RSI made higher high (HH) that means trend reversal signal
Line charts made lower Low (LL) Thats means its a rsi divergence
Tight trendline also broke
Bullish engulfing pattern in candle charts also
All these happened at major support level
TARGET = 478
LOT SIZE = 1851
6 types of price action & technical analysis confirmation before this trade
FOLLOW FOLLOW FOLLOW
Symmetrical triangle formation , If breakdown then ignore
Big volume , RSI is already uptrend
Wait for the perfect breakout and retracement
Target is based on the resistance
LOT SIZE = 10
pure Price Action Analysis
FOLLOW FOLLOW FOLLOW
LIKE LIKE LIKE
COMMENT COMMENT COMMENT
Bought GRANULES , Target = 379.65 bullish harmonic pattern observed as well as double top formation at all time high
expected profit = 11.70 % Stoploss = 4.39 %
Bullish engulfing candle also appeared with decent volume
Banknifty is looking good to go long
(Plz go through my previous weekly idea of bn)
1. BN retraces after touching 24100 (yellow marked line)
2. Took support and bounced from 23150 level
(previously marked; green line)
3. It has breahed 200 dma convinsingly in PDS
making a bullish engulfing.
4. A good rally may be seen from here. First target 25100.
Shree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend.
Here's why I'm short:
1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position)
2) Bearish engulfing candle after a nice...
TATA Motors has picked up positive momentum after taking support from 200EMA.
Price crossed 50EMA and formed Bullish Engulfing candle, signifying positive momentum
Basis Fib levels, a minor resistance can be seen at 139-140 level, once breached it can go Up, near to resistance zone 150 in next two weeks.
Long trade formed in GARFIBRES:-
- 1 day time frame bullish engulfing pattern formed - 21/OCT/2020
- Swing retracement is 0.618 it is a golden area for take a long position as per fibonacci.
Buy if price crosses above - 2000
Stop loss - 1935
Target - 2200
Pls Note:- Only for educational purpose and demo trading.
Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week
Note - Price action analysis for education purpose only
In the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same.
1) The stock price has crossed EMA200 and went...
On 23rd of September Shoppers stop made an engulfing Bullish candle just on the support.
Also after that this stock is wandering around the same levels with good volatility.
Volume have dried up, which we can consider that distribution phase is over and accumulation is ongoing.
Overall a good short term trade can be taken out here.
Buy near 171