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Candlestickpattern

$NSE:NIFTY MOVEMENT in the coming week (24th July 2023)NSE:NIFTY fell by 234 points on 21st July 2023 and is now at 19745. It is shy of 255 points to reach the 20K summit. I feel in the coming week due to the positive inflow of funds from Foreign Portfolio Investors(FPI's) and no negative news bothering the Indian economy, NSE:NIFTY will surpass the 20000 mark by 28th July 2023. Even if NSE:NIFTY were to fall on Monday 24th July 2023, it will find support at 19700 level and may move sideways for a few days before it makes a second attempt to scale the 20K peak. Here is the reason why I feel NSE:NIFTY will move upward from 19745 or move sideways at 19700 level. I have highlighted on the chart of how NSE:NIFTY had reached a new high of 19400 on 4th July 2023 and fizzled out. After reaching 19400, it formed successive Red candles and yet it did not slip to its support of 18800, instead it held its ground and was hovering around the 19400 level for 8 trading days before continuing on its Bull Run. As we have seen in Technical Analysis and Charting, History tends to repeat it self and so I feel NSE:NIFTY is going to play out the same way again. 19700 support is marked in light pink. 19400 support is marked in crimson red.
NSE:NIFTYLong
by Aryan_Devaiah
Candlestick pattern: Shooting starShooting Star is a bearish candlestick reversal pattern. It signifies the end of an uptrend and the potential start of a downtrend. Its opposite is the Morning Star. When analyzing this pattern, we should observe if the confirming candle closes within the lower third of the range formed. This condition acts as a filter when deciding whether to initiate a trade or not. This filter makes sense because a stronger confirming candle indicates greater rejection of the uptrend continuation, thus increasing the likelihood of the pattern's success and the formation of a new downtrend. On the other hand, if the confirming candle does not close below two-thirds of the range formed, it could indicate weakness in the direction of the trend and decrease the probability of the start of a new downtrend.
NASDAQ:AAPLEducation
by FinanzasTip
The importance of using different TimeframesWhen visualizing the market and conducting technical analysis, it is crucial to interpret different timeframes. Multi-timeframe analysis can enhance the probability of success in our trading by utilizing support and resistance levels from higher timeframes than our base timeframe. It is also useful for identifying candlestick patterns in other timeframes and assessing their alignment with other signals observed in our analysis.
BMV:CEMEX/CPOEducation
by FinanzasTip
Chart pattern: Head and Shoulders (H&S)The Head and Shoulders, from now on referred to as H&S, is a chart pattern used in technical analysis of stock markets. It is a pattern that indicates a reversal, signaling the end of a trend and the beginning of a new trend in the opposite direction. It is one of the most important and widely used patterns due to its high reliability and the number of required implications. However, this does not mean it is infallible, as its success rate is around 70%. Regarding its potential projection, if the price breaks below the support line after the formation of the Right Shoulder (RS), the range between the maximum price of the Head (H) and the support line is measured. This distance is then applied to the breakout point, as shown in the image, to obtain the minimum pattern projection.
Education
by FinanzasTip
BankNifty Future Analysis for Today 19th April 2023#BankNifty Future Analysis for #Today 19th April 2023 As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly. Zero Line (Previous Close): 42335.50 #IntradayLevels #Bulls can be active above: 42435 For the Levels Above R1 = 42543 R2 = 42690 R3 = 42817 #Bears can be active below: 42242 For the Levels Below S1 = 42039 S2 = 41874 S3 = 41663 Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future #NiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline #15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
NSE:BANKNIFTY1!
by MarkitVUE
Nifty Pharma- Three White Soldiers BULLISH REVERSAL!Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023 With the Week gone by, Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart This has MAJOR IMPLICATIONS (Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.) What Does This Mean for Investors & Traders? - Money is flowing back into the Pharma Sector and Stocks - There is a Trend Change of the previous Bear Trend to start of a New Bull Trend - In addition to the Candlestick Reversal Pattern, Price has also given a Trend Line Breakout (marked as Dotted Trend Line on Chart) which is another sign for a Trend Reversal Hence, Bulls are now chasing the Pharma Sector so if you want to make Money on the Long Side, this is the Sector to be in ! .......................... FYI: I have already shared a Bullish Stock Pick within the Pharma Sector in my Related Ideas below. Check it out to know more.
NSE:CNXPHARMALong
by T_Harth
✻ BOTTOM FISHING PICK #4: JUBLFOOD ✻✻ Bottom Fishing Pick #4: JUBLFOOD ✻ 📌 It’s important to build our own portfolio to create wealth. I have found some ❝exclusively original and unique patterns❞ which will help you to generate the assets. Here, I have posted one of my favourite 💕 chart patterns. Please check the description section for entry ✎ and target ₪ levels for given stock. ☆ Kindly like 💗 & share ➥ this pattern. Comment with what do you think. Follow me @ Tradingview for more updates!!! ☆ Please ✉ or ☏ me for any queries and to get free Telegram channel access for more interesting patterns ↝ and analysis. 📌 Buying Level: Entry: ▲ 470 SL: ☢ 410 Target: ➚ 650/820/920 Thank you. Happy Trading!!! Best Regards, 𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧 𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮. ✬ Disclaimer ✬ -------------------------------------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------
NSE:JUBLFOODLong
by Profitable_Traders
Shipping Corp of India SCI - Short term one can look for short term positional trade in SCI, the candle stick pattern look like mother & baby candles, where all the smaller red/green candles are within the Mother (green big candle) with very narrow range movement, the volumes of Mother candle are exceptional & that of the baby candle are very low, making it an ideal pattern...one can enter on BO above mother candles high or at CMP with a SL of Mother Green candle low. Disc : Invested for medium term from lower level, not a reco for Buy or sell but for study purpose. DYOR.
NSE:SCILong
by amjai85