Banknifty toofaaan se pehli ki shanti😘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.
Dojistar
Nifty ITBearish reversal sign-in " NiftyIT Sector"
Double Doji form in Monthly Time
It is also far from 5 EMA (mean)
#ITSector #stockmarket #sectors #equity #investor #trader #technicalanalysis
TOP/BOTTOM REVERSAL CANDLE PATTERNSHi
Its been a while since my last post. In this post I have represented selective candlestick reversal patterns.
In a candlestick, "body" represents the distance between candle OPEN and CLOSING price. Whereas "wicks" represent the entire range of the candle from TOP to the BOTTOM.
In most of these patterns only bodies are important. There are no conditions for wicks unless specifically mentioned like in abandoned baby star and (first two candles of) shooting star pattern. In an abandoned baby star pattern the wicks of the second day should not overlap with the wicks of first and third day. But there can be wick overlapping in morning and evening stars where the condition is for bodies only.
Similarly in shooting star, the second day should not overlap with the first day (not even wicks) whereas the third day may have some overlapping.
One should always try these patterns with some sort of confirmation in the form of volume or overbought/oversold scenarios etc. While taking a trade based on these patterns one should follow money management and trade management principles.
I hope this post will update your knowledge in one way or the other.
Do not forget to like and comment (for any doubts) to encourage writing on trading view.
Regards
JJSingh
MORNING STAR FORMATION IN TCSA 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, Morning star is formed in TCS today. It's ready to move upside.
motherson sumiA doji can be seen on weekly chart of motherson sumi, indicating possible trend reversal
Reversal Signs Signals 👀 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 "Doji Formation"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.
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.
Godrej Agrovet: Observation for LONGCandle pattern: Morning DOJI Star - Bullish Pattern
In volume: Volume > 1.6X (compare to Prev. Day)
.... levels mentioned on chart.
Buy with small Stop Loss for good RR RatioVery 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.
Candle Stick Trading - SBIN - DOJI on TOP Explained in Charts NSE:SBIN
Disclaimer : it not a recommendation - Purely my own analysis
CHEERS
Nifty - RSI Overbought on Weekly ChartRSI 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.
Tatapower SHORT Doji Star confirmation RSIWhite 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 providing stop loss little above the recent high so a low risk trade.
IDBI Long Doji Start at Crucial Fib LevelThe 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.
Crompton Greaves LongI 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.
