CANBK SELLSELL canbk below 108
with stoploss 119
for target 100,92
result is also bad so it's good conformation
Engulfing Candle
SBI Breaks - Negative Trend - Step into Green Fundamental View
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).
Technical View
Technical chart also looks green for SBI.
Price level Crosses 50MA.
Breaks the downtrend channel.
Bullish engulfing candle on Monthly chart(Candle not closed yet).
Very high Volume.
My trading system gives long on SBI.
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.
Disclaimer
This idea is only for educational purpose. Do analysis before investing or trading.
Thank You
ArunPrakash
Trader
CIPLA on a roller coaster ride downCIPLA has become an excellent candidate for a short trade. Along with an RSI divergence, the stock has made a bearish engulfing pattern in 30 min chart. Short CIPLA with a target of 640.
Buying opportunity in dabur 13% upside..!!Bulish engulfing pattern in dabur and chart looks strong we can expect 13% upside in very short term.
AMARARAJA BATTERIES BEARISH ENGULFING SHORT@653-658
STOP@671
TARGET-1@635
TARGET-2@620
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
Banknifty - Bearish EngulfingTrend is Bearish as per moving average MAY expect pull back up to 18300 to 18450 then wait for confirmation to move further down (based on candle) up to marked levels.
BEARISH ENGULFING FORMED 4HR BASIS
**Educational purpose only
[INTRADAY] M_M: Bearish Engulfing Bearish engulfing near high of the last swing could give good intraday movement. Avoid gap up/down.
*M_M is overall bullish, won't hesitate to buy if high breaks.
Updated: Upside gap two crows followed by shooting star
This is an updated chart of NIFTY 50 (with reference to my previous chart)
Upside gap two crows
16 April 2020: It was a bullish candle. (Continuing the bull trend)
17 April 2020: Gap up opening but ended the day with a bearish hanging man pattern.
20 April 2020: Opening was at 9390, i.e more than closing of day 2. It made a bearish engulfing pattern.
22 April & 23 April 2020: Gap was filled (I referred it as retracement in my previous post)
24 April 2020: Shooting star pattern
Price Action
Formation of rising wedge pattern
R1 & S1 are short term support & resistance. (Based on Fibonacci)
Conclusion
Trends look negative in the short term.
Hanging man with bearish engulfing - Candlestick
17 April 2020: Hanging man candlestick formation.
20 April 2020: Bearish engulfing Candlestick formation.
21 April 2020: Gap down opening - signifies strong sellers
Probable support @ 8500 & 9100 has strong resistance (Refer option chain)
Fibonacci Retracement : A:B:C
Note: There will be some retracement but the overall trend looks negative for short term.
Cadila Healthcare (4 hrly chart)1. Taking Resistance at trendline.
2. Bearish engulfing Chart pattern.
3. Negative divergence on MACD
MINDtree.... gap..hammer..free fall.!!!!!!!gap resistance near 855-881... resisted near the gap .. mdade the hammer and free fall today... below 855.. may slip to 820--800
TATA CHEMICAL SHORTTHATA CHAMICAL FORM BEARISH ENGULFING CANDLE PATTERN ON DAILY CHART WHICH IS VERY BEARISH SIGNAL AND HENCE WE RECOMMEND FOR SHORT. LEVELS ARE MENTIONS ON CHARTS
SHORT TRADE IN HDFC !!(DEC FUT)!!SHORT TRADE IN HDFC !!(DEC FUT)!!
VIEW
-BEARISH ENGULFING ON DAILY CHART
-RSI REVERSAL (-VE)
TRADE VIEW
DEC FUT
SHORT@2325
STOP@2290
TARGET@2355
LOT:250
QTY:2
AXISBANK LONG AXISBANK IS MAKING W PATTERN WHICH IS BULLISH AND THIS PATTERN WILL BE COMPLETED AT 799 LEVEL ALL TARGETS ARE GIVEN 723 IS STOP LOSS
Manappuram short nov2019Ok so this rectangle size box is only hope for this stock to continue this upside momentum, I will look to short below this box and this looks good for 8-10% downside move. Actually I was long in this and just got a good exit today now suddenly it is looking good for downside too and I thought why not. Let’s see..
And guys please do your own study before any trade, I do this to record my trades only..
LONG IN TVS MOTORS!!(FUT)!!MOMENTUM TRADE IN TVS MOTORS
VIEW
:-RISE IN OI+RISE IN PRICE INDICATES LONG BUILT-UP
:-BULLISH ENGULFING VISIBLE ON DAILY CHARTS
:-200-DMA IS TAKEN OUT AFTER A VERY LONG TIME
TRADE IN FUTURES 28TH NOV 2019
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@ 476
STOP@470
TARGET@490
LOT:-1100
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
