After a swing of 18% now a Gravestone Doji candlestick pattern is formed on the top.
The breakdown of 26,825 will open the lower levels.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have a gravestone doji candle, which has been formed after a move of 23%.
Also the price is in a compression zone.
The price could test the support level S1-122 and if broken then S2-110.45
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
After given upside rally, stock price is taking rest.
Daily Time Frame
As shown in chart, price took support and making a upside reversal pattern.
for study purpose only.
With results due on 23 Apr, ICICI Bank will be interesting to watch out for next week, as bearish formation visible on weekly charts i.e GRAVESTONE DOJi
#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend...
A gravestone doji is appeared 3 days ago in NSE:COROMANDEL . As we know gravestone doji is super bullish candle if it is at the right position in the chart. You can see doji comes after a long downtrend it means now it will show you a upward move upto or above its previous high.
Ride this horse with your trailing stop loss.
#USDINR first week after previous months gravestone doji seems working and it lost grip of previous resistance
and now is heading down to channel median with 3 bearish candles. Momentum is resisting on rsi second time
each time attempt to break hit channel top.
Greetings ! Weekly price movement has led to gravestone doji in a downtrend. Presumably, this is then regarded as the continuation pattern. We glance at option data for ICICI Bank for April expiry. The maximum OI in call option are concentrated at 600CE and Option price has reduced. Thus, more short contracts on call side? The maximum OI in Put option are...
Gravestone Doji formation at 52W high. Short if it breaks day's low that is below 883 with SL of 922 and target of 800 as per charts.
Another theory which supports this is RSI. According to RSI, technical top was formed at 799 after that it made another high of 922. Hence, to correct it, It has to come below 799.
TATAMTRDVR trading below 200 simple moving average, strong resistance zone 290/288, it has formed a gravestone doji candle formation. price action movement moving towards its support zone 278/280 zone, keeping stoploss above 295.
The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.
Target 1: 309
Target 2: 301
Stoploss: 332
On weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty -0.96% is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend...
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