Doji
SRF LOOKING GOOD ABOVE 4330SRF gave breakout on 18Aug and next day formed a doji. But,it succeded to hold the level of (4270-4260). Looking still positive, good buy above 4330 for upper targets
Trend line support and DragonFly DojiStrong trendline support
Each time it came near trendline it took to support, formed a Dragonfly Doji candle, and then reversal happened.
Points to consider
1. Strong trendline support
2. Dragonfly Doji
3. 50 SMA support
4. Price rejection near the trendline.
5. Limited risk
Buy Above sustaining of previous day high.
Target 1455/1480
Wait for the confirmation, use TSL, and wait for the targets.
(Only an Educational view)
Bharti Airtel is in very crucial zone with a perfect doji. Bharti Airtel is in very crucial zone with a perfect doji.
if sustain above doji high then 600+
if sustain below the doji low then 480-
More possibility is down side for two reasons:
1. Up trend Trendline breakout
2. Upper wick of doji is longer then lower wick
Abbott India - Fibonacci ReversalNSE:ABBOTINDIA has retraced 61.8% of its rally. The stock gave a #Doji reversal confirmation 2 sessions back and moved to confirm the reversal of the downtrend. Currently the stock has moved up to its resistance level and and same can be seen from falling bullish volume.
Tomorrow will be important to watch to see if it breaks the resistance or not?
We expect the stock to move a little lower (retrace about 50% of the current reversal move) and then increase to move towards 18000 levels. (As shown by arrows). There’s however more upside according to RSI and Relative Strength Analysis.
Apollo Tyres - Doji LojiThe stock rebounded from 50 DSMA.
I expect the stock to have another Doji between 100 DEMA at 112.7 which has acted as a strong resistance and 50DSMA at 107
Follow ORB in the direction of NIFTY for the aforesaid targets.
A clear break above 113 on the hourly chart should open significant upswing! Beware of Bull Traps though. Check for confirmation.
A Doji is on the top of TATACOMMThere is a Doji on the top of the TATACOMM, so there is chance for an up trend and down trend, Wait for and take decision,because Doji indicates a indecision in the market and a chance for a trend reversal.
Disclaimer:- All chart analysis I publish are educational and information purposes only.
Bajaj finance , HH-HL ??? I don't think of it going much below 3200 , Currently in a bullish channel making doji on the support zone , must move to new high in channel which is 3800 zone, good risk to reward ratio .
Happy trading :)
Complex charting does not make money . :)
US Crude Oil 1 hour TF Shooting Start Doji US Crude Oil 1 hour TF Shooting Star Dogi symbol indicated that market will go further down and reach second target
What will the end result of this week be for BSV?Everyone draws their support and resistence lines differently, this is my channel of support and resistence. As long as multiple buttoms and tops touch the channel, it's as good as anybody elses guess.
What's important is to look at where this price is compared to the previous weeks candle. The fibonacci I drew is from the Low to High of last week. So these fibo numbers are only for previous weeks price action. And It seems the price has hit 618 and 5. It seems that the price will retrace upwards by the end of the week. Or the price might stay here, or it might drop to the near low of previous weeks open.
So our options then: All involve waiting.
Doji option
We wait for the near end of the week, creating a doji/hammer. we then sell 25% of our previous buy. at 195$ we are looking for a reversal. Wait for a reversal down, unless it explodes past 200, which is a good thing because then we can take out profits and sell 25% of all bsv holdings. We then formulate a new plan.
Consolidation Option
We wait and see what it does at 170 range and formulate a new plan. Maybe keep this exact same plan.
Down to 150 range Option
We wait and see if it goes back down to 150 range area to purchase in some new 25%-50% of funds left to from previous sale.
Cheers everyone. Stay safe out there.
ITC - Long Doji Highway on 15 minute chart with Positive Momentum and On balance volume.
Large volume trading.
NIFTY forms Doji Candle on daily chart.Doji candle on top may be a trend reversal.
If NIFTY will not go above 10850 then we can see the bear market and get the level of 10400.
RBL:BullishRBL banking made doji on daily chart. Also we can find RSI divergence on daily. buy as per long position tool on chart
AXISBANK - doji inside an unbroken inside bar - high R/RIn continuation of my earlier view on Axis Bank , the inside bar didn't gave any breakout and formed a perfect doji
doji inside an inside bar signifies indecision and congestion. its like a compresses spring going to be unleashed.
A possible way to make the most out of it would be
in equity or futures
buy above 441
sell below 419
In options
buy a 410 PE and 450 CE
you can put the stop-losses as per your risk appetite and book profits as per your convenience
earlier idea a day before, today doji was formed
Thanks Happy Trading
ONGC Doji - Price Action between Fib Retracement LevelsONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84.
The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement.
Positional Ideas:
Go Long above 84 for 86
Short below 80.5 for 78, 77, 76
Scalp between 81 and 84 levels
Don't take positional trades In-case of gap openings. Check the price trend and NIFTY trend - follow ORB
INDIGO Inside Bar DOJI BreakoutINDIGO showing recent day candle formed within the previous day candle i.e inside bar.
The price is also near a support zone with the recent day forming a DOJI, so trade the breakout could be in either direction.
Long above 1007.55
Short below 984.45
Target 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Indigo: Doji over Doji but on Uptrend (HH&HL)Ideal Long Candidate!
Buy near 1000 for Targets of 1025 with SL at 990.
MGL Inside Bar BreakoutMGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe.
The price is moving along a rising trend line & price is currently at the trend line.
The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below.
Long above 1014
Short below 991
Fixed target: 1% (or the nearest S/R)
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
GESHIP Doji on Daily TimeframeGESHIP has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 09-06-2020 i.e Tuesday.
Prices usually tend to correct themselves on this day.
Combined with the DOJI formed on daily timeframe at an important resistance zone yesterday, one can look for shorting opportunities in intraday below 231.
TGT1: 225.5
TGT2: 218.5
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
DR REDDY Long BreakoutDRREDDY has formed a doji on daily timeframe candle with a small range.
This combined with the ascending triangular movement over the last week suggests it is ready to breakout.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
