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Engulfing Candle

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.)
NSE:BANKNIFTY
by shashank0305
Banknifty is looking good to go long for swingBanknifty is looking good to go long (Plz go through my previous weekly idea of bn) 1. BN retraces after touching 24100 (yellow marked line) 2. Took support and bounced from 23150 level (previously marked; green line) 3. It has breahed 200 dma convinsingly in PDS making a bullish engulfing. 4. A good rally may be seen from here. First target 25100. This is supply zone as well, so bn may show some profit booking. When this level (25100) will breach next target is 26500
NSE:BANKNIFTYLong
by Retailer_ki_dost
Failing W pattern in Shree CementShree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend. Here's why I'm short: 1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position) 2) Bearish engulfing candle after a nice bull run. 3) Stochastic RSI overbought. Target: 18000 SL: 20720 I've also given a screenshot of Shreecement in a lower time frame of 15 min, which gave me further conviction to go short.
NSE:SHREECEMShort
by bhagat109
FINEOTEX CHEMICAL LTD: Bullish Engulfing patternFINEOTEX CHEMICAL LTD: Bullish Engulfing pattern. The stock tried A year-long resistance and breached it. Waiting for price action and volume confirmation. Watchlisted for now. “In investing, what is comfortable is rarely profitable.” - Robert Arnott Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
NSE:FCLLong
by rajesh066060