Bullish englufing pattern with confirmation and decent volume. SL1 - 25.5 SL2 - 24.4 Target 1 - 29,5 Target 2 - 31
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...
GRAVITA has closed above a major resistance range , formed a bullish engulfing candle with good volume. Looks like it is out from a long time accumulation phase, betting big on it, Lets see what happens, Fundamentals are strong for this company
Princepipe - Chart has formed congestion in the monthly timeframe, Cup & Handle in the daily timeframe, a bullish engulfing candle on 29th Oct Friday Closing, All this has formed with the Earnings Ahead. It' a good buy Crossing the current resistance range 741-754 with good volume .
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...
Crude oil Oct Short Bearish engulfing candle Sell at CMP- 5921 SL- 5978 Target- 5872, 5822 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
LONG 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...
Bearish Engulfing chart pattern in Niftymidcap100 Nifty midcap stocks are under pressure if trend line is broken there might me maximum 5to6 % profit booking from current levels
Aubank long Bullish engulfing Candle stick pattern at 200 day EMA short term trendline breakout Buy at CMP-1137 SL- 1065 Target- 1210, 1255 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
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...
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...
Nickel Sep Long Bullish engulfing candle stick pattern Buy at CMP-1451.2 SL- 1438.8 Target- 1462.8, 1474 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Bullish engulfing daily candle. Repeatedly hitting the resistance line.
In Nifty Metal, today Bullish Engulfing have been formed. And also gave breakout from the handle of the cup. The pattern is small tough. Let's see how it goes. We may see breakout from the resistance line soon. Let's see. This post is for information purpose only. Just sharing my own analysis.
Laurus 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...
Buy at - 66.50 SL - 62.5 Tgt - 74.5 Within 7 days
BUy at - 21 SL - 19.5 Tgt - 24 Within 7-10 days
Buy at - 26.5 SL - 24.5 TGT - 30.5 Witin 7-10 days