Strong bullish engulfing patternThe size of green candle in bullish engulfing pattern and the volumes clearly shows a uptrend. We look for around 10% gain in short term. Safe buyers can long if we see a confirmation candle today EOD.
Engulfing Candle
ENGULFING POWER IN BALRAMCHIN LTD.Balrampur Chini has been treading in a channel for a few days.
Support and resistance are given by the channel.
If we talk about the stock, the bearish engulfing pattern is seen and bearish power is seen forming this pattern.
At present bearish engulfing pattern has been seen across the resistance.
So the market may go down and a little pullback may also be seen.
Thank You
@Money_Dictators
HCL TECH Analysis Hcl tech formed bullish Engulfing in daily chart.
SL 1066.35
Second candle low 1043.00
1:1 Target is 999.85
Nifty Analysis - Daily ChartNifty formed bullish Engulfing pattern in daily time-frame.
SL is 18178.75
Second bearish candle low is 17959.20
When third candle break the low of second candle we can short.
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.
Bullish Engulfing: Nifty 50Yesterday NSE:NIFTY had a gap down open, then went below previous day's low and then the sudden buying spike took it all the way up above the previous candle's high and managed to close engulfing the previous candle's body, Classic Bullish Engulfing pattern was formed. The next day will be the confirmation of the pattern. Bullish engulfing is a Reversal pattern.
*It is just my analysis and not buy or sell recommendation.
Bullish engulfing pattern in AllcargoBullish engulfing pattern with higher than average volumes and a breakout. Expect 5 to 10% quick up move.
Kotak Mahindra Bank Bullish EngulfingKotak Mahindra Bank Bullish Engulfing
Bullish Engulfing in Support line bullish may continue for short while...
Price may go upto 1890 in short while.
GESHIP - Bullish Engulf Swing ReversalNSE: GESHIP is closing with an bullish engulfing 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 11% 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.
[POSITIONAL] IDFCFIRSTB Long IdeaIDFCFIRSTB is in uptrend right now from last 25-30 sessions. From last 3 sessions there was some decline observed in IDFCFIRSTB as it was trying to cross a major resistance zone of 44-46.
Today IDFCFIRSTB has created a huge bullish engulfing candle which engulfs almost last three day's candles. Volume also looks good - Resistance Zone also broken so IDFCFIRSTB can be LONGed at the current price.
Entry - 46.5
SL - 41.5 ( we will keep the SL little below the previous swing low)
Target - 53.5
Target should be achieved within 1-2 months if all goes right ( no global mess up)
SGX Nifty Chart Analysis 13/09/2022SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing.
SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes.
Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular stock or indices will fall , no one can tell the timing but we have to follow the chart pattern to make our trade.
Good Luck
SAIL : Buy when no-one buysThis analysis comprises of both price action and smart money concept. A huge rally is waiting in SAIL, try to use it guys !!
GHCL - Bullish Candle with Volume BreakoutNSE: GHCL has broken out from the consolidation range.
Today's volumes and candlestick indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with the trendline support over the past few days which is creating the uptrend.
One can look for a 7% 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.
REC LTD - BULLISH ENGULFING 📊 Script: RECLTD (REC LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES / NIFTY MIDCAP 50
📊 Sector: Financial Services
📊 Industry: Finance Institution
Key highlights: 💡⚡
📈 Script is trading towards upper band of Bollinger band (BB).
📈 Already crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Double candlestick pattern BULLISH ENGULFING seen which indicate Bullishness in stock.
📈 Right now RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 105.45
🟢 Target 🎯🏆 - 114/117
⚠️ Stoploss ☠️🚫 - 100
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
PERSTIGE - BULLISH ENGULFING 📊 Script: PRESTIGE (PRESTIGE ESTATES PROJECTS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY REALTY / NIFTY MIDCAP 100
📊 Sector: Realty
📊 Industry: Residential Commercial Projects
Key highlights: 💡⚡
📈 Script is trading at middle band of BB and taking support of middle band which is SMA20.
📈 Already crossover in MACD.
📈 Already Crossover in Double Moving Averages.
📈 Double candlestick pattern BULLISH ENGULFING seen which indicate Bullishness in stock.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 455
🟢 Target 🎯🏆 - 517
⚠️ Stoploss ☠️🚫 - 428
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Bearish Engulfing in Bank NiftyJust like Nifty, Bank Nifty formed a bearish engulfing near top and chances are high that from here prices may reverse.
Short Sell Bank Nifty
Sell Below 38800
SL Above 39800
Target 1 36000
Target 2 35000
Bearish Engulfing in NiftyNifty has formed bearish engulfing on daily basis and shooting star in a weekly chart.
Dual bearish candle at downtrend line showing weakness in Nifty.
RSI is in overbought zone and now started moving down from above 80 to 70 level.
Short term trend is still bullish but below 17700 or breaking below regression line, trend will reverse.
Nifty Short below 17700
Stop Loss above 18000
Target 1 - 16800
Target 2 - 15200
Hindustan Aeronaut/ Bullish MomentumMy view on Hindustan Aeronaut stock is may be given good profit for 16/08/2022 Weekly. Because this stock Volume has Increased in weekly time frame and formed Bullish Engulfing pattern with Momentum.
Bearish Engulfing Pattern...For the bearish engulfing pattern, there are 3 criteria:
1. Market has to be an in an uptrend. The VRL price was in an uptrend until it reached its high and then the bearish engulfing pattern formed.
2. The second body of the pattern must engulf the prior real body. Here, both the engulfing patterns marked in the chart, display these characteristics.
3. The second body of the pattern must be the opposite color of the first body.
ITC - MAJOR BREAKOUT EXPECTEDA daily time frame candle close above 265 may trigger a major breakout in the much awaited stock. Chart is self explanatory, drawn in log scale
NIFTY: Bullish Engulfing PattenToday's price-action makes a (almost) Bullish Engulfing Patten in NSE:NIFTY1!
The next level of Resistance based in previous price-action (based on RSI) is shown.
Tata Motor - Learning In Tata Motor hourly time-frame bullish Engulfing pattern was formed.
SL mentioned in the chart.
1:1 target achieved.
All you need to know before Investing in Delta Corp I daily make educational videos on Financial Markets
Financial and Technicals both are discussed in the above video with the Price action study
