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Engulfing Candle

HDFCLife - Bullish Engulfing - Weekly OverviewNSE: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 for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:HDFCLIFELong
by nerdywasabi
Bearish EngulfingA 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 aggressively down (down candle) than the buyers were able to push it up (up candle). Script = HDFC Bank Time Frame = 1 Day
NSE:HDFCBANKShort
by Jainshashwat
Bullish Engulfing PatternA 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 candlesticks. Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. Script = HeroMotocorp Time Frame = 1 Day
NSE:HEROMOTOCOLong
by Jainshashwat
Trent Weekly Bearish Engulfing - Short CandidateNSE: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 your SL in option trade or a slow move might decay the option premium. Expecting this to move slowly on downside Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TRENTShort
by nerdywasabi
SBI Life - Bullish Engulfing - Long CandidateNSE: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 insurance sector stocks can show an up-move. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:SBILIFELong
by nerdywasabi
Nifty Quarterly Outlook - Will It Form Bearish Engulfing???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 see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:NIFTY
by nerdywasabi
Bullish Engulfing Pattern 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 candlesticks. Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. Script = Cipla Time Frame = 15 min
NSE:CIPLALong
by Jainshashwat
1
TTKPRESTIG - Bullish Consolidation with VolumesNSE: TTKPRESTIG is closing with a strong bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:TTKPRESTIGLong
by BrahmaBull31