Daily chart of Bank of BarodaEducational purpose only
There is an inside bar. Mother bar is strong and green. I think we should see a strong up-move in this counter.
Inside Bar
Nifty will revereseif nifty daily closing will above 17270 and sustain there. then market will be uptrend .i mark the trendline , i mark the inside candle. i hope its helpful
ASIAN PAINTs - Inside Candles formation, Range getting narrower 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 with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
'Inside' Story of 'Inside' Candle !!!! -> Definition of Inside Candle
As the name suggests, an inside bar chart pattern engulfs the inside of a large candle, some call it a mother bar. It’s a pattern that forms after a large move in the market and represents a period of consolidation.
The inside bar pattern can be a very powerful price action signal if you understand how to trade it properly. Matching lows and highs are acceptable, however, the inside bar’s range must not be outside of the mother candle by even 1 point.
-> Facts about Inside Candle
Inside bar pattern within the trading range (or shadow) of the preceding bar.
It is at least a two candlestick formation.
Mother candlestick can be either bullish(green) or bearish(red).
The inside bar chart pattern can be bullish or bearish.
Inside bar setup.
-> Procedure to trade Inside Candle
Entering: – When the price action completes an inside candlestick chart pattern, you should mark the low and high of the Inside Bar consolidation range. These two levels are used to trigger a potential trade.
Remember, the inside candle clues us into the eventual breakout and likelihood of a continuation outside the range in the direction of the break, however, it doesn’t give us information about the direction of the breakout through the range, prior to the actual move.
In simple terms, if the price action interrupts the range upwards, then you should go long. If the price action breaks the range downwards, then you should trade the short side.
Exiting: – Projecting the potential move with Inside Bar Breakouts can be challenging. Often inside bar trades can lead to a prolonged impulse move after the breakout, so employing a trailing stop loss after the price has moved in your favor is a smart trade management strategy.
Stop Loss: – In either case (If you are Long or short), your stop should be located below the bottom of the range, as stated in the picture below. There can be a buffer of 1% below the range.
-> Inside Candle helps to identify change in trend
The inside bar candlestick pattern is such a valuable tool because it tells us that the market is not as bullish or bearish as it was in the preceding period.
Being able to identify periods of market expansion and contraction will help any trader improve their odds of finding a winning trade because we know from history that expansion and contraction can only last so long.
When either of those market phases ends, the resulting moves can be explosive!
My OBSERVATION -> It is more effective if used with RSI i.e. when RSI is greater then 70 and inside candle is formed , that spot is best for shorting,
and if RSI is less then 30 and inside candle is formed , that spot is best to go long.
How to trade like a PRO on the basis of Technical Analysis. In this analysis we'll look how the Professional Trader explore the chart before executing their Trade.
Demand Zone -
Fib Retracement -
Candlesticks -
Divergence - Divergence warns that the current trend is getting weakening and it might possible that the trend get changed in up coming session.
Volume Profile - POC - Point Of Control
It's the Big guys who moves and manipulate the market, The Retail Traders can't.
This is Not investment advice. It's just for learning purpose. Invest your capital at your own risk.
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NSE - INDIACEM #insidecandle #swingtradingInside candle in India cement on daily timeframe.
this is only for educational purposes.
hindustan foods ltdshare name : hindustan foods ltd
call type : poistional
- share is consolidating in a range and forming a
descending triangle
- Inside candle on Weekly time frame
- 2120 - acting as a huge resistance if a breakout
comes. we can see good targets of 2550,2800
sl 1800
Thanks
Did Titan reach its life time high and ready for profit booking Did Titan reach its life time high and ready for profit booking ???
Reasons/Traits :
• 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 4.618 levels of ABCD pattern /2080/2100 levels
Scenario 2 : Profit booking to go downside of 0.236/0.5/0.618 and go uptrend
2000-2100 levels are an important zone, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
XAUUSD Inside Candle FormationThe formation of an inside candle resembles the future strong movement in daily trends. Can expect a downward movement of at least $10. This strategy works maximum in gold. Can refer to my earl y xauusd post-trading with the same strategy.
XAUUSD Inside Candle FormationWe can see the information of the inside candle. The inside candle strategy does definitely work on XAUUSD. There can be a movement of 10$ (expectations).
BHEL Inside Bar Formation (Break Out/Break In - Possible)#BHEL - Inside Bar Pattern - Formed on Daily Closing Basis
Break-Out & Break-In Pivots Mentioned in the Chart
Levels Mentioned in Chart
PS: Tech Analysis Only - Not a Recommendation for Trade
buy / hold2 levels to cross & watch
5110, 5126 (intra based)
can be entered / hold as per individual's risk appetite
disclaimer - for only study purpose
SumiChem momentum tradingStrong momentum stock
Long position as mentioned in chart
Trail stop loss once trade is triggered
Enter at your own risk
BANK NIFTY ANALYSIS FOR 27-10-21Do not trade in between 40370 - 39840
Buy Above 40370 for the Targets marked on Chart
Sell below 39840 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with trendlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS
PNB - Inside Bar & Parallel Channel#PNB #PunjabNationalBank
Inside Bar Breakout (Daily Basis) - Volumes increased with Breakout
Moving in a Parallel Channel (Moving off the lower channel)
Targets: As mentioned in the chart
Ps:
Analysis ONLY - NOT a Recommendation
POWER GRID CORP - Possible BreakoutNSE:POWERGRID
Cup & Handle Pattern Formation (With a Inside Bar Breakout - Weekly Chart ) & Three Retests at 187 Resistance Zone.
Weekly RSI: Ranging b/w 55-60
Can Expect Breakout - Anytime Soon (Daily Volumes must be a Good Indicator to Confirm)
Possible Targets: 200 - 205
Fundamental Pros:
Good Dividend Yield: 4.15%
Low PE Ratio: 10.20 (September - 2021)
PS: Analysis Only - Not a Recommendation
LAXMIMACH Broke Inside Candle PatternNSE:LAXMIMACH Broke longterm resistance line at 8400. An Inside candle Pattern dated 5th Oct 2021 is also broken. The volume that's seen on 14th Oct 2021 was never seen in the last 6 months.
BANK NIFTY ANALYSIS FOR 30-09-21Do not trade in between 38060 - 37450
Buy Above 38060 for the Targets marked on Chart
Sell below 37450 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with trendlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS
BANK NIFTY ANALYSIS FOR 13-09-21Do not trade in between 36860 - 36570
Buy Above 36860 for the Targets marked on Chart
Sell below 36570 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS
ZOMATO - Darvas Box Breakout Retest + 2 Inside Bars
The stock declined after breakout on good volume, only to retest the BO zone. It has made 2 inside bars at the breakout point on very low volume. Likely to pick up from here. Offers very good RR.
narrow range candles inside a FLag.A flag pattern is seen with narrow range candles, ATR is also decreasing. Both of them are showing a sign of possible upward momemtum, it might a good intraday trade. there is an NR4 candle with an inside bar. trade can be initiated if price stays above previous candle's high for the first 3 minutes. Lets see what happens on monday,
Mindtree ready for explosive moveWait for range break.
Expect 3 to 4 % intraday move after the range break.
6 inside bars with dry volumes. Narrow range movement.
Good intraday possible.
