Candlestickpattern
#LALPATHLAB Below 2160, Tgt 2050 / 1960, sl 2260key support levels of 2260 broken on wkly charts
Below 2160, Downward #candleshunting can take the stock to 2050 / 1960
Trend reversal if weekly close abv 2260
Sell below 2160 with SL at 2260
Tgt 2050 / 1960
Risk Reward - 1:2
Bajaj Finserv Weak Candlestick Pattern!Three Black Crows Candlesticks Pattern Formed On daily Chart, The Bears Use This Opportunity To Create Three Consecutive Bearish Candles, Sell Positional ~ 1522, With Stop ~ 1562, For Target ~ 1350, Expected Target Jan Expiry.
Rally Base Drop – Supply ZoneUnlike conventional Price Action Analysis, which relies on countless chart patterns, Supply Demand Strategy focuses only on four high-probability price formations. Rally Base Drop (RBD) is one of the four price formations which lay the foundation of the Supply Demand Trading Strategy.
Rally Base Drop Pattern
RBD is a reversal price pattern, which one can generally locate at market turning points. At areas where uptrends get exhausted and begin a new downward move.
RBD occurs when prices have been rising, and peaking, followed by a sharp drop. This indicates that the sellers are now more aggressive and have overwhelmed the buyers to form a Supply Zone.
Components of a Rally Base Drop Pattern
This formation comprises three parts:
1. Leg-In Candle - Bullish Candle to the left-hand side of the base structure. It need not be an explosive candle.
2. Base Candles - Narrow range small-bodied candles which indicate that orders are potentially being accumulated by the institutions.
3. Leg-Out Candle – Huge Explosive Red candle with a sharp drop in price, which indicates the footprint of Institutional Selling activity.
Steps to Identify a Rally Base Drop Pattern
1. Start with the Current Price on the Chart and go from Right to left
2. Look up and left until you find a strong Drop in the Price
3. Identify whether the formation is an RBD
4. Mark the Zone
When marking the Zone, we need to watch for freshness and the strength of the Leg-Out Candle.
Fresh Supply Zones are those where the price has never retraced after formation, they have the highest probability of having unfilled sell orders.
Strong Explosive Red Leg-Out Candle indicates that supply and demand are totally out of balance and institutions have been aggressive sellers at that price zone.
Trade Action at a Rally Base Drop Supply Zone
RBD pattern is the footprint of Institutional selling activity, formed due to the sheer size of their sell orders. This implies that, when prices retrace back to the area, there is a strong likelihood that there will be a large number of pending sell orders.
After identifying the supply zone, we as retail traders must wait for the price to retrace to the zone. The first retracement to the RBD supply zone is a high-probability sell opportunity. We can initiate a short trade on the pullback to the zone and in doing so participate along with the Institutions to the short side.
Some past examples:
Although RBD is a very powerful supply zone formation, it is highly recommended that one mustn’t trade it in isolation. Combining it with factors like a trend, trend exhaustion and location will improve the odds of the zones working in our favour.
Silver Weekly : BuyMCX:SILVER1! Silver weekly candlesticks settle above resistance and probably forming parabolic moves in near terms. Very good risk reward in current scenario.
Wipro Analysis for swing tradeNSE:WIPRO After some gain Evening Star candlestick pattern is form . Short Sell the stock. Stop Loss 396 and as the stock is in down trend no fix target . Support at 376 .
REETECH - DAY CHART - 24.12.2022 - BAHAVAN CAPITALREETECH INTERNATIONAL CARGO & COURIER as per Day Chart Analysis Stock ABOVE 76 TARGET 78
Happy Profitable Trading to All....
CAMS - Holding at a crucial support 1. This company has a monopoly in this sector and it's a fundamentally strong stock too
2. It has corrected more than 45% from its ATH (All Time High)
3. Current overall scenario is bearish no doubt and therefore entries from swing trade perspective is not valid until it consolidates/ranges for
sometime
4. From investing purpose (which is of long term) it can be accumulated in quantities as per individuals appetite
MOREPEN LABORATORIES - DAY CHART - 22.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES as per Daily Chart Analysis Stock ABOVE 38.20 TARGET 40.20.
Irrespective of consecutive 3 days market in red but today FII Net Buying at 928.63 Cr and DII Net Buying at 2206.59 Cr.
However Spike in Corona Virus with new variant should be watched out next week sessions for the market movement.
Pharma and Diagnostics Stocks may see some sharp movement if variant is a concern.
Happy Profitable Trading to All...
GODAWARI POWER ISPAT - DAY CHART - 22.12.2022 - BAHAVAN CAPITALGODAWARI POWER & ISPAT as per day chart analysis Stock ABOVE 350 TARGET 354.
Irrespective of consecutive 3 days market in red but today FII Net Buying at 928.63 Cr and DII Net Buying at 2206.59 Cr.
However Spike in Corona Virus with new variant should be watched out next week sessions for the market movement.
Pharma and Diagnostics Stocks may see some sharp movement if variant is a concern.
Happy Profitable Trading to all...
Candle Stick Learning Already Given analysis for ICICI Bank. To learn this type of Analysis Follow US. We Start Sharing Analysis from Basic Candle Sticks .
Note: This is only for Educational Purpose . Free No charges.
Banknifty Expanding & Spinning Top Banknifty Expanding & Spinning Top
Banknifty in HH4 position so its probability to take a support 43700
New range 43700 - 43300
If tomorrow start from a support zone its must go upper side and if start from a new HH its must be analysis before trading and if start from same position its going down (Predicted)
PCR above 1 but there is strong chance to take a valid support
Fii strongly start selling
Bearish Spinning Top on daily chart
Look the chart before trading. dont take "one more trade" ..... Story of a successful trader.
Thanking You
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.
JSW ENERGY - DAY CHART - 12.12.2022 - BAHAVAN CAPITALJSW ENERGY as per Day Chart Analysis have chances to move uptrend Stock ABOVE 300 TARGET 305.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All...
STATE BANK OF INDIA - DAY CHART - 12.12.2022 - BAHAVAN CAPITALSTATE BANK OF INDIA as per Day Chart Analysis have chances to move uptrend Stock ABOVE 620 TARGET 623.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All...
DEVYANI INTERNATIONAL - DAY CHART - 12.12.2022 - BAHAVAN CAPITALDEVYANI INTERNATIONAL as per Day Chart Analysis have chances to move uptrend Stock ABOVE 191 TARGET 194.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All...
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.
HIKAL - DAY CHART - 08.12.2022 - BAHAVAN CAPITALHIKAL posted on 07.12.2022 Stock ABOVE 394 TARGET 404. Today 08.12.2022 Stock Made a high 404 and closed at 393.
TARGET HIT
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement.
Happy Profitable trading to all...
GOKUL AGRO RESOURCES - DAY CHART - 08.12.2022 - BAHAVAN CAPITAL GOKUL AGRO RESOURCES posted on 07.12.2022 Stock ABOVE 139 TARGET 145. Today 08.12.2022 Stock made a high 145 and Closed at 136.
TARGET HIT
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement.
Happy Profitable trading to all...
FACT - DAY CHART - 08.12.2022 - BAHAVAN CAPITALFERTILIZERS & CHEMICALS TRAVANCORE posted 07.12.2022 Stock ABOVE 165 TARGET 170 and today 08.12.2022 Stock Made a High 173 and closed at 170.
TARGET HIT
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement.
Happy Profitable trading to all...
AMBUJA CEMENTS - DAY CHART - 06.12.22 - BAHAVAN CAPITAL AMBUJA CEMENTS as per day chart analysis Stock ABOVE 585 TARGET 590.
As such the market is volatile with FII 635.35 Cr and DII 558.67 Cr being Net seller for Today (06.12.2022)
For all the followers and for those who have liked my ideas. I thank them for their support. And i will continue to post the charts.
No matter what who post the charts always analyze before your entry and exit.
Happy Profitable Trading to All...
PARAG MILK FOODS - DAY CHART - 04.12.2022 - BAHAVAN CAPITAL PARAG MILK FOODS as per Day Chart Analysis Stock ABOVE 114 TARGET 117.
Happy Profitable Trading to All...
GPIL - DAY CHART - 04.12.2022 - BAHAVAN CAPITALGODAWARI POWER & ISPAT as per Day Chart Analysis Stock ABOVE 334 TARGET 338.
Happy Profitable Trading to All....
