Banknifty forms an inside bar and let on weekly chart, with strong positive divergence in lower time frames. Volumes also declining. Toofaan aa raha hai Mark the last week lows and highs on your notepad.
A morning star is a bullish three candle pattern that is formed at the bottom of a down move. The first candle in the morning star formation is a big bearish candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji candle. The third candle is a large bullish candle, which closes near the top of the day. Clearly,...
A doji can be seen on weekly chart of motherson sumi, indicating possible trend reversal
Rounding pattern formation Lead to a bullish rally Later on breaking of neckline All follow up candles touched neckline Interesting note is last 3 day candles Almost DOJI candles back to back These makes it curious for a reversal and start of downtrend below neckline Sale wud trigger around 104-103 with so 108 disclaimer join your study to take trade
Marico confirmation based on :- 1. Doji Formation 2. Support zone (Demand zone) 3. Good Buying volume. Keeping Stoploss @ 360. This is my view and lets hope for the best.
There 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.
Candle pattern: Morning DOJI Star - Bullish Pattern In volume: Volume > 1.6X (compare to Prev. Day) .... levels mentioned on chart.
Very simple setup one can trade to make fast profit. The Stock has formed a bullish Doji Star pattern at a good support line so one can take chance with Stop Loss just below the 560 level on closing basis. We can expect a target of 625.
Explained in Charts NSE:SBIN Disclaimer : it not a recommendation - Purely my own analysis CHEERS
RSI Overbought on Weekly Chart and looks like Nifty to form a Evening Doji Star Candle pattern. Its indicating the bearish movement on Nifty and the levels are measured by fibonacci.
White candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by...
The stock has formed a Doji Star on 09.03 and Buy signal was confirmed on next day as price traded above the high of it. Moreover it was at Crucial 50% of the last swing so one can go long at this level by providing a small stop loss. One can easily expect 2-3 times reward of the risk taken.
I would go long the stock because a. it made a bullish Doji Star 2 days ago at significant 50% retracement level. b. Primary trend of small swings being supported by the trendline. c. Last Bar is giving opportunity to enter at cheaper price so Stop Loss is affordable. One can go long providing suitable Stop Loss and expecting the target double the risk provided.