At the brink of breakout. Can be a great buying opportunity. Also watchout for any breakdowns as it is forming an ascending triangle also.
GARWARE Technical is following a down trend on a Daily TF in a channel pattern and recently made a bearish engulfing candle at the resistance. Looking good to further fall by around 5% in short term period to 2550.
LTI - bullish Engulfing Pole Flag Pattern Breakout
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
NSE:NIFTY 1. Strong Weekly Engulfing Candle observed in Nifty50. 2. According Fibonacci Retracement Diagram it can test levels 17250 to 17000 in upcoming days or week. 3. A flag consolidation observed in 5 mins graph of Nifty50.
SHANKARA BUILDING has shown a breakout above 654 with a rising volume which can lead it towards a level of 800, also there is MACD crossover supporting with RSI above 60.
Stock Name = ACC ACC has formed Weekly Bearish engulf Pattern which indicates Reversal from the top. Bearish Engulf can be confirmed by Weekly Bearish Divergence. Clear short has been formed technically indicates sell. Important Support and Resistance has been drawn in the Graph.
As per the 2 Hour Chart of CADILAHC, we have witnessed the Formation of a “Bullish Engulfing” on the downside. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 393.10, 398.55, and 404.30. Whereas, on the other hand, on the...
Already formed bullish engulfing pattern with good volume. Also pattern formed is on support line so can buy once this resistance breaks
Hello Traders, Please keep this lesson in Mind always. In Mahindra and Mahindra we can see that on 25th and 27th January stock opens at lower levels but closing are green this sign shows that buyers are active and bears are confused and not taking any positions. Also, on 27th January opening of candle is below and closing is above previous candle. Which shows that...
Again nifty did a bearish engulfing pattern on daily chart. we may see correction in short term. Sell with sl of 18350.
today in Navin Fluorine a strong bullish engulfing candle has formed. tomorrow i.e. 12/27 there is a very high chances of the price to move upward. also there seems like an ascending triangle formation which may help the price to move up. -RSI crossing 70 -very high volume buying compared with 10 days average -delivery remains low of 18% -good for intraday or...
After consolidating in the range of $46,000 to $50,000 from the last 15-20 days, BTC closed the last week on a positive note with ~8.81% gains. Other crypto assets also witnessed a positive week as the combined crypto market increased from $2.10 Tr to close the week at $2.395 Tr. BTC formed a strong weekly candle which slightly depicts further movement to the...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
NSE:COFORGE #NSE:COFORGE trading bullish @ resistance. Post sustainability confirmation, may see positive trend.
On the 1 Hour Chart of UPL LTD., we can witness a beautiful Formation of "Bullish Engulfing" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 741.10, 747.80, and 755.10. Whereas, on the other hand, on the...
AMARAJABAT although one of the leading battery company and a big boost for EV industry is downtrending for long time, it is now its 52 weeks low and is expected to bounce back. however the good news and bad news is hammer is formed and last day candle is bearish engulfing, that could means either the price will move at full speed or it will move to the bottom...
Reliance Long Bullish engulfing candlesticks pattern Buy at CMP- 2430 SL- 2309 Target- 2560, 2645, 2722 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.