Doji
Tata Motors DojiA perfect doji is formed on chart when stock is it's highest in recent times. Not a good sign as stock seems to have refused higher price
HINDCOPPERHindcopper looking bearish after forming a DOJI and bearish MARUBOZU at the top of the trend.
🪕 bank nifty daily candles observation last 3-4 days Daily candle stats
indecisive / rangebound market
buy in dips - book at high - repeat
note - dont buy near day high
dont sell near day low
BUY BNF IN DIPS AND BOOK PROFIT ON RISE.
disclaimer - trade @ own risk
PNB | Double Bottom & Accumulation zone 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕
--Buy Above =35.85 or CMP
--Target = 56.75
--Stop-loss =30.20
--R:R = 3.7
--Expected Profit = 58 %
--Expected Holding = 3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) pnb is in range now & having a really high volumes after the fake breakout
2) Kind of a double bottom & accumulation zone
3) Trendline is also broken
4) target is somehow based on resistance zone as well
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
IOST SHORTIOST is has been pumping insanely trying to benefit from pullbacks which will also be INSANE!!
Trying for a 7% gain with short position after the decision Doji was printed on 12Hour time-frame
Nifty 07Jan'21: Chance for Bears NowUnderlying momentum of the index slows down with a complete flat close from the benchmark Nifty50 in today’s session. A good-enough “Doji” on the daily chart clearly suggests quite a bit of tug of war between bulls and bears at the current juncture. Now on the 75min chart, prices have so far behaved quite as per our expectations. A short-term bounce back has resulted in a retest of channel’s lower border which now acts as resistance. If the index fails to find itself back within the channel, then expect some correction for which a major trigger will be a breach of 14,100. Expect some volatility and so I’d suggest to trade cautiously tomorrow.
Trade Well. Trade Wise.
Tata motors | Trend line support | Breakout & Retracement 25%+🎯⭕ Positional Trading opportunity ! Daily Chart Alert !!! ⭕
--Buy above =159.10 or CMP
--Target = 199.55
--Stop-loss = 143.75
--Lot Size =5700
--R:R = 2.64
--Expected Profit = 2,28,000 ₹ per lot (25 % )
--Expected Holding = 2-3 day only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Trendline support
2) Resistance breakout & retracement is done ...perfect time to buy
3) doji formation at support with high volume
4) Target is based on the nearest resistance
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
KOTAK BANK | Doji Pattern with Really High Volume 🎯NSE:KOTAKBANK
Swing trading opportunity ...4hrs chart alert !!!
👉👉WAIT FOR RETRACEMENT OR TRADE ACTIVE RECOMMENDATION👈👈
--Sell below =1850
--Target = 1740
--Stop-loss = 1915
--Lot Size = 400
--R:R = 1.68
--Expected Profit = 43,600 ₹ per lot ( 6 % )
Technical Reasons to trade :- 🧢
1) Kotak bank has breakdown the support area .
2) Volume is ULTRA high in DOJI candlestick pattern.
3) trendline is already broken as well as support zone .
4) All the possible support & resistance is mentioned on the chart.
