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Engulfing Candle

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.
BLong
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
Classical trade using Trendline, Channel & EngulfingThe stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification 1. closed out of downtrend regression channel 2.Made an engulfing covering the previous candle completely. 3. Trend line support. 4. Mostly at this level of RSI it changes the trend. 5. Trend reversal entry on 1st bar offers a good Risk to reward ratio. I would take entry on Tuesday and see how it works.
NSE:BAJAJ_AUTOLong
by praveen.bhatiya
Classical Chart patterns in play ArvindThe chart has made a Cup with handle pattern but getting overhead resistance before reached the target. It has also formed beautiful triple drive on the top pattern and bearish engulfing in the last bar, therefore I would recommend to short it at current level with stop loss just at the high made a bar ago(on closing basis). With little bearish strength it could easily reach up to 320 level giving a good risk reward ratio. Alternatively it may retest the 344 level and bounce from there to reach the target for the cup with handle pattern. Let's see and watch!
NSE:ARVINDShort
by praveen.bhatiya