Notes on the chart Do like and comment Regards
MGL 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...
GESHIP 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:...
DRREDDY 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.
Price has been ranging & contracting with lower highs and higher lows since 3 days. The last day has shown a doji with a small range indicating an imminent breakout. The price may fall and retrace to its dynamic supports or continue its upward trend, thus keeping entry triggers for both circumstances with conservative targets. NOTE: Trade with confirmation of...
Wipro gave a nice closing yesterday Doji at support is a valid single for reversal Be on buy side above trendline
Shooting star on 1D time frame. Sell if Previous day low breaks. Avoid Gap up/down. *Use Strict SL.
Descending Triangle formation on Bank of Baroda Chart. Descending Triangle is a consolidation pattern . According to the pattern, a possible downside breakout is expected. Watch the last 3 Candlesticks:- 16 April 2020 - Dragonfly Doji 17 April 2020 - Spinning Top 20 April 2020 - Long Legged Doji All these candlesticks are neutral candlesticks .
GAIL Chart looks good for upside in the short term. Fundamental reason is forming a hammer on daily and weekly candlestick charts and holding up well in the falling market.
MGL Doji on top watch range break 1198-1175 if breaks 1175 on downside than may slipto 1125--1100 @MDstockmagic educational purpose
EVENING STAR ON 4 HOUR CHARTS, LEVELS MENTION ON CHART FOR TRADING
CLEAR DIVERGENCES WITH RSI ON DAILY CHARTS WITH DOJI CANDLE , I FEEL IT BEARISH, LEVEL MENTION ON CHARTS
In addition to grown in volumes, we see stock crossing 50 SMA, formed Bullish Harami and Dragan Fly Doji
Coming candle with 50 SMA support
Rejection from resistance... Bearish divergence also..' Sell at CMP SL 700 Target 650
Short with stoploss 1775
Siemens made Doji in daily charts. Sell Below 1658 SL 1720 Target 1550
STBT IN TVS MOTORS TRADE IN FUTURES 28 TH NOV CONTRACT SHORT@495.75 STOP@498 TARGET@490 LOT:1100 QTY:3