Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment.
Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support...
From a massive fall in February 2020 from 1340 to a low of 235 it has gradually moved up in the process making a Triangle Pattern and has been faithfully following the Support Trend line and has not troubled the Resistance Trend line much until now.It did make an unsuccessful attempt to break the resistance Trend line in Feb 2021 and immediately tested the Support...
NSE:L_TFH Doji pattern in Day
Buy at 89 and Tgt 145 Sl 80
Green lines are adding more indication.
Red lines are targets as per your wish.
Wait with patience this trade will play with your emotions.
validate the charts and enter, strictly for education purpose only.
Best of luck
Stock was continuously trying to sustain above 200 week EMA
2 doji and 1 NRC candles were seen before current candle
Buy above 22.25
Target- 25, 29.5, 34
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Closing Price 15689
- It was on June 01, 2021, when Nifty had touched the channel top at 15660
- Come July 09, Nifty is back to the same levels, however this time it is at lower end of the same channel
So after a month and 9 days basically, Nifty has been running around just to realize that it still at the same place...🤦♂️😒
- Nifty was in the red...
Two days back b.nifty forms a dragonfly doji candle on daily timeframe, followed by a gap up on the next day, now a small pullback towards the trend line.
These indicates some sign of trend reversal going to happen soon.
Today FED meeting going to happen, that reaction will reflect on our market tomorrow weekly expiry, so trade carefully.
I have tried my by best to expalin, How to take trade based on Doji - CandelStick formation in BankNifty.
If still you are not clear, put your queries into comment section.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Nifty View: The benchmark Nifty decided to take a break with a marginally positive close in today’s trading session. The index managed well to sustain above 15,600 amidst a decent degree of short term volatility. Price-wise there has been no damage to the underlying trend of the market and so one should maintain a bullish bias, but better to buy on dips rather...
BUY ABOVE :1567
TARGET : 2329
Reason For Buying This Script :
It is forming trend line & channel line .
In weekly time frame it has formed dragon fly doji formed . It shows buyers are in control .
IF you need high conformation means the price has to trade above 1567 & it should close above 1567 in weekly time frame or else you can buy current Market...
While justifying Thursday’s bullish Doji candlestick, AUDUSD not only bounces off the yearly bottom but tries to regain above 100-day SMA and a three-week-old horizontal resistance. However, daily closing above 0.7620 becomes necessary for the AUDUSD buyers to eye the 0.7700 threshold. It should, however, be noted that the 50-day SMA level of 0.7730 and January...