Price - 626.85 Dt. - 29.10.2021 It looks like the stock has completed the correction and is ready to resume the uptrend once again. The stock has made a Doji on the daily chart which indicates the reversal. RSI is also normal. If the stock closes in green with good volume on the next trading session then it will be a good candidate for the medium term.
Asian paints is in its major support line and has formed a doji candle on the line. If we see a good green candle this can be a good sign of reversal. This will be a good risk:reward trade with minimum risk and maximum reward. If stock breaks the support line ,don't enter it. If stock bounces from here , this will be a good entry. Look for bullish candlestick...
TCS is showing signs of bearishness.. Reasons/Traits : • Ascending triangle pattern breakout seems reached the target (For this pattern targets usually will be the width of current triangle pattern as shown ~16%) • Daily Trend far away from 200 EMA • Uptrend is in pause mode • Bearish Abandoned Baby pattern (last 3 candles) formation seen (very rarely this kind...
Perfect bearish butterfly formation Equivalen ABCD pattern formation From right to left if u count Candle no 4,5,6 are doji ,, Candle no 3 is inverted hammer Candle no 1,2 are inside candles of candle 3 Candle is bearish marabozu ( open =high)
Reliance is ready for big move… Reasons/Traits : • 0.236 Fib levels support can be seen • Taking support at 13 EMA • Consolidation during uptrend can be seen • Bullish Cross Doji formed today (bullishness) What can happen next : Scenario 1 : If price break 2435 then can go up to 2480/2500/2550/2600/2650 Scenario 2 : Stock if breaks the 13 EMA support and 0.236...
MCX has broken out of its rectangular channel resistance zone of 1900 on the daily chart. The candle formed is a Doji at very high volume. The break out signals are not very clear yet and therefore be wary of buying at the breakout yet. Better to wait for a pullback and buy at continuation.
BTC closed its monthly September candle in the red territory and formed a bearish Doji kind of candlestick after 2 consecutive monthly gains. However, BTC posted a strong green candle in the Weekly TF with 11.71% gains. BTC market dominance is continuously trading in a sideways trend for the last 4 weeks. At the time of writing, BTC is trading around $47,500. On...
After 1 month correction NSE:ACC has formed long legged Doji candle on 100 EMA.. A long-legged doji signals indecision about the future direction of the underlying security's price. Long-legged dojis may also mark the start of a consolidation period.. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend...
UpTrend reversal pattern signals seen in BajFinance Reasons : Daily chart trend closed below 5 MA Evening star candle stick formation seen with today close Earlier 2 inverted cross doji's formed and not activated yet Rally is paused after 31st August Volume Decreasing RSI Decreasing Trend is far away from 20 and 200 MA For healthy uptrend, stock has to test...
Nifty View: Intraday volatility stays on the higher side as the benchmark Nifty index oscillated within a day’s range of 125 points. At a close of 17,386, it was a flattish positive close from the index, up just 10 points. On the daily time frame, we have clear signs of directional uncertainty thanks to formation of Dojis or small bodied candles. If banks...
Nifty View: Intraday volatility makes a comeback as the benchmark Nifty oscillates within a days range of 150 points. At a close of 17,375, the index lost 28 points on a day on day basis and form a beautiful "Doji". Yesterday we spoke about the possibility of an exhaustion gap on the daily charts and keeping in mind today's price action this possibility to be an...
A gravestone doji is appeared 3 days ago in NSE:COROMANDEL . As we know gravestone doji is super bullish candle if it is at the right position in the chart. You can see doji comes after a long downtrend it means now it will show you a upward move upto or above its previous high. Ride this horse with your trailing stop loss.
After five weeks of consecutive gains, Bitcoin is facing a bit of a hurdle from the psychological level of $50K. BTC formed a Bearish Doji kind of a candlestick pattern in the last week and dipped minutely by ~1% to close the week at $48,802. BTC has had a volatile last week due to the August monthly expiry in which $2+ Bn F&O contracts expired. At the time of...
charts gives the indication before the bigger trend starts... nifty started its upward journey by making low 16163 with doji on 11th aug 2021 after that given number of confirmation to add longs... and went on to make high 16702 now again nifty made doji at top and doji low 16672 broken down with confirmation candle given 1st hint of correction than back to back...
nifty made the doji near the top... getting resistance near 16585-620 nifty will be weak below 16550 for tgt of 16480 it will be more weak if breaks down 16480
doji candelstick & mooving average support best buying price
After making a recent High of 690 Glenmark has fallen steeply to the support zone at around 575-590 levels. There is a Trend line support at 581.80 and even today the trend line has provided support in making a Doji type candle signifying indecision by the traders. Now we need a strong Bullish followup candle to make up our mind.
The chart is self-explanatory.