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Candlestickpattern

GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern. You can use this opportunity because it has a very good risk to reward ratio. Entry: Long above ₹389.80 (the high of the bullish engulfing candle) Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern) Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Remember, trading involves risk. I can't guarantee that this trade will be successful. Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
NSE:GSPLLong
by piyushbafna000
Tata Communication | Breakouts or Fakeouts ? ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Supports ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:TATACOMM
by ReviveTraders
Exide Industries Breakout & Retest | Swing Trade IdeaExide Industries has recently broken a counter trendline and is currently retesting the breakout level. The stock has also breached the mother candle, but it remains inside a parallel channel that could act as resistance. Keep an eye on how the price reacts within the channel – a breakout above could open up new opportunities, but the channel resistance may cause hesitation. Manage your risk and stay aware of the overall market structure before making a move.
NSE:EXIDEINDLong
by Averoy_Apoorv_Analysis
2
Bajaj Consumer - Rounding PatternThe "Rounding Bottom" or "Saucer Bottom" chart pattern is a technical analysis indicator that can signal a potential bullish reversal in the price of a stock. When observed in Bajaj Consumer's stock chart, this pattern suggests that the stock may have reached its lowest point and is poised for an upward trend. Key points to note that when bullish curve started, started with Morning star then bullish piercing and finally bullish engulfing. Lows of the bullish candle indicate that the market has bottomed out. Key Characteristics: Shape: The pattern resembles a "U" shape, indicating a gradual shift from a downtrend to an uptrend. Duration: It typically forms over a longer period, often several weeks to months, reflecting a slow shift in market sentiment. Here it takes more a year Volume: Volume tends to decrease at the bottom of the pattern and increases as the price begins to rise, confirming the potential reversal. Implications for Bajaj Consumer: Market Sentiment: The pattern reflects a shift from bearish to bullish sentiment among traders and investors. Entry Point: Investors might consider entering a long position as the stock breaks out from the rounding bottom pattern, signaling the start of a potential uptrend. Target Price: The expected target price after the breakout can often be estimated by measuring the depth of the rounding bottom and projecting it upward from the breakout point. How to Trade: If Bajaj Consumer's stock shows a rounding bottom with the lowest point at ₹200 and the breakout occurs at ₹260, the depth is ₹60. Hence, the target price could be around ₹320 (₹260 + ₹60). Regards Arvind Yadav, Cfa Arvind Share Academy
NSE:BAJAJCONLong
by Arvind_Share_Academy
JUBLFOOD formation of Double BottomDouble bottom chart pattern formed in JUBLFOOD and pattern will active only after break and close above 470. It is also important to note that JUBLFOOD is bounced back from prior support level with formation of bullish candlestick called Hammer. Price is also pierced the downtrend line and currently price is consolidating near neckline. We have also found inside bar pattern near the neckline, if upside breakout is sustained then we can get sharp up move or else pattern will be invalid.
NSE:JUBLFOODLong
by Arvind_Share_Academy
Broken Out StockAfter Huge rally in the Market and most of the stocks are at all time high and given decent return what next? Sectoral Change is most important aspect to keep in the mind. Here, is one of the most potential stock with decent upside of 40% around as stock was slide almost 60% from ATH and now we can see the in the chart it has bottomed out and also brokenout and ready to rally as mentioned it in the chart the view is just educational purposes only. Investment and Trading is Highly risky in nature so please take independent advice before investing.
NSE:METROPOLISLong
by Influitive_Capital
RCF - Head and Shoulder Chart PatternRashtriya Chemicals and Fertilizers Limited (RCF) has formed a bullish chart pattern called Head and Shoulder. Chart structure is bullish in every point of views like in a daily chart pattern you found RSI above 60 and also above 200 EMA is a very positive signal of uptrend. Head is formed at very important zone which act as a resistance for than a decade almost (14 years). After successfully breakout of important resistance now price retest that level and formed strongest support zone with bullish piercing candlestick in daily timeframe. Change of Polarity, Prior resistance become support. RCF buy above 148 Stop Loss below 142 Target 163 and 186
NSE:RCFLong
by Arvind_Share_Academy