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Candlestickpattern

Auropharma – 831 to 750 - A crack!Auropharma – 831 to 750 What a crack! Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018. If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true scenario for an analyst. Flashback Overnight (As of 4 - 6th Dec 2018) , Auro was moving within rising wedge –a common term used by traditional analyst until I came to know about wave analysis where the same structure was termed as “ending diagonal” – a overlapping structure which indicated that the upward structure could be ending soon. Rising Wedge When a financial instrument (which could be stocks, forex, commodities, bonds etc,) price has been rising over time, trendlines drawn above and below the price chart pattern can converge to show a potential reversal point at a peak. This reversal point can indicate a bearish price point signal in which the security’s price is subsequently expected to reverse lower. In our case the peak was 831 High and we got excellent selling opportunity close to the peak at 825-826 zone – High was 826.70/826.80- rest is the history Target achieved – 794 as suggested over the video with small pause and breaks at 815 -810 zone. This pattern is used by traditional analyst and wave analyst Books – Technical Analysis -Edwards and Magee ,Wave Analysis - Frost and Prechter Polarity Reversal = History Repeats What happens is that history essentially repeats itself, but the role of price at that level changes from resistance to support and vice versa. Polarity Reversal concept explained in my favorite book which was the first one I referred for the journey of technical analysis written by – Edwards and Magee. Important Polarity Reversal zones in last week 790-792 777-775 Candlestick Analysis Evening Star – 3 candlestick pattern as suggested in the book – Candlestick Analysis by Steve Nison Steve Nison – Father of Candlestick Analysis. Book – Candlestick Analysis by Steve Nison Harmonic Analysis Bearish Crab - Excellent Harmonic Structure occurring at 831 was an amazing clue Book - Harmonic Analysis by Scott Carney Trendline / Channels Book – Technical Analysis by Edwards and Magee is the reference book. Financial Astrology Term used by financial astrologer- “Retrograde” was also updated in previous video idea of the Nifty Index – “Mercury, Markets and Mayhem below 10800” – Mercury retrograde runs till 6th Dec 2018 – if you haven’t gone crazy – don’t worry market will make you crazy. Note- As updated/suggested on 29th / 30th Nov 2018 in last Nifty Video Idea comment section –we expected to be cautious from 10950-11000 zone which was danger zone What type of analyst are you? You just had to pick and execute –rest you were bound to enjoy the markets. Finally, It was kaka’s blessing directly from Bollywood (Kaka – Late Rajesh Khanna) – stands out to be real tribute to this Bollywood actor in the creative way (audio clip) as updated in last video idea. Thanks.
NSE:AUROPHARMAEducation
by WaveTalks
27
Morning Star Candle Stick Pattern in Yes BankOn Daily Chart , Yes Bank has formed Morning star candle stick pattern , Which is considered Bullish . Additionally Stochastic RSI indicator is in Over sold region and its signal line has generated Buy signal. Moreover it has crossed & closed above Rs 167 which has served as strong support during previous two fall. It is going to give a good up move if it is able to close 179 ( it would be breakout) . Please comment. Declaimer : This analysis is for education purpose only. Consult your financial adviser, If you want to trade.
NSE:YESBANKLong
by nirmalmishra
Views on BANKNIFTY on NSE (INDIA)This is weekly chart of BANKNIFTY on NSE (INDIA) with CMP @ 25,737.50. Critical analysis/observations as mentioned below suggest that we may take short term bullish view: 1. Price was following a rising channel from December 2015 till price broke down in Sep 2018 as indicated on chart. 2. During rise in price (MARCH 2018 to AUGUST 2018), it can be seen that it failed to go up and test upper end of the channel which indicated loss of momentum. 3. Strong support @ 23650 has been marked on the chart. 4. Bullish kicker has been formed in OCT 2018 and price has shown reversal from 78.6% retracement level as shown on the chart. 5. New probable channel has been drawn which price is likely to follow (Marked on chart). 6. Stochastic RSI is in oversold area and has indicated bullish crossover. 7. However, it is likely to face stiff resistance to enter the previous channel. In view of above, immediate target can be considered at 26,600 which is middle of probable channel shown on the chart.
NSE:BANKNIFTYLong
by DEVERAMA
An investment idea in DIVISLAB on NSE (INDIA)This is weekly chart of DIVISLAB on NSE with CMP @ 1477.80. It seems to be an excellent scrip for long term investment based on following observations: 1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections. 2. Price has broken previous high made in Sep 2016. 3. Support zone has been indicated on the chart based on price action. Price after testing the lower end of support zone, has formed bullish kicker in the last week with substantial rise in volume. 4. MACD indicates bullish view. Price seems to be all set to go past 1800 (upper fibre of rising channel). Hence, it looks good from investment perspective with initial stop below 1324 (below bullish candle of last week on closing basis) and ride the trend. Happy investing...
NSE:DIVISLABLong
by DEVERAMA
An investment idea in MARUTI on NSE (INDIA)This is weekly chart of MARUTI on NSE (INDIA) with CMP @ 7165. It seems to be a good investment opportunity in this scrip based on following observations: 1. During the week starting 10th July 2017, there was sharp fall in the price and then immediate recovery in the same week. It entails that huge demand surfaced in the week. Again the same level has been tested on 8th Oct 2018 and 22nd Oct 2018 before it indicated reversal. (these points are marked on the chart with arrows). 2. Price retraced to key level of 61.8% on Fibo before it is showing reversal as shown on the chart. 3. Double horn formation can be witnessed during 22nd Oct - 29th Oct 2018) 4. Price came quite close to EMA200 before showing reversal post consolidation. Similar price behaviour can be seen on the chart earlier during 29th Feb to 4th April 2016) before major bull run in this stock. 5. Bullish divergence is also witnessed on RSI as indicated/marked on the chart. In view of above, it looks an excellent stock for investment perspective with Stop@ low of previous low.
NSE:MARUTILong
by DEVERAMA
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