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Candlestickpattern

LONG in KOTAKBANK on NSE (INDIA)This is daily chart of KOTAKBANK (CMP : 1132.15) on NSE (INDIA). In my opinion, it's a good opportunity for a long trade. Opinion is based on following observations on the chart: 1. Support zone has been marked on the chart which is indicated by multiple supports/resistances using arrows. 2. Trendline drawn on the chart has been tested several times (marked by arrows) 3. Bullish kicker has been formed on 2nd Nov 2018 after testing support accompanied with substantial rise in volume which is a strong reversal sign. 4. RSI has taken several supports at 40 and this time also, it shows reversal from 40 accompanied with bullish kicker as mentioned in preceding point no. 3. In view of above, it could be a long trade with Stop @ 1198 (below swing low) and immediate target could be 1180 (forthcoming resistance) Happy trading....Your view points are valuable in cross learning.....
NSE:KOTAKBANKLong
by DEVERAMA
Nifty 50 ( BULLS Vs BEARS) Daily Chart candlestick AnalysisNifty -0.14% index opened gap up Last week on Friday but witnessed some selling at higher levels and corrected towards 10451 zones. It formed a Spinning Top candle on the daily scale which means that bulls are not loosening their grip but 1st Time bears are putting pressure at their Strong Zones which was expected. It has been making higher highs from last ten consecutive trading sessions Now if it negates this formation, then only a pause in positive momentum could be seen. It closed the week at a crucial 10480 zones and a decisive hold is required to extend its up move towards 10496 then 10562 while on the downside supports are seen at 10425-then 10390 levels. What would BEARS Do in his Next Attack on BULLS??? Stay Connected for more Fight Analysis of ( BULLS Vs BEARS) Please Like, Share, Comment, Follow your Views Thank you, God Bless You Sachin
NSE:NIFTYEducation
by Sachin_Ghodke
1
Nifty50 ( BULLS Vs BEARS ) Daily Chart'Nifty index opened Gap down breaching previous Lows of 10077 and made new low 10049 in near psychological 10000 support area , sustained buying pressure from lows near about 100 point rally up to 10155 recovers Bulls in Action and tried to stand still against bears positively. Bears Tried to drag down Bulls in last Session but Bulls managed to Hold the Fight settled down. Nifty50 Index on daily chart formed inside Bullish Candle but not surpass the Engulfing pattern near Previous Swing Lows with 200DMA support. Now if Bulls lift up with its power with yesterday recovery then the hurdles for index are 10168-10198-10222 zones and supports at 10090-10035-9990 Please Like, Share your Views Thank you God Bless You Sachin
NSE:NIFTYEducation
by Sachin_Ghodke
Escorts Weekly ChartNSE:ESCORTS As We can see Escorts had a Top around 750-770 levels where it formed a Bearish Engulfing Pattern(Marked Area). Now at the same Area It made a Reversal Candlestick Pattern called Shooting Star(Marked Area) with Volumes above Average. That Pattern is also called "Falling of the Roof(Steve Nison)" which touches targets in fast momentum. Risk:Reward looks favorable. So Entry Should be taken below Shooting Star Candle's Low with a close above it as Stoploss and Recent Low as Target. See chart for better understanding. Sell Below 720-718 Area With SL of 790 (Closing Basis) and Target of 610-630 Area
NSE:ESCORTSShort
by abhishek72457
Auropharma-FBO Agent-Forgot about Night Glasses-Cracked 697-670Hatrick!!! – Watch Earlier Connecting Videos mentioned in the post. Good Morning Fellow Traders! Wishing all of you a happy, prosperous & peaceful 2018 – Do take care of volatility which will be part & parcel of this year- Learn more about stop losses – It is always better to cut your losing trades & carry your winning ones. Yes, you heard it right- FBO not FBI Agent – False Breakout Offender (that’s what this fellow seems to be) Excited to come up with the first video of 2018 – Cunning Fellow Forgot about the Night Glasses I was wearing – How he can assume so that I won’t as I talked about stars before night is about to fall at 697-698 in previous video- Selling top@690-650 Boom & Star before Night Falls@697-698. Check the Video Below Key Level 697-698 – Magical one gives 677 in 1st attempt – I closed the update- bounces above 700 –deceives traders but not me as I was wearing night glasses all throughout the journey. Why Night Glasses- we all know it helps to see properly incase of starburst or halos situation. Halos – circular light above the holy saint which cannot be seen through naked eye. One thing very clear –this fellow when it broke above 795 first time- I came up with the update –False breakout above 800 trying to tell you something Check the Video Below Auropharma is serial offender of doing false breakouts- Earlier above 795 & this time above 697. I warned as well that be careful below 697-698 – Next time don’t forget to wear your night glasses. So Lets begin!.. Note --- Words / Alphabets /Pharses used in the text / video is not to hurt the company / individual person. This is a piece of analysis & writeup.
NSE:AUROPHARMALong
by WaveTalks
18