Engulfing Candle
A Perfect example of "Bearish Engulfing" (Dixon)Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing, so in short term, we can see a good correction.
What is bearish engulfing?
- A 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.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Grasim | Trendline resistance break 🎯⭕ Swing Trading opportunity ! 30 min Chart Alert !!! ⭕
--Buy above =919.40 or CMP
--Target = 932 | 939.70
--Stop-loss =912.55
--Lot Size = 950
--R:R = 2.05
--Expected Profit = 19,200 ₹ per lot (2.21 % )
--Expected Holding = 5-15 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) Trendline break , bought near support area after retracement
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Uptrend Is continuing and Trendline resistance break
4) All the possible support & resistance is mentioned on the chart
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JSWsteel | Tredine Break with bullish candle || 30 min NSE:JSWSTEEL
Swing Trading opportunity ! 30min Chart Alert !!!
--Buy above =364
--Target = 373
--Stop-loss = 360
--Lot Size = 2700
--R:R = 2.22
--Expected Profit = 24,000 ₹ per lot (2.47 % )
Technical Reasons to trade :- 🧢
1) jswsteel break the trendline with volume
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Uptrend Is continuing and Trendline break
4) All the possible support & resistance is mentioned on the chart
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Wedge Or Triangle Almost breakoutafter long consolidation period now Reliance is ready for good moves with few positive news surrounding it
Bullish engulfing Strong upside momentum may be possible.A good engulfing candle with huge volume spike shows some investing interest in the stock.
Buy at current price and work with target and stop loss given above.Happy trading.......
Bullish engulfing pattern.Go longBullish engulfing @ imp support,rsi up from oversold,good volumes.SL below the candles low.
Bullish engulfing.Go long.Engulfing pattern with volume spike in daily chart also rsi pointed up from oversold region.Buy above the candles high with target around 62 & stop loss below the candles low.
Bullish engulfing.A big move upside is expected.Go longHuge bullish engulfing at the major support level in daily chart with very good volumes suggesting buying interest.Rsi also pointed upwards from oversold region.
MRF | Buy Alert !Symmetrical triangle formation , If breakdown then ignore
Big volume , RSI is already uptrend
Wait for the perfect breakout and retracement
Target is based on the resistance
LOT SIZE = 10
pure Price Action Analysis
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Bharti airtel | Line Chart analysis | stock in discount RSI made higher high (HH) that means trend reversal signal
Line charts made lower Low (LL) Thats means its a rsi divergence
Tight trendline also broke
Bullish engulfing pattern in candle charts also
All these happened at major support level
TARGET = 478
LOT SIZE = 1851
6 types of price action & technical analysis confirmation before this trade
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TATA MOTORS forming Bullish Engulfing Candle!TATA Motors has picked up positive momentum after taking support from 200EMA.
Price crossed 50EMA and formed Bullish Engulfing candle, signifying positive momentum
Basis Fib levels, a minor resistance can be seen at 139-140 level, once breached it can go Up, near to resistance zone 150 in next two weeks.
GARFIBRES buy @ 2000 (3% Risk and 10% Reward)Long trade formed in GARFIBRES:-
- 1 day time frame bullish engulfing pattern formed - 21/OCT/2020
- Swing retracement is 0.618 it is a golden area for take a long position as per fibonacci.
Buy if price crosses above - 2000
Stop loss - 1935
Target - 2200
Pls Note:- Only for educational purpose and demo trading.
EURUSD, Weekly analysis, Oct 19-23Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week
Note - Price action analysis for education purpose only
CIPLA(Positional Trade) | RR 1:4+ | Pattern :- Ascending Triangle
Reasons To Trade🤔 :- Bullish Sector, Stock In Uptrend, Above 200 DMA, Forming Perfect Ascending Triangle, Last Candle- Bullish Engulfing.
Entry :- 770 - 780
Stop Loss :- 750 - 755
Targets :- 815 -> 848 -> 868 -> 900
(Risk Must Be Managed.)
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--Any Suggestions--
BANKNIFTY POTENTIAL MAJOR LEVEL BREAKIn the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same.
INDICATIONS:
1) The stock price has crossed EMA200 and went below the level.
2) The stock has formed a BEARISH ENGULFING pattern.
3) The stock is about to break the major level of 23000.
For Bearish Trend:
TARGET: 22500
STOPLOSS: 24100
(DISCLAIMER: This information is only for analysis purpose. Trade with the given information at your own risk. I will not be liable to any losses incurred to you in this trade.)
