Weekly Hammer in PVR for Long SetupPVR has formed a weekly hammer 3rd week of May 2020 along with confirmation of previous red candle (second week of may)
The current weekly candle is green which confirms and completes the pattern
Once can go positional long on cross of 910 last weekly candle high with stoploss of 815 for a target of 1050 i.e Monthly Resistance
Hammer
Bajaj Finserv Go Long As shown in charts,
Bajaj Finserv formed a weekly hammer pattern, confirmed with previous red candle.
The pattern is confirmed as per 33% body formed and balance Wick.
Now the best way to trade this opportunity is if the current week candle crosses 4440, which is the hammer candle high confirms the pattern
Probable Target is 4740, i.e immediate resistance
LONG ZEELFORMED HAMMER CANDLE ON HOURLY CHARTS, SO WE MAY SE SOME REVERSAL ON PRICE. LEVELS MENTIONS ON CHARTS
LONG HDFCBANKHDFC BANK FORMED HAMMER PATTERN ON 4HOUR CHART AND DOJI ON HOURLY CHART, SO IT MAY BOUNCE TO THE MENTION LEVELS
MINDtree.... gap..hammer..free fall.!!!!!!!gap resistance near 855-881... resisted near the gap .. mdade the hammer and free fall today... below 855.. may slip to 820--800
UBL BULLISH THERE IS HAMMER CANDLESTICK FORM ON HOURLY CHART AT DEMAND ZONE.
SO I SEE BULLISH REVERSAL FOR MENTIONS LEVELS
Long term view on nifty Nifty on a long term scene...looks bullish as there are long lower wicks in lower band...multiple hammers
Britannia : Potential reversal from Strong uptrendBritannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji.
At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth confirming uptrend and then join this nice and LONG ride!
Tail prediction on CIPLA.If create TAIL nearby the 555, then short this stock preferable for first target 549.
Realtime example of TAIL trade on TATASTEEL4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel.
Remarkable points , recently created tail has enough shadow as comparted all others.
Therefore, Possible to fall more OR create a series of tails .
Tail and look at different things than the long term traders
There're 4 tails at the value high and, 2 tails are detected at value low for a major channel .
When the price is higher above the value high, We found the tail as price reject and reversal.
For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to (4) in the chart. Vice-versa, Trend is turned up after creating a tail at value low.
Conclusion: Find some stocks which usually create TAILS and observe it. And You can also comment or PM me if you find the stocks. I will lead for trade setup on it.
Tails and When to use it?TAIL, This is a reversal of prior trend pattern that shows up as one candle reaching out well beyond normal price action. Sometimes referred to as a Hammer which is used to spot signs of a reversal indication .
For Example, 1 Tail at a value low and Psychologically, this can signal exhaustion in the selling mentality and a developing appetite for long exposure among traders. Being able to read this market behavior will add value to a trader’s analysis. Furthermore, the same sort of reversal in emotion can be seen in the other direction. Vice versa, 3 Tails at Value high and seen price rejection and change in direction.
The " volume " surged 2x from average volume when TAIL is created.
3 Tails at " Value High " of the channel and 1 Tail at the " Value Low " of the channel.
Buy Dabur Above 400 LevelsThere is a strong support found around 365 and it formed a hammer like pattern not allowing the price to go below 365. Fundamentals are also looking good. We expect the stock to shoot upto 450 levels. Place the stop loss below the support level 365.
Tails relation to trading.Tail it has all the characteristics and underlying implications of the excess price, but is stronger. The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action. Because less time spent shows greater rejection. Observe how price goes above value and spends there the least amount of time possible. This level is rejected very swiftly.
GEPIL made Hammer candlestick pattern in monthly chartGEPIL made Hammer candlestick pattern in monthly chart.
Stock traded near trendline.
Weekly || UPL || BullishUPL might break 825 in the coming week and move high. SL should be placed at 788.
