1) Strong weekly candle close at all time high with long term - multi year trend breakout.
2) Expect a bullish rally in upcoming weeks.
3) If it seems risky - wait for the retracement and the take an entry.
LONG SIDE TRADE
Triangle pattern breakout and retested in 4H TF(LOWER TRENDLINE SUPPORT IN DAILY TF)
Closed with hammer candlestick above 50 MA
Risk taker can initiate trade with trading the hammer for that:
TARGET 2-IF TARGET 1 ACHIEVED CAN FOLLOW THE RISK ADVERSE TRADE
Risk adverser can trade the triangle...
Time Frame: Weekly
Name of Pattern: Hammer
View: Potential reversal
What is a Hammer Candlestick?
The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market.The most common hammer candle is the bullish hammer which has a small candle body and an extended lower wick – showing...
Avenue Supermart (D Mart) Time frame : Daily
Strong Support : 3242 - 3330-35
Support Retested at 3331
Price Action : Hammer at Support inside buying zone 3205-3357.
View : Long term BULLISH above 3407
Trade : Buy @ or above 3407 after open
Stop loss : For Long term 4% or 3270. For Swing Trade 3304. For Intraday 3363
Target: 3530 - 3650 - 3740-...
JUBLFOOD - Weekly bullish.. Long
This week its a bullish engulf, last week ite a hammer and prior week it triee to brk resistant line.. And this week its closed above resistance.. Looking good to take position... Target would be 630,640...
Note:: im not sebi registered. Kindly consider as educational post, plz do ur own analysis before taking position...
In weekly time frame Hdfc Bank formed a hammer pattern.
Also after hammer formation candlestick pattern gives buying confirmation with SL of 1271.60.
Possible 1:1 target is 1451.7.
As weekly target takes time to achieve its great to buy this in equities rather than options. You can also see positive divergence.
This is for learning purposes only.
BERGER PAINTS forming HAMMER at support along with other conditions like RSI reversing from oversold to normal zone, volume higher than previous day. One can go long if price sustains above 645 on 15min/30min time frame with a stop loss of recent swing low of 618 Target 1 - 671, target 2 - 682, target 3 - 733
trend line always gives you best risk to reword if made good entry
on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line)
chart already explaining every thing it...
As per the 2 Hour Chart of BAJAJCON, we have witnessed a Formation of a “HAMMER” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 163.40, 167.25, and 174.20. Whereas, on the other hand, on the...
Repcohome Long (1 Feb)
Bullish harami candle stick pattern
Hammer at 20 Day EMA
Buy at CMP- 267
Target- 292, 305, 320
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Charts and views are only for educational purpose.