Bullish Engulfing on ICICI BankICICI Bank formed a bullish engulfing pattern on daily charts.
Catalyzed by an order of the Supreme court, the trading opportunity is huge. Buy on open with a move of at least 2-3%. NSE:ICICIBANK
Engulfing Candle
Failing W pattern in Shree CementShree 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 bull run.
3) Stochastic RSI overbought.
Target: 18000 SL: 20720
I've also given a screenshot of Shreecement in a lower time frame of 15 min, which gave me further conviction to go short.
APOLLOHOSP - SHORT SETUPBearish Engulfing Pattern formed. It can retrace upto fibonacci levels - 78.6, 61.8 %
Shopper Stop Is crazyOn 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.
Call:
Buy near 171
SL @167 (2%)
Target : 179 (5%)
Risk Reward (2:5)
#HappyTrading
Bank Nifty : LTP 21178.50#Bullish engulfing on the hourly chart.
Stop Loss below 20800 on hourly closing.
Looks good up from the current market.
BALKRISHIND : LONGStrong bullish engulfing at strong support. bond to rise with below support as stop.
Granules | Bullish Harmonic Pattern | Double top Formation | 1HrBought 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
FINEOTEX CHEMICAL LTD: Bullish Engulfing patternFINEOTEX CHEMICAL LTD: Bullish Engulfing pattern. The stock tried A year-long resistance and breached it. Waiting for price action and volume confirmation. Watchlisted for now.
“In investing, what is comfortable is rarely profitable.” - Robert Arnott
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Bata India - Testing resistanceBata India testing resistance on the daily chart
Bearish Engulfing has formed and there is also a dynamic resistance of 100 DMA.
Short term down trend.
BATA - SHORT SETUPBearish engulfing pattern after a strong rally. This can be good intraday shorting opportunity below 1300
JINDALSTEL - SHORTThat's a tight hug. Will JI(NDALSTE)L come tumbling after? Looks like the bulls are engulfed.
TATA MOTORSTATA MOTORS, reversing from 200 MA, Bearish engulfing or call it as tweezer top..and also RSI divergence
DeepakNitrite - Price ActionThe stock re-tested its crucial resistance turned support at 567 and rebounded making a Bullish Engulfing Candle on daily TF.
Positional:
Buy above 607 for 615, 620, 630, 640 with SL at 597
APPOLO HOSPITAL SELL AT 1735 STOP-LOSS AT 1810 TARGET 1580RSI DIVERGENCE WITH BEARISH ENGULFING PATTERN CONFIRMING A TOP SIGNALING BEARS MAY TAKE CONTROL FROM HERE AND WE MAY SAY A GOOD DOWNWARD RALLY.
APPOLO HOSPITAL SELL AT 1735 STOP-LOSS AT 1810 TARGET 1580
SELL CESC AT MARKET STOPLOSS 590 TARGET 550CLACSIC BEARISH ENGULFING CANDLESTICK PATTERN AR THE 20 DAYS EMA + 36% FIBO RETRACEMENT.
Berger Paint - Bearish Engulfing pattern at resistance Bearish Engulfing candlestick pattern at resistance with volume confirmation.
TATA STEEL - Bearish Engulfing Pattern at resistanceSimple Chart with strong implications -
- Resistance
- Bearish Engulfing Pattern
- Volume Confirmation
- RSI oversold
TechM - Bearish engulfing pattern at resistance Disclaimer - Risk cannot be separated from reward, unlike humans they are loyal to each other.
Tech Mahindra has made a bearish engulfing pattern today on daily charts with volume confirmation (volume on the engulfing candle was higher than previous candle and average volume), the pattern is at a channel resistance. This can be shorted with SL 648.25 and target 551
Sell DIVISLAB 1) The stock is in downtrend
2) There is an bearish engulfing pattern
3) Risk Reward is highly in favour
LICHGFN - Bearish Engulfing + Fib RetracementThe stock made bearish engulfing pattern from the 0.786 levels and seems bearish to retrace to the stronger 0.618 level of 265.
Choose an entry position based on your risk appetite.
Strategy 1: 'High-er' Risk & High RRR
In-case of normal or gap-up opening, Short for 270, 267, & 265 with SL at 278.
(Can wait for any small uptrend with the risk of losing out on opening downfall)
Strategy 2: 'Less' Risky & Low RRR
Short below 270 for 267 & 265 with SL at 274
In case of gap-down opening - Wait and Watch.
Double top formation is seen in ITC. Short ITCDouble Top formation is Seen in ITC.
Closed with a Bearish Engulfing pattern.
According to me ITC will go Down today.
Short ITC, might be the best trade option for today.
It's just my personal analysis so do your own and I don't recommend anybody to Short It as it is just my analysis.
Nifty : Completed the Diametric Pattern Nifty has completed the Diametric Pattern as per NeoWave analysis.
Nifty has also completed retracement of 61.8% of the entire fall which started on Jan 20, 2020.
The daily chart shows a reversal warning with an Engulfing Bearish Pattern.
Any fall below 10000 will show very strong bearish moves in Nifty.
Thus B wave of the correction seems complete and we should tighten our seat belts for an eventful C wave.
