Silver Long Long term trend breakout at 60000 is intact Hammer candle Buy at CMP- 60700 SL- 60220 Target- 61050, 61315 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Gold Dec Long Taking support at lower level Hammer candle Buy at CMP- 46700 SL- 46400 Target- 46950, 47100 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line. All we need to do is look for a bullish reversal candlestick pattern. Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish...
Guys check this pattern a hammer candle and now we fly!!
IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade...
Perfectly working on fib levels Green line is 0.5 of Low to High Blue line is 0.618 of hammer low to All time High 975 imp level if it holds this level New ATH can be seen
Zinc Sep short Yesterday we saw inverse Hammer candle close below 20 day EMA RSI Confirmation Sell at CMP- 246.25 SL- 247.6 Target- 243.7 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
It is looking a good buying setup Hammer formation ,Price successfully closed above the crucial support zone stop loss is small compare to the target, the stock is in a consolidation phase if this trade work out and stock picks up than a major resistance breakout can be enjoyed.
Hammer pattern formed and reversal happened in support. Note:Purely for Eductional purpose
Reversal worked perfectly from 2384. Long term target 3000/3200+ SL -2380 CMP:2623 @9 Aug 2021 Timeframe - 6-12 months
Trading in Bullish Channel Formed Bullish Hammer MFI has bottomed out SqzMom has started to turn Bullish VixFix could signal completed bottom anytime now Looks sorted if the current trend support holds tomorrow and day after Stop upon clear breakdown below trend support on EOD basis
last day hammer formation happened in banknifty, so we may initiate buy above day high, target and sl is on chart. this is education purpose only,
PROS: 1. stock forms a good good triangular pattern and now it is in near support 2. if it breakout then it will move further up and vice versa. 2.on 18th friday the last candle was a little hammer. 4. BUY SELL TARGET is at your own trading style. CONS: 1.Stock breaks 50 EMA and also 200 EMA. 2.the last candle was hammer...
Date: 20/06/2021. PROS: 1. stock has a very good triangular pattern ,if it's breakout it will move further. 2. on 18th friday it forms a good bullish hammers represents buyers are in control. 3.the hammer forms at near 50 EMA and at support. 4. BUY SELL TARGET is your own trading style CONS: 1.if its breakdown then it will move down...
Date: 20/06/2021. PROS: 1.stock is in uptrend since april with higher highs and higher lows 2.and on 18th friday at near support by trend line 50 EMA ,the last candle was a red hammer represents a little bullishness. 3.if stocks breaks and closes above trend line then it will move further. CONS: 1.On friday a red bearish hammer forms but not...
DATE: 18/06/2021. Bharti airtel has clear rsi bullish divergence in 1 HOUR time frame and also in 1D time frame it forms clear long wick hammer represents buyers took charge , if it breaks 542 it will go up near 563, if not it'll went down because in 1D TIMEFRAME it forms head and shoulder pattern ... buy at 543 stoploss at 533(1.9%) target at 563(3.7%)... FOLLOW...
Bullish view. Look at the chart for target and trade confirmations!
BTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K. Bitcoin...