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Candlestickpattern

TCS faced Resistance at Higher level & Indicator turn negative Hi Trader, TCS faced Resistance at Higher level (see chart) & Indicator also turn negative as well. Bearish view due to below point: 1) TCS faced Resistance at Higher level 2260-2290. Got 3 times reverse from there. 2) TCS will major support at 2030 -2050 price range for good risk reward trade. 3) Big Bearish Engulfing candle form at daily chart . 4) Bearish Engulfing candle form with high volume more than 20 day average. See chart for more detail What Indicator are saying: 1) RSI gone below 50 level . Bear will more control stock now. 2) Force Index oscillator gone below zero level mean bearish trend. Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:TCSShort
by karanwealthape
2
Candle Speak it ALL...no rocket science...MAking trading simple.Speaking Candles: This is a 15 chart of Nifty Bank last Friday session as on 9/8/19. Candles are so accurate when they try to tell us the next upcoming move. So, here we will discuss the candle formation marked in the red coloured box. The first candle is green with a small wick and also closed above last 3 days high. Now why the immediate candle is red. The big scalpers booked profit here and it has a tail which tells us that index is rejecting the down prices. It also means the index deserves much higher rate as of today. Now, lets come to the 3rd and the 4th candle, again both having wicks and one can assume lower price rejection. So hold the longs since morning. Here the 5th candle touches the Daily R1 but has heavily seen buying and closed above R1, Still staying long in the market. Now please observe minutely, 6th and 7th candle. One with a wick is green and one with a tail is red. Here starts the tug of war between the Bulls and Bears. Now 8th and the 9th candle went up as the 7th candle showed lower price rejection. 10th candle again showing lower price rejection which helps the candle 11, 12, 13 and 14 touch the higher resistance. Now think the reverse, we have started getting wicks with the resistance approaching near forming tiny indecision candles at the day's high. What next? Wait for a signal??? Yes indeed. Look at the 17th candle its a dozi and that too at days high and touching the resistance the 4th time. Second confirmation is: look at candles 14 -17. All having wicks near the resistance. So, now one can initiate a Short trade with the SL of the above Green dotted Line. How beautiful the candles speak with us. We just need to understand their language. Max. 2 trades in Index per day are more than enough. Don't over trade.
NSE:BANKNIFTYEducation
by abhijitgujarathi15
2
Nifty View 30 May 2019Nifty Daily chart finds a confluence of 2 different bearish candlestick pattern. First the Hanging Man which formed one day prior to last, low of which was breached. This implies that there is potential in this Hanging Man pattern to work and maybe drag prices on the downside. Second, if we consider the last three candles, then an Evening Star shapes up, and its a pretty clean setup. So essentially, we are looking at two bearing pattern confluences together which can lead to some profit taking. Trigger of fresh selling will come only below yesterday's low of 11,835.
NSE:NIFTY
by Abhijit_Paul
Tata Global : Formed Shooting StarTata Global has formed Shooting Star on a major trend line & it will serve as important level of resistance in future, once price broke this major resistance look for long side opportunities. Entry : Long Abv 220 Stoploss : 205 (Closing Basis) Basic Target: 240 if you have any queries regarding above idea or any other stock feel free to D'M Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
TLong
by TruStox
Price Action Lesson 7: Conditions of a Perfect Shooting StarConditions of a Perfect Shooting Star: . Body is short. . The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star . . The upper shadow (also known as upper wick or tail is the distance between the high price and the close or open price, whichever is higher) should be very tall, over than 75 percent of the Daily ATR(264) is better. . The lower shadow (also called bottom wick or tail is the distance between the low price and the close or open price, whichever is lower) is nonexistent or very short. It should be less than 25 percent of the Daily ATR(264). . The Shooting Star with the bearish body is stronger than the one with the bullish body. . The picture shows a perfect Shooting Star candlestick . As seen, the height of the candlestick is tall, but the body is very short. Also, the upper shadow is very tall and the lower shadow is very short. . The close price is lower than open price, therefore the body of this Shooting Star is bearish , and the strength is very high.
COINBASE:ETHUSDEducation
by ForecastCity_EU
1
RECLTD : Hanging Man!!Marked on the chart are identified Hanging Man candlestick pattern, we'll wait for confirmed weekly closing below same & step-in for opportunities. if you have any queries regarding above idea or any other stock feel free to D'M Announcement : Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Trade assisting Tech. Regular Study Conferences. Collective Fundamental Research. Access to Tools from Trader's Toolkit. & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:RECLTDEducation
by TruStox
Nifty- Nation's Blood- Selling The Tops@11,117Correction - New Blogs can be checked on left top corner as compared to right top corner suggested over the video. Trading Strategy Plan A - Buy in 10650-10675 zone with strict stoploss below 10620 Targets - 10780-10800 / Buy Above 10800 for 10890/10925 / Above 10925 for 10985-11,000 & More only above 11,000 levels. Plan B - You can sell if you see index stopping or halting between 10780-10800 or stops between 10890-10925 or stops between 10985-11,000 Plan C - Sell below 10585 - Should not move above 10625 after falling below 10585 -look for targets 10325-10350 & Below 10300 for 10125-10150. Thanks for watching this video & your precious time.
NSE:NIFTYLong
by WaveTalks
2
Candlestick Patterns Strategy for INTRA-DAY trading.Step #1 How to Identify the ORB Nr4 The ORB pattern is defined as a trade taken at a fixed value of the opening range. The Opening range Breakout trade is more effective if taken after an inside day that has its daily range smaller than the previous 3 days, which is where the Nr4 stands for. You have three candles followed by another candle with a daily range narrower than the previous three days. Step #2: Identify the best candlestick patterns and mark the high and the low of the 4th candle When you search for the ORB Nr4 candlestick chart pattern keep in mind two things: The Daily range of the 4th candle needs to be narrow and smaller than the previous 3 candles. The 4th candle price range also needs to be inside the candle number 3. Step #3: Switch to intraday TF and Buy if we break the high, Sell if we break the low of the Nr4 candle. Step #4: Place SL below NR4 day low, Take profit using a trailing SL or 1:1
NSE:LICHSGFIN
by Four_Forex
1
Reliance Industries downfall is about to startReliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day. So traders you can short RIL today around 1240 keep stoploss at 1260 and target at 1210
BSE:RELIANCEShort
by Anshulamrit