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Candlestickpattern

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
The candlestickUnderstand the buying and selling pressure: You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. Look at the first green candlestick on the left chart, it’s a bullish candlestick right? Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though it’s a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. ⦁ If the upper wick is very long, it simple tells you that there’s a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. ⦁ If the lower wick is long, it tells you that there’s a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. ⦁ If the lower wick is short, it tells your there’s very minimal buying pressure. ⦁ If the upper wick is short, it tells you that there’s very minimal selling pressure. What about the length of the body of candlesticks? ⦁ The longer the body of the candle indicates very strong buying or selling pressure. ⦁ A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. ⦁ Sometimes the candles will have no upper or lower shadows but with very long bodies. These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment. ⦁ In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: ⦁ Next WL – 2 …what if you combine more than one candlesticks? What does it show you?
NSE:BANKNIFTY
by SriTrader5121
PSP Projects AnalysisHey Guys, Here is the analysis of PSP Projects. An undervalued firm, it's a small-mid cap stock however, as per the analysis conducted by my team and I, we've picked this stock. We've got a view from Short term to Long term for this one. Here are the details-CMP- 632.45 Targets: Short Term (upto 2 months)- 701 Medium Term (6 Months to 1 year)- 742 Long Term (more than 1 year)- 805 It would be ideal to have a Trailing Stoploss of 557. (Trailing refers to changing your stoploss as targets are achieved). Let me know what you think about this one.
NSE:PSPPROJECTLong
by ArjitGarg
TCI (Transport Corp. of India)Here's another potential multibagger on our radar today. This stock has an upside potential (Based on various fundamental and technical factors) till 960. However, every analyst (Team of Analysts) have a different opinion. Thus, here we bring to you TCI, aka, the Transport Corporation of India. Here is the detailed analysis- CMP- 803.10 Targets: Short Term (Upto 6 months)- 832 Medium Term (6 Months to 1 Year)- 899 Long Term (More than 1 Year)- 956 Trailing Stoploss- 741 Let me know what you think about this.
NSE:TCILong
by ArjitGarg
2
How to identify a multibagger stock?Ways to identifty a multibagger and a good stock for positional trade: The stock should fulfill the following criteria 1.It should be from a booming sector and the broader index should be uptrending 2.The relative strength of the stock to Nifty 50 should be in uptrend 3.RSI should be above 40 4.The stock should be in a stage 2 uptrend structure (breakout with good volumes + consolidation --> breakout with good volumes as shown in the structure of sun pharma) 5.The stock should have low volume consolidation. Many more examples are there from the realty sector and few from the financial sector and I will be uploading them very soon FOLLOW me to get notified when i upload a new idea Till then, Happy Trading :)
NSE:SUNPHARMAEducation
by keshevdugar
106