Engulfing Candle

Levels mentioned in the chart SL: 121.65

KOTAKBANK KOTAK MAHINDRA BANK HAS FORMED BULLISH ENGULFING PATTERN AND ALSO BANKNIFTY GOING UP TREND, I CAN SAY THAT TOMMORROW OR APPROX WITHIN 3 DAYS KOTAK BANK WILL SHOW BULLS IN MARKET.

The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above...

Bullish engulfing in NSE:LICHSGFIN. Definately a buy tomorrow!

Intraday and positional Long above PDH or Channel breakout

STBT IN M_M/M&M MAR FUT SHORT@662 STOP@668 TARGET@655 LOT:1000 QTY:2

HBI is in a Long Lasting downtrendchannel. A nice bearish engulfing built up near the upper Bound of the channel in the Weekly timeframe that maybe Signals the end of the upside leg. Take a shortposition the next week.

Long term resistance at 647, Overbought in Daily and Weekly chart. Bearish Engulfing at 30min chart.

Bearish Engulfing formation.

STBT IN IGL MAR FUT BEARISH ENGULFING IN IGL SHORT@292 STOP@297 TARGET@283 LOT:2750 QTY:1

After a sustained uptrend BataIndia looks weak at top. Stock after touching 1163.65 (which is 100% Fibonacci extension from the SPL of 1075) looking set to reverse its trend. Its giving divergence as per stochastic and all set to test 1138/1126/1114/1097 levels on near to medium term. Today also stock tested 1138.7 which is its 38.2% Fibonacci retracement. Its...

Wipro has failed yet again around 335 levels forming Double top in the week of 17 September 2018 and 17 December 2018 . I can also see a large Bearish Engulfing candle for this week. Looks like the stock is headed back to 305 levels. Good opportunity to short with stop loss around 335. Disclaimer: Views expressed here are my own, and should not be interpreted...

BTST IN L&T FINANCE DEC FUT BUY@138 STOP@133 TARGET@145 LOT:4500 QTY:1

Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below Entry 431 SL 408(closing) Target 492 Risk/Reward Ratio 2.65 Disclaimer : All ideas are my...

BTST IN CIPLA BULLISH ENGULFING DEC FUT BUY@547 STOP@541.5 TARGET@557 LOT:1000 QTY:2

BTST IN HDFC NOVEMBER FUTURES BUY@1820 STOP@1805 TARGET@1850 LOT:500 QTY:1

BTST IN ICICI BANK NOVEMBER FUTURES BUY@360 STOP@354.5 TARGET@370 LOT:2750 QTY:1

BTST IN RELIANCE INDS NOVEMEMBER FUTURES BUY@1095 STOP@1085 TARGET@1110 LOT:500 QTY:2