1. Doji is indication that bears and bulls are equal strong and the winner moves the trend direction.
2. We are again seeing the dojis at the same level 16200 which indicate the bears are at breathe and trading range may get formed if the nifty does
not break the support of 16200 this week.
3. trading range is 16200 at lower point and the 16800 levels can...
Nifty is forming sort of Doji Candle near Resistance Zone.
It will be important to sustain above 18120 for Bulls to show some strength towards All time high zone of 18600.
Short Trades can be initiated below 17600.
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
NSE:INDIAMART is very good good stock from B2B space
from the levels of 9700 stock has been corrected more than 50%, mostly this pressure is due to FII selling
but now sentiments has changed, and also company offering good valuations
yesterday in daily time frame stock has made doji and today it breaks it's high.
it is very good opportunity to add this stock in...
Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis.
we have 3 methods to identify price action with candlesticks.
1.One Price Bar (Pin Bar)
2.Two Price Bars (Inside and Outside Bar)
3....
Titan pin bar and double top intraday given a free fall from 2380 to 2325
During the intraday if one develops the habit of reading candlesticks and patterns
than the dependency on indicator will reduce and more clear picture of movement can be seen
without confusion
loading of many indicators makes difficult to take action..
keep your chart clean and neat......
Good Morning!
Uncertainty is still there, doji formation is a clear cut indicator of a Fight between the buyers & the suppliers.
As we said yesterday, similarly we had seen high volatility in the market in the last trading session.
Cautiously participating in this crucial week will be a better idea along with the following of stock specific strategy.
Nifty...
Nifty View: Some severe volatility from the Nifty on the very first day of this week – the index oscillated within a wide range of more than 250 points in today's session to post a close at 17,208, a day's loss of 69 points. The fact that it closed negative is not a surprise as the underlying trend is down, but it was the degree of intraday volatility that was...
Cholamandalam Finance & Investment Company Ltd - 11.02.2022
The stock is trading @ 680 levels
There is a SPINNING TOP & DOJI in Daily Chart
The prices are above EMA
There is a MACD Bearish Divergence in Daily Chart
There is a RSI Bearish Divergence in Daily Chart
Let the prices go below 671, one can initiate a sell position with support @ 684.40
Watch out...
NIFTY ..in my last idea of about nifty...i shown on daily chart doji candle formation after bearish trend when nifty at 17100 ..this doji candle was sign of trend reversal before bullish trend starts. last 2 days we can see this actual trend reversal on nifty in form of 2 GREEN CANDLE back to back of last 2 trading session nifty turn bullish..last 2 session we...
NIFTY on Daily Chart trend reversal doji candle seen at todays closing.. Trend reversal doji heikin ashi candle ..found when trend set either bullish or bearish ..and traders indecisive about current trend. last few days nifty corrected around 1000-1200 points from high 18400 now at 17100 bottom was made around 16800 that trend was confirm bearish but last 1-2...
Mkt on the longer ( 1 day) time frame completed the retracement from 61.8% to 50%. The closing candle is a DOJI with a red body. Lower wick is suggesting support at 37840-37770 levels and resistance at 38100-38200 levels. Coming 2 days Thursday and Friday candles should help us determine the longer trend of the market. Either it will break and start going down to...
AUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day. RSI retreat adds strength to the latest declines, suggesting further weakness towards an upward sloping support line from December 20, around 0.7150. During the pair’s weakness past 0.7150, the 0.7080 level may offer an...
RELIANCE INDUSTRIES a per daily chart analysis stock above 2380 level for a target 2400 level. Resistance are at 2406 and 2474. Stock Below 2357 level for a target 2347 level. Support are at 2340 and 2311 Level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to...
reliance has taken the support from the r1pivot in the weekly time frame and frome doji candel and green candel , in daily time fame there rsi divergen so iam bullish on reliance . if you like my idea please like and follow
Today we observed dead cat bounce after yesterday's sell out,
OI data suggest call unwinding and addition puts at 17000, it could be based on reversal rally.
one shouldn't take upside position until it holds above 17000, 16900-17000 level imply crucial resistance.
We are in a state of conundrum, that can be seen through doji formation at daily time...
