Reoccurrence of Inside Bar CandleStick Pattern
Big candle followed by consolidation (Inside Bar Pattern) & then BreakOut/BreakDown is the way this stock is moving. At present consolidation going on after a big candle (Inside Bar). Going by previous moves, it looks like stock is getting ready for another big candle move of 30_50% after breaking of Inside Bar /...
Tata motor is making Lower high, higher lows along with Inside candle pattern in weekly time frame. Any pullback trade towards 394-400 zone will give good entry with SL closing below 390. Above 420, 430 & 440 looks achievable but trailing tightly in this trade would be required.
NSE:DELTACORP weekly analysis
Fib level 0.618 rejection of correction and formed LH LH with pullback from 0.5 and formed narrow range
Clear breakout above 230 with fib level 0.318 and narrow range is necessary to continue with long trend
Wait for clear breakout it will give momentum targets
Waited for the symmetrical triangle to break in the previous post. But it didn't break but instead formed a right angle triangle. Should have taken a trade at the close of the candle above the triangle's hypotenuse or in this case high of the inside candle.
-Marico was stuck in range since June, forming a Range contraction setup.
-Before breaking out, it forming inside bar formation and finally gave close above trendline.
-RSI has been facing rejection from 69-70 levels in the past, though RSI has broken out will watch out if this time RSI is able to break resistance
NIFTY has formed a nice Inside Candle day befor eyesterday.
If NIFTY breaks above 17700 :-
Carry forward buy above 17700 for target 17922/18036
IF NIFTY breaks below 17470 :-
Carry forward sell below 17468 for target 17241/17127
Breaks should be on the closing basis of the daily candle OR trade can be taken after 3:00 /3:15 PM if levels are broken.
This idea is a follow-up to Ambujacem
You can check the Link to Related Ideas ( Detailed analysis done in 15th Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )
>> Pattern here is Descending triangle
>> Time frame here is Weekly
>> Candle position -> Mother bar : Inside bars on multiple weeks
>> Rsi telling about Divergence of price and relative strength ( Rsi making higher...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
share name : hindustan foods ltd
call type : poistional
- share is consolidating in a range and forming a
- Inside candle on Weekly time frame
- 2120 - acting as a huge resistance if a breakout
comes. we can see good targets of 2550,2800
Did Titan reach its life time high and ready for profit booking ???
• Wedge pattern break out target reached (width of wedge would be the target)
• Inside bar/Bearish Harami candle formation seen today
• Titan is at life time high
• Is in overbought zone with decreasing volume
What can happen next :
Scenario 1 : Uptrend can continue to reach...