1. Bearish Engulfing Pattern formed at Support and Resistance Area which is price action pattern. 2. Fibonacci Retracement 61.80% level meets the pattern. 3. Trendline is far awy from the price. 4. Take Profit area is correctly calculated at 728.00 5. The current price will definitely reach that Take profit area clearly on my idea. Congrats...
1. Bearish Engulfing Pattern formed at Supply and Demand Zone. 2. Fib Retracement occurs perfectly at 50.0 Level. 3. EMA 365 and 150 acts as Support and Resistance at that zone. 4. Take Profit and Stop Loss levels perfectly mentioned with clear details on the Chart window.
BUY orient cement nice breakout + bullish engulfing on support 1:2 minimum
Dabur showing support+bullish engulfing +breakout retracement go for buy above high of last candle for1:2 triple confirmation trade
NSE:HDFCLIFE is looking good for a small upside move with last week's candle coming as bullish engulfing candle. With a stop of Friday's candle low, one can look for 510, 518, 525 levels. We will revisit this trade if the weekly close comes above 528 Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is...
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more...
Nice breakout in nippon life science with bullish engulfing and doji formations as a support with upward waves makeing upper high and upper highs
BUY HINDUNILVER FUT 2560-2590 FOR 2630/2660. Bullish engulfing with golden crossover happening. Target till trendline merging. invalid below 2520 on closing basis
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
NSE:TRENT is looking weak on weekly chart as it has made a bearish engulfing candle. Also closing below 20 EMA on weekly. Looking for 1279 ( 50 EMA weekly support ). If a close comes below this, we can 1256 & 1231 on downside. SL is relatively small of 1345 which is Friday's high. Better to short this in cash and not play in options cos one spike can take away...
NSE:SBILIFE closed last week with bullish engulfing candle. If the price starts to travel and close above 1127, I would look for positional target of 1168 with small resistances in between placed at 1133, 1145. SL can be low of Fridays candle 1088 Is it a co-incidence that both HDFCLife and SBILife made bullish engulfing candles last week? May be some of the...
NSE:NIFTY is looking weak on quarterly charts as its making bearish engulfing candle. I am going to look out for March 31st expiry and a close below these levels ( 17021 in Future and 17102 in spot ) will confirm the bearish engulfing close. If this happens, expect next 3 months also to be of sideways action with more consolidation and open to downside. Let's...
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
The pattern consists of a small red candlestick followed by a larger green candlestick that completely engulfs the previous red candlestick. The red candlestick represents selling pressure, while the green candlestick represents a strong buying pressure that is able to overcome the selling pressure and push the price higher. The potential targets are 305, 345 and 380.
Mayur Uniquotes Limited Buy at the current market price and dip, with a stop loss below 400 (closing basis), as this stock bounces up from a good demand zone with an engulfing candle and breaks the old support that turned into resistance as a good bullish signal. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling...
As wee see, bullish engulfing pattern with longer red stick than other red sticks in downtrend. Longing for around 10% profits.
EURJPY 2H Chart analysis base on SUPPLY AND DEMAND setup with bearish ENGULFING Candle. The triple confirmation, then open SELL ENTRY stop loss 590 pips and take profit 194 pips. TP-1 143.250 TP-2 142.060
bullish engulfing pattern buy for target 0f 2812 18% NSE:TEAMLEASE