You know about inflection points. When many technical parameter formed at a point A strong technical level formed by several Trend lines, Moving Averages , Candlestick Pattern & Price Action Support . called inflection point .
In this sector all parameters formed at a point such as rising trendlines , support , candlestick pattern & MA .
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...
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...
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...
Sun pharma is forming a very very bullish pattern. Looking at various indicators like RSI and chart patterns, it is clearly visible it will go bullish.
The immediate target should be 226.
And Long-term investors can also hold it for a very very big upside move.
Ester Industries has moved significantly in the past 1 year, It has been trading in a range for the part few days. Expecting the stock to resume the uptrend. Buy with a SL below the highlighted zone on closing basis.
The stock is now at the base of the channel. A rejection candle is formed in the daily timeframe indicating a bullish trend reversal from here.
The hammer candle is a clear indication trendreversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :-
Buy above 515.55
Avoid the stock if a big gap up or gap down is...
Adani Port is taking support of Fibonacci levels after a steep downfall and formed two bullish hammers on the daily and a strong support on 4H. This looks ripe for an upside move.
Apart from being technically sound, it is also in a good position to take part in the part of Indian Railways that is prime for privatization.
This makes it a double whammy....