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Candlestickpattern

Banknifty is looking good to go long for swingBanknifty is looking good to go long (Plz go through my previous weekly idea of bn) 1. BN retraces after touching 24100 (yellow marked line) 2. Took support and bounced from 23150 level (previously marked; green line) 3. It has breahed 200 dma convinsingly in PDS making a bullish engulfing. 4. A good rally may be seen from here. First target 25100. This is supply zone as well, so bn may show some profit booking. When this level (25100) will breach next target is 26500
NSE:BANKNIFTYLong
by Retailer_ki_dost
#LETSTALKABOUTMARKETS - Tech MahindraTech Mahindra seems exhausted now and is not participating in the Amazing IT rally that we have seen. It can be considered the weak link in the It index even though it has given a wonderful return. Technically TechM has closed with a graveyard candlestick which indicates a reversal in the uptrend. One can enter into a short position around 870-875 with a strict SL of 910 and for a target of 800. It also has a negative RSI divergence as marked in the charts. Do like and comment your views. This is my personal opinion and purely for educational purposes.
NSE:TECHMShort
by je_sh
Inside Candle Strategy using the 20MA (BANKNIFTY)This strategy does not work 100% of the time, but it does offer a good risk reward ratio. If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger your stop loss, hence you should set it just above important levels and not exactly on them.
NSE:BANKNIFTYEducation
by ArcherDAVIS
3
FINEOTEX CHEMICAL LTD: Bullish Engulfing patternFINEOTEX CHEMICAL LTD: Bullish Engulfing pattern. The stock tried A year-long resistance and breached it. Waiting for price action and volume confirmation. Watchlisted for now. “In investing, what is comfortable is rarely profitable.” - Robert Arnott Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
NSE:FCLLong
by rajesh066060