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Engulfing Candle

Pullback entry after breakout.After the breakout from a resistance of 170 zone, M&M FIn has entered to a new bullish territory, and is testing its previous resistance. Good signs are that a bullish engulfing candle has formed taking support of 20 EMA and RSI is also in bullish zone. Entry can be done from current levels till 173 with a SL of low of the breakout candle i.e. 171, hoping for an up move upto 200. targets can also be seen as per fibonacci levels. Any move below 165 will end its trend.
NSE:M&MFINLong
by anuragsahu614
10
TCS is showing signs of bearishness TCS is showing signs of bearishness.. Reasons/Traits : • Ascending triangle pattern breakout seems reached the target (For this pattern targets usually will be the width of current triangle pattern as shown ~16%) • Daily Trend far away from 200 EMA • Uptrend is in pause mode • Bearish Abandoned Baby pattern (last 3 candles) formation seen (very rarely this kind of pattern is seen indicating chances of downtrend) • Doji is formed at the top of the uptrend (Trend uncertainty) • Bearish Engulfing pattern is seen (chances of downtrend) • Volume is decreasing • RSI, Stoch and MACD in overbought zone • ADX is 53 (indicating very strong trend) • Fib level retracement (from 25th Jun) crossed 2.618 levels and last closing candle is exactly at 2.618 • Current uptrend (from 28th Jul) retracement need to happen for a healthy uptrend What can happen next : Scenario 1 : Price lower than 3808 leads to 3700 to complete retracement of 0.236 levels and move up for a strong uptrend. It can also make a higher low (for the current wave uptrend) till 0.5 or 0.618 levels before moving up. Scenario 2 : Price going up above 3877 can test 3.618 levels (4080) 3350-3380 levels is very strong support zone. Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:TCS
by AdhigamaTrading
3
MULTIPLE REVERSAL PATTERNS IN NIFTY 50LONG TERM BULLISH STRUCTURE OF NIFTY 50 IS INTACT. In Short Term we might see some pullback due to 2 reversal patterns and also formation of head and shoulders Support levels have been discussed in the chart. Reasons for pullback 1.Weak global cues 2.Rising crude prices 3.Bearish engulfing pattern 4.Island reversal pattern 5.Formation of H&S 6.Multiple rejections from 17800 levels FOLLOW me for more such content ahead.Do hit the like button if you gained something from the post Till then, HAPPY TRADING :)
NSE:NIFTYShort
by keshevdugar
4
RESISTANCE CAN BECOME SUPPORT TOO !It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line. All we need to do is look for a bullish reversal candlestick pattern. Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish Harami etc. These type of entries are best because it provides us good Risk to Reward. Target can be around 2428 levels , Which is good for swing ( 9%+) Pls note that this is not stock buying advice, this is just my analysis on this stock, please consider taking help from your financial advisor before making any purchase. Feel free to share your views.
NSE:ACCLong
by deswingmaster
IGL RESPECTING ITS MAJOR SUPPORT LINE !IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade in this stock. Also note that this analysis was done by me only for educational purpose , feel free to share your views.
NSE:IGLLong
by deswingmaster
6
TOP/BOTTOM REVERSAL CANDLE PATTERNSHi Its been a while since my last post. In this post I have represented selective candlestick reversal patterns. In a candlestick, "body" represents the distance between candle OPEN and CLOSING price. Whereas "wicks" represent the entire range of the candle from TOP to the BOTTOM. In most of these patterns only bodies are important. There are no conditions for wicks unless specifically mentioned like in abandoned baby star and (first two candles of) shooting star pattern. In an abandoned baby star pattern the wicks of the second day should not overlap with the wicks of first and third day. But there can be wick overlapping in morning and evening stars where the condition is for bodies only. Similarly in shooting star, the second day should not overlap with the first day (not even wicks) whereas the third day may have some overlapping. One should always try these patterns with some sort of confirmation in the form of volume or overbought/oversold scenarios etc. While taking a trade based on these patterns one should follow money management and trade management principles. I hope this post will update your knowledge in one way or the other. Do not forget to like and comment (for any doubts) to encourage writing on trading view. Regards JJSingh
NSE:NIFTYEducation
by Bravetotrade
41
Laurus Labs Looks Good for SwingLaurus Labs was at a Down Movement from Past some many days and this moment had stoped with a Bullish Engulfing Candle which Engulfed past two Days. Next days was seen positive with gap up opening and also as usual a Retracment were we all can enter @CMP in tomorrow's Trading session Our Targets will be All time Highs and it's Breakout that is 695+ SL will be closing below 640. (This Research is Clearly for Educational purposes and we are not responsible for any loss or Profit Please do your own research too before investing/Trading) Happy Investing..!! 😄 NSE:LAURUSLABS
NSE:LAURUSLABSLong
by Arshad_Khatib
4
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call. Target will be near the resistance line , i will advise you all to book profit before the stock touches the resistance line as it can reverse before too. Only for education , feel free to share your views/feedback.
NSE:COCHINSHIPLong
by deswingmaster
5