Guys check out the related ideas as well, it will worked really well !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
TATAMOTORS Gonna Descend ?TATAMOTORS gave a breakout on 4-year weekly trendline and currently its trading near the upper trendline of the parallel channel on Daily Chart. It has formed a Doji candle on Weekly chart and volume has been decreasing for the past three weeks. It may correct from the current levels either to the lower trendline of the parallel channel or to the 200 DMA/EDMA levels before it resumes its upward journey.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
🔣NIFTY NOVEMBER EXPIRY STUDY - 30TH OCT - 26TH NOV 🔣STUDY OF NOVEMBER EXPIRY
30TH OCT - 26TH NOV
ALL RED CANDLES EXCEPT YDAY'S N TODAY'S ARE
ALMOST DOJI CANDLES
giving some thought to this pattern :-
TILL 24TH NOV - WE CAN SAY BUYERS WERE IN FULL STRENGTH
AS EACH DAY WHEN THE DAY HAD SELLERS STRENGTH
AND CANDLE WAS TRYING TO CLOSE IN RED BAR
BUYERS CAME IN N PULLED IN EQUAL STRENGTH
WHICH LEAD TO DOJI CANDLES
YDAY AND TODAY'S CANDLE IS NOW SHOWING SOME DIFF SCENARIO
WHERE IN SELLERS SEEMS HAVE GOT MORE POWERFUL
BUYERS SHUD HENCE STAY A BOT CAUTIOUS WITH THEIR STRICT STOP LOSS
AS ITS KNOWN
" HIROSHIMA & NAGASAKI WERE DESTROYED IN A DAY"
note - just an observation
EICHERMOTOR, 1D, FUNDAMENTAL + TECHNICALS (FUNDA-TECHNO)EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace back from 2300 and again start moving in Channel or it may break 2300 level and fall more.
PS: SHORTING ONLY BELOW 2500.
NIFTY VIEW For 23/11/2020 - Hourly Time FrameNifty broke down from the TL and has given a pullback towards the TL, on hourly chart it has formed a doji an hourly close below the low of doji will confirm lower high and can take nifty to 12730 levels and below that to 12626 level which is also the fib 23.6 level and a good support zone, view gets negated with an hourly close above the Doji high which will take nifty to previous high and above
Jindal Steel at the breakout level : Good to buy above 204Jindal steel might be next metal stock after JSW steel which can give good gain in coming days as metals are performing well.
Currently trading at 202, if breaks 204 and sustains swing buy can be initiated. SL to kept at 196 for the target of 217 (gap border), 230 (trendline resistance).
Evening Star pattern in Escorts.Escorts like any other auto stock is on a strong uptrend. But now it shows signs of possible pullback. Reasons:
1) Upper line of the channel.
2) Evening star candlestick pattern.
3) New high not accompanied by high volumes.
TGT: 1200 SL: 1312 (High of the red candle)
most simple setup but ignored as market was much down-a buy confirmation was there but market -(24-9-2020) was not in favour , it was 1 % down already
simple strategy with with simple price action thoughy
HIGH AND LOW OF FIRST CANDLE IS NOT THE SECRET
BUY TRADE IN CHOLAMANDALAM FINANCEDOUBLE DOJI FORMATION IN SUPPORTAREA INDICATINGLACK OF SELLERS.BUY TRADE CAN BE INITIATED
FROM HERE
RVNL Trading near Channel SupportRVNL has been trading near the channel support level and it has formed Doji candle in the last session. A Doji candle in the downtrend signifies bears might be running out of strength. If it gives a breakout with Good volume, a potential upmove is implied.
NIFTY makes new low! Correction ahead?Nifty - Technical Analysis:
-Nifty was down 193.60 points or 1.68% at 11333.90.
-Price below the trendline and made a new low after previous Monday.
-Nifty could not revive the gap-down and closed low forming a doji. Resistance level at 11450. Further selloff to 11250 exptected.
Market - Driving Factors:
-All the sectoral indices ended lower with metal index down 3 percent followed by the pharma, bank, infra and energy
-Axis Bank, Tata Steel, JSW Steel, Adani Ports and SBI were among major losers on the Nifty, while gainers were Maruti Suzuki and Zee Entertainment.
-The rupee is likely to appreciate further, versus the US dollar, towards 72.80 and 72.40 levels, after the RBI’s indication that rupee appreciation could reduce imported inflation in India.
-Today's selloff came after NASDAW plunging 5% and major US tech companies correcting.
Nifty - Outlook for Monday, 7th September:
NIFTY making a new low is a bearish sign. Doji formed in daily chart indicating indecision in market, indecision after rally often leads to corrections.If Nasdaq recovers we could see some positive indication else further selloff expected.
