we had...
As we can see though we discussed BANKNIFTY is getting weaker but no confirmation was seen as neckline of the double top pattern was not breached and hence we can see a better place where BANKNIFTY can show stronger rejection as it is currently hitting its next psychological level and it’s important resistance of 42800-43100 level hence these levels could show...
Daily Learning Day-51 Nifty Daily Chart Analysis. Continuation or Breakdown