UpTrend reversal pattern signals seen in BajFinance Reasons : Daily chart trend closed below 5 MA Evening star candle stick formation seen with today close Earlier 2 inverted cross doji's formed and not activated yet Rally is paused after 31st August Volume Decreasing RSI Decreasing Trend is far away from 20 and 200 MA For healthy uptrend, stock has to test...
BECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of 445 in June and has retraced from the resistance zone at 442-452 range to a low of 395. Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence....
Hindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern. It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal. So it...
JUBLFOOD - EVENING STAR CS PATTERN AND DOUBLE TOP WITH NEGATIVE DIVERGENCE.
Nifty View: As expected today’s 100 points sell-off from the benchmark Nifty index has lead to an “Evening Star” pattern on the daily time frame. This three candlestick pattern is bearish and suggests further price weakness. A confirmation of this will come once the price breaks below today’s low of 15,766. Do not get too carried away with this bearishness as the...
Nifty View: Benchmark Nifty opened well in today’s session and that's all that it did. There was a dash of some intraday volatility, but overall the index faired well to hold onto the minor gap up with which it opened in today’s session. On the daily chart, we have a possibility of an “Evening Star” only and only if the index opens below 15,836 and stays below....
stock moving in channel as shown in black line. Now pattern near about evening star is formed. also reverse from resistance. Short below 333. target:325. target for 2 to 3 days. education purpose. happy trading.
In Grasim, it looks alike Shooting Star made. Lets see, will this pattern work or not. If it respect pattern, then it will test the lower trendline support and gives target. Education Purpose only.
Possible breakout on Downside..will wait for confirmation candle close. 2400 looks good round level. let see how it reacts! Evening Star formation on daily candle
confirmation of evening star with high @628.5 which will be going to act strong resistance for a while so with SL at resistance shorting will be good till gap up not much great
NIFTY forming Evening star on Montly chart, if it is not able sustain above 14150. if not it could retrace upto 12420 with also matches Fibonacci 38.2% retracement level.
now at resistance we can expect bitcoin to go for a downtrend
After a spectacular rally in Hindalco, we can see an evening star pattern being formed. Look at the nice red candle formed after the evening star, confirming the pattern's validity. In my view, it will not go in a reverse direction forever but will only take a pullback. Target: 230. (After that trail SL till 210)
1) Evening star has formed after a strong uptrend 2) Formed @ 200 SMA 3) Banknifty also got rejected @ 200 SMA Tgt: 360 (partial profit @ 380) SL: 401
Escorts like any other auto stock is on a strong uptrend. But now it shows signs of possible pullback. Reasons: 1) Upper line of the channel. 2) Evening star candlestick pattern. 3) New high not accompanied by high volumes. TGT: 1200 SL: 1312 (High of the red candle)
SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance. Initiate short calls. Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197. NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Short below 211 for 207, 205, 203, 201 with SL at 214.5 Risk averse may want to enter below 207.