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Candlestickpattern

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
ALBK -Magical Words-Sim Sim Door opened@66 for 80+ & H&S PatternWe continue with ALBK (Allahabad Bank) as suggested in the previous post that we can plan to buy ALBK if it comes close to 65-66 Zone- Traders should look to buy if it remains above 65 which was our stops downside I have updated previous post twice when it was close to 65-67 Zone - Please say - "khul ja sim sim" the magical door opened & obliged us by holding above 65 -an important level. How this magical word was connected with Technical Analysis. Double Bottom Trendlines Bullish Candlestick pattern Head & Shoulder Double Top next at 73.50 levels - these are magical words - Sim Sim for an analyst in the world of Technical Analysis. Now, let the journey continue above double top@73.50 with post breakout above Head & Shoulder Pattern. Target Measurement Measure the distance from head bottom to the neckline - keep the same distance (in our case it is vertical red trendline) above the neckline so we get target as 79-80 Next. Trading Psychology / Investment Psychology Set of few questions as mentioned below by Dr. Van K.Tharp, which can help in becoming a better trader are "(1) To recognize trading opportunities, (2) To organize your investment information and manage risk, (3)To wait for the right opportunity, (4)To avoid failure thinking, (5)To prevent your personal life from interfering with your investments, and (6)To be responsible for your investment. In addition, the test measures (7)The extent to which you invest to make money compared with other investors and (8)The extent you have defense mechanisms that prevent you from becoming successful. Finally, you can compute an overall percentile ranking which allows you to compare yourself to other investors in terms of your overall investment psychology skills." Clearly, this is valuable information. In fact, simply filling out the form can provide real insight, This can be of real value or insight if Dr. Tharp delivers the analysis for above set of questions - Does he? For this you can refer - Book -Invest Psychology Inventory by Van K. Tharp or You can read the book - " Trading Beyond the Matrix" by Van K. Tharp. Previous Update - Lawyer back in courtroom
ALong
by WaveTalks
6