View on NIFTY➡ Nifty took support from the demand zone
➡ "Bullish Harami" has formed above the support
➡ Right now Nifty at a correction phase
➡ Nifty needs to break the channel to go up
➡ Due to Covid situation Nifty showing some weakness
➡ Hence, Nifty may fall
⚪ NIfty needs to close above 14938 to go up further
⚪ 14281 is a strong support
⚪ If it closes below 14281 next support will be at 13760
🔴 DISCLAIMER : This is just for educational purpose....
Candlestickpattern
HDFC Bank - Ready to lead Bank Nifty again ?Stock has given bullish signs on Daily candle. Also taken support at long term Trendline today.
If stock breaks 1500 then go long with SL of 1460 and target of 1525, 1565 in coming days.
P.S. Trade in small quantity as per your Risk Management as its a risky bet considering recent volatility
Falling Wedge Reversal Pattern!The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. Buy for 857 with stop loss close blow 600. A major registration is formed on 857. After it broke we will see a long boom in it.
Apollotyre | Sandwich Candlestick Pattern spotted 🎯 EDUCATIONAL POST
⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy above =244.20 or CMP
--Target = 293
--Stop-loss = 225
--R:R =2.65
--Expected Profit = (20% )
--Expected Holding = 1 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) stock has formed sandwich candlestick pattern
2) Volume is very high
3) stock has just crossed 200 ema
4) Target is based on resistance zone at all time high
5) there is a trendline support as well
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