Engulfing Candle
Short Asian PaintThere’s a huge price rejection by bears at the top levels - look at the candles showing bearish engulfing the green candles in the charts.
Tgt - 100-200 points
SL - 200 points
You may also enter PE position of 2400-2300 or Short CE above 2500
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HSIL Swing Opportunity Go LongHsil Big Rounding bottom And up flag Breakout Go Long for Short Term
Entry at near and above 125.17 (major resistance Fibonnacci Levels)
1st Target -147 (Up Flag pattern target should be ideally acheived in 4-5 days after taking entry above 125.17 )
2nd Target -200
3rd Target -210 (Rounding Bottom Target)
RSI is also above 60 which is a buy Sign!
Recent Macd crossover for long
**Keep Trailing Stoploss**
**Been in Consolidation for good days,Time to give a breakout soon**
**Expecting a big UpMove In coming Days**
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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Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
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
Guys check out the related ideas as well, it will worked really well !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Bullish engulfing pattern.Go longBullish engulfing @ imp support,rsi up from oversold,good volumes.SL below the candles low.