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Engulfing Candle

Tata Steel - Has the downtrend resumed?After a pullback from the lows of 537 to 608 , Tata Steel NSE:TATASTEEL seems to be facing stiff resistance around 600 levels. I can see that it failed to cross the resistance after retracing 61.8% of the downmove, forming a large bearish candle and Evening star like pattern today. Went short here with a stop loss around 610 levels for a target around 550 levels. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:TATASTEELShort
by nano6yogesh
Hindustan Zinc – Downtrend resumes?After a rise from the lows of 277 till 306, looks like Hindustan Zinc NSE:HINDZINC has completed the countertrend move and is on its way down again. With Metal Index looking weak, I can see that the stock price got rejected after retracing 50% of the previous downmove, forming a Bearish Engulfing candle in the process. Good opportunity to short here with a small stop loss for successive targets of 291 and 278. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:HINDZINCShort
by nano6yogesh
3
Mahindra and Mahindra - Looks weakThis trade is for intraday basis on June 12. I can see that M&M NSE:M_M stock price has got nicely rejected after retracing 38.2% of the previous downmove, forming a Bearish Engulfing candle. Will look for selling opportunities below 912 if available near current levels for a first target in the 897-900 zone. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:M_MShort
by nano6yogesh
Ujjivan Financial Services - All set to rally ?After falling from 435 levels, Ujjivan Financial Services NSE:UJJIVAN witnessed good buying activity today. I can see that the stock has reversed after retracing 61.8% of its previous upmove, forming a Bullish Engulfing candle today. Good opportunity to go long here with stop loss near today's lows for a target in the 408-420 zones. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
ULong
by nano6yogesh
Escorts – Downtrend resumes?I had posted an idea earlier about Escorts NSE:ESCORTS on May 8 when it was trading at 989 wherein the target of 911 was mentioned. (Well, as we can see that target was achieved long back !) Now looks like the stock has completed a countertrend move on the upside and is ready to fall again. I can see that it faced a strong rejection at 50% retracement of the previous downfall and formed a Bearish Engulfing candle today. We may witness further fall if the stock goes and sustains below ~ 870 levels. Good shorting opportunity here with a stop loss of around 910 for a target around 800 levels. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:ESCORTSShort
by nano6yogesh
Titan - Downtrend resumes ?Titan NSE:TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909. After a small retracement for 4 days, looks like the downtrend has resumed today. Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure. To me it looks like the stock is moving towards 872 levels. Took short positions today with stop loss around 950 levels for a first target around 872 levels. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:TITANShort
by nano6yogesh
A second chance to buy in BTSBTC , Don't miss it.BitShares/Bitcoin New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * There is still possibility of temporary retracement to suggested support line(0.0000275), if so, traders can set orders based on Price Action and expect to reach short-term targets. *If the support line at (0.0000275) is broken, the forecast (Continuation of uptrend) will be invalid. Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 7 BUY trade(s) @ 0.00001790(day close price) based on the reversal candle (Bullish Engulfing) at 03.29.2018. Total Profit: 9900 Closed trade(s): 1110 Profit Open trade(s): 8790 Profit Closed Profit: TP1 @ 0.000029 touched at 04.19.2018 with 1110 Profit. Open Profit: Profit for one trade is 0.00003255(current price) - 0.00001790(open price) = 1465 6 trade(s) still open, therefore total profit for open trade(s) is 1465 x 6 = 8790 All SLs moved to Break-even point. Take Profits: TP2= @ 0.000047 TP3= @ 0.000059 TP4= @ 0.000071 TP5= @ 0.000102 TP6= @ 0.000176 TP7= Free Technical analysis: BitShares/Bitcoin is in an up trend and continuation of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 51.
Long
by ForecastCity
A good opportunity to buy in KNCBTC , Don't miss it.KyberNetwork/Bitcoin New trading suggestion: The price is in an up trend and we forecast the uptrend would continue. But there is possibility of temporary retracement to suggested support zone (0.000235 to 0.000187), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.000235) Ending of entry zone (0.000187) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000274 TP2= @ 0.000313 TP3= @ 0.000369 TP4= @ 0.000440 TP5= Free
Long
by ForecastCity
Nifty 50 ( BULLS Vs BEARS ) Daily Chart 'Nifty index opened Gap down breaching previous Lows of 10077 and made new low 10049 in near psychological 10000 support area, sustained buying pressure from lows near about 100 point rally up to 10155 recovers Bulls in Action and tried to stand still against bears positively. Bears Tried to drag down Bulls in last Session but Bulls managed to Hold the Fight settled down. Nifty50 Index on daily chart formed inside Bullish Candle but not surpass the Engulfing pattern near Previous Swing Lows with 200DMA support. Now if Bulls lift up with its power with yesterday recovery then the hurdles for index are 10168-10198-10222 zones and supports at 10090-10035-9990 Please Like, Share your Views Thank you God Bless You Sachin
NSE:NIFTYShort
by Sachin_Ghodke
1
SREINFRA,Inverse H & S +Bull Engulf + falling wedge->> go go goNSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards. A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern. Confluence of all these factors suggest for long positions . Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline with stoploss around 97. We can see targets of 112,125 and 140.
SLong
by atul4b95
3