Asian PaintsAsian Paints Gap wil act as resistance one can plan short below 3000 sl 3100
Disclaimer :- I am not SEBI Registered Analyst Kindly consult your financial Advisor before taking any financial Decisions
Candlestickpattern
BSE - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALBSE is about to Break out and Buy Above 688 and Target 1046.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
CDSL - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALCDSL is about to Break out and Buy Above 1150 and Target 1350.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
IEX - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALIEX is about to Break out and Buy Above 168 and Target 251.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
PTC - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALPTC is about to Break out and Buy Above 84.15 and Target 102.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
HINDALCO - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALHINDALCO is about to Break out and Buy Above 388 and Target 635.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
SAIL - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALSAIL is about to Break out and Buy Above 74 and Target 112.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
VEDL - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALVEDL is about to Break out and Buy Above 244 and Target 440.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
ACCWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SCHAEFFLER India - Tweezer top pattenAlthough there is a clear breakout yesterday (Monday) in this counter (and it came to our weekly radar as Long), today daily it's created a Bearish Tweezer top candlestick pattern.
EPL | Looks good for 15%EPL | Looks good for 15%
CMP : 169
SL : 160
Target : 195
1:3 risk reward setup
Nifty reversal Whenever good bullish or bearish candle are
formed with decreasing volume then most of the
time reversal occur from nearest resitance.
STERTOOLS | Simple channel breakout - Looks potential for 60%STERTOOLS | Simple channel breakout - Looks potential for 60%
CMP : 269 (Dip : 250)
SL : 225
Target : 350, 440
1:5 risk reward setup for first target
MARICO | Reversal inside channel - Looks potential for 12%MARICO | Reversal inside channel - Looks potential for 12%
CMP : 496
SL : 475
Target : 550
Almost 1:4 risk reward setup
NIFTY PRIVATE BANK INDEXNIFTY PRIVATE BANK INDEX have paused at very important levels positionally.
break of current week low, can be very dangerous for the bulls, as private banks hold high weightage in the nifty index.
GBPCAD LongIt seems like market is on 2nd wave now, so i am expecting a good return soo please use trailing SL method and use can use peramiding pattern of taking position to earn more in every next confirmation
happy trading day guys
CHALET | Triangle / Trendline breakout looks potential for 15%CHALET | Triangle / Trendline breakout looks potential for 15%
CMP : 316 (Dip : 310)
SL : 295
Target : 360
1:3+ risk reward setup
XAUUSD LongXAUUSD Long, because of support resistant trendlines and candlestick pattern
happy trading day guys
CNX AUTO: Short the rallyAuto index showing sign of exhaustion. Hammer candlestick near the resistance zone. Short the rally near the resistance is the right strategy in the bear market.
CANDLE PATTERN 2 - BEARISH ENGULFINGPattern name: Bearish Engulfing
Pattern Type : Bearish Reversal
No. of Candles : 02
How to Identify it ?
1)There must be a preceding Uptrend.
2)A short Green candle followed by a long Red candle.
3)The Red candle should opens higher & closes lower than the Green candle.
4)The Green candle should be completely engulfed by the Red candle.
Psychology behind it :
1)The Bulls lose momentum & the Bears take charge and managed to close below the Green candle.
2)It implies the bears have fully override the bulls.
How to trade it ?
1)Look for the Bearish Engulfing at the Top of the Uptrend.
2)Upon confirmation, open a Short position in the 3rd Candle.
3)Place a Stoploss above the high of the Red candle.
MUTHOOTFIN | Consolidation near resistance + RSI - Potential 10%MUTHOOTFIN | Consolidation near resistance + RSI Breakout looks convincing for 10%
CMP : 1374
SL : 1330
Target : 1520
1:3+ risk reward setup
BHARATFORG | Channel breakout - Looks potential for 15%BHARATFORG | Channel breakout - Looks potential for 15%
CMP : 720
SL : 685
Target : 830
1:3 risk reward setup
Shooting Star - Complete GuideWhat is the Shooting Star candlestick pattern?
A shooting star candlestick pattern is a chart formation that occurs when an asset’s market price is pushed up quite significantly, but then rejected and closed near the open price. This creates a long upper wick, a small lower wick and a small body.
The upper wick must take up at least half of the length of the candlestick for it to be considered a shooting star. And, it must appear at the top of an uptrend. As a result, the shooting star candlestick pattern is often thought to be a possible signal of bearish reversal. This means an uptrend might not continue (prices may fall).
Traders should be careful not to confuse the shooting star pattern with an inverted hammer candlestick pattern. They both have a longer upper wick and small body. But the inverted hammer indicates bullish as opposed to bearish reversal. Also, the inverted hammer is often seen at the bottom of a downtrend.
How to recognize it:
i) Little to no lower shadow
ii) The price closes at the bottom ¼ of the range
iii) The upper shadow is about 2 or 3 times the length of the body
What does Shooting Star tells you ?
i) Shooting stars signals a potential downside reversal
ii)A shooting star opens and rises strongly during the trading session, showing the same buying pressure that is seen over the last trading sessions. At the end of the trading session, the sellers push the price down near the open.
or
At the buying climax, huge selling pressure stepped in and pushed price lower. The selling pressure is so strong that it closed below the opening price.
In short, a Shooting Star is a bearish reversal candlestick pattern that shows rejection of higher price.
Before trading with the shooting star, one should remember the following points:
Trade Entry: Before you enter a shooting star trade, you should confirm that the prior trend is an active bullish trend. Entry is below the Shooting Star candle low.
Stop Loss: Place Stop Loss just above the high of Shooting Star candle or above recent high.
Taking Profits: Minimum target is the size of the Shooting Star candle. I generally prefer 1:2 as first target. Best way to ride the move is to sit till any bullish signal is sensed. You can target previous swing lows or support zone.
Examples-
TATAMOTORS
NIFTY
NAUKRI
High Probability Scenario:-
i)Focus on the major Resistance levels, that’s where traders get trapped
When you trade The Shooting Star candlestick pattern, you want to focus on trading the major Resistance levels (the ones which can be seen on the higher timeframe).When a level is obvious and the price breaks out of it, many traders will hop on the bandwagon and buy the breakout (hoping to catch a piece of the move).However, if the price makes a false breakout, this group of traders is trapped, and their stops will trigger strong selling pressure.
Now, this is to your advantage because The Shooting Star candlestick pattern allows you to trade the false breakout and profit from “trapped” traders.
So the more obvious the level, the more traders will get trapped — and you make more money.
Conclusion
So here’s what you’ve learned today:
The Shooting Star candlestick is a bearish reversal pattern that shows rejection of higher prices.
Just because you a spot a Shooting Star candlestick pattern doesn’t mean you go short immediately because you must also consider the context of the markets. Confirmation to go short is always below shooting star candle's low.
Set your stop loss slightly above shooting star candle or above previous highs.
