Doji on a weekly chart It has formed Doji on a weekly chart, a sign of indecisiveness. We have to watch out its movement hereafter.
Doji
Gap & Doji In Asian PaintsA gap can be seen in the price of Asian Paints(highlighted in green), a previous attempt to fill the gap on 18th April did not succeed, stock has been able to hold Fibonacci level of 23.6%. Two successive dojis can be seen recently and delivery percentage for last three days are 55%,67%,57%(positive sign). The stock might move up once again to fill the gap.
Jai Hind
INTRADAY || BUY || TORNT POWEROne may buy Tornt Power on a dip for today with a SL of 250.7 and target over 256. Enter as per convenient Risk-Reward ratio.
[Intraday] ACC Doji Short TradeDoji
Short below 1547.10, SL PDH
PDH = 1578.45
If gap up or down, follow 5m ORB.
INDECISION IN NIFTY || A DOWNWARD MOVE ON THE CARDS!We got a doji pattern on the nifty charts (daily) which indicates indecisiveness on the parts of the bulls and the bears and which indicates the present trend might take a breather. So it would be a good idea to sell on rise with SL of 11540 and targets of 11410/11350 for the short term.
All levels are Cash levels.
[Intraday] GODFRYPHLP Weekend lvl 6 + Doji Short TradeWeekend lvl 6 + Doji
Short below 1072.10, SL PDH
PDH = 1095
If gap up or down, follow 5m ORB.
[Intraday] MCX Doji Short TradeDoji
Short below 768.80, SL PDH
PDH = 785.45
If gap up or down, follow 5m ORB.
[Intraday] RAMCOCEM Evening Star + Doji Short TradeEvening Star + Doji
Short below 720, SL PDH
PDH = 737.50
If gap up or down, follow 5m ORB.
[Intraday] NMDC Weekend lvl 10 + Doji Short TradeWeekend lvl 10 + Doji
Short below 112.80, SL PDH
PDH = 115
If gap up or down, follow 5m ORB.
[Intraday] ITC Weekend lvl 6 + Doji Short TradeWeekend lvl 6 + Doji
Short below 294.15, SL PDH
PDH = 297
If gap up or down, follow 5m ORB.
Nifty - Magical Charm (Totka) @11320Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Trading Strategy
Plan A - Sell below 11265 on closing basis as discussed
Plan B - Risky Sell close to 11300-11320 zone with stops above 11325
Downside Target
11000-11025
Below 11000 - 10940
Below 10890 for 10750
Below 10730 for 10620
Only further selling if double bottom@10585 gets broken
[Intraday] IRB Doji + Bounce Long TradeDoji + Bounce
Long above 148.80, SL PDL
PDL = 145.30
If gap up or down, follow 5m ORB.
Doji formation on daily chart TCSThe doji is a commonly found pattern in a candlestick chart of financially traded assets (stocks, bonds, futures, etc.) in technical analysis. It is characterized by being small in length—meaning a small trading range—with an opening and closing price that are virtually equal. NSE:TCS NSE:CNXIT
[Intraday] GRASIM Weekend lvl 8 + Doji Short TradeWeekend lvl 8 + Doji
Short below 775, SL PDH
PDH = 796.90
If gap up or down, follow 5m ORB.
[Intraday] JETAIRWAYS Evening Star + Doji Short TradeEvening Star + Doji
Short below 225, SL PDH
PDH = 233.45
If gap up or down, follow 5m ORB.
[Intraday] ENGINERSIN Outside Bar + Doji Short TradeOutside Bar + Doji
Short below 105.50, SL PDH
PDH = 108.95
If gap up or down, follow 5m ORB.
[Intraday] TV18BRDCST Inside Bar + Doji Long TradeInside Bar + Doji
Buy above 33.55, SL PDL
PDL = 32.90
If gap up or down, follow 5m ORB.
[Intraday] BERGEPAINT Doji Short TradeDoji
Short below 292.70, SL PDH
PDH = 297.90
If gap up or down, follow 5m ORB.
LIC HOUSING FINANCE SHORT TodayLIC Housing Finance is very likely to fall today. Stock was in downtrend from 18th January but, after taking a support at 433.5 stock reversed back and travel in a rally. Yesterday stock has given a doji candlestick pattern which suggests break in this rally and it is also proved by the increase in selling volume. So, from here it is huge probability that stock wil be bearish today. You can short LIC housing Finance around 464 if the stock opens here Target 450 Stoploss at 475.
[Intraday] TCS Weekend lvl 8 + Inside Bar + DojiWeekend lvl 8 + Inside Bar + Doji
Long above 2055.45, SL PDL
Short below 2023, SL PDH
If gap up or down, follow 5m ORB.
