Hexaware made a small ranged red candle inside the previous wide range green candle on day timeframe. Can be traded in breakout of either direction. Long above 325.10 Short below 317.20 Targets: 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Britannia formed doji candle on daily time frame and contracted within previous day's candle. The high/low can be traded with a conservative target at the mother bar's high/low range. Long above 3407 TGT: 3442 Short below 3344 TGT: 3306 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Hey Traders! how are you all ? Hope everyone is Bullish..hahaha..jokes apart! Coming to trade.. PVR making an Inside candle in Daily chart, keep your eye on this stock. All Levels are marked on this chart. MY VIEW: hmm Bullish(will wait for upside breakout) Let it break the rectangle then only enter the trade otherwise wait for consolidation. "More...
Hexaware on daily time frame has formed DOJI for the last 2 days with the latest candle contracted inside the previous. The doji indicate uncertainty in the price, hence trade the breakout of the inside bar in either direction. Long above 330.05 TGT 1: 335.45 Short below 311.30 TGT 1: 306.55 TGT 2: 300.05 NOTE: Trade with confirmation of momentum & volume on...
MGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe. The price is moving along a rising trend line & price is currently at the trend line. The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below. Long above 1014 Short below 991 Fixed...
HEROMOTOCO on daily time frame is contracting along a rising wedge pattern which is almost about to breakout. Combined with the bearish pinbar candle formed suggest a break of the high or low will give a good move. Long above 2431 Short below 2369 Fixed target: 1% (or the nearest S/R) NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Price contracted and breakout expected. Long above yesterday's high. Short below yesterday's low.
Price contracted and breakout expected. Long above yesterday's high. Short below yesterday's low.
Price contracted and breakout expected. Long above yesterday's high. Short below yesterday's low.
Price contracted and breakout expected. Long above yesterday's high. Short below yesterday's low.
Price contentiously rejected in the weekly event area and last week printed a nice PB.
Trade is mentioned in the chart. We'll update as per the market tomorrow.
Dabur had made a Weekly Inside Bars pattern last week, with decreasing volumes. At the same time, it is also making a symmetrical triangle pattern. A breakout on either side can be big! However, since it currently trending up, I will be happier taking a LONG trade on a breakout above Rs. 466, in continuation of the prior uptrend.
While the Weekly Inside Bars pattern strategy gave a BUY signal @ Rs. 393, the Ascending Triangle Pattern strategy has given a BUY signal today @ Rs. 409.
Inside candlestick pattern at : Fibonacci .618 Support @ Previous top support Trendline support Rsi near 40
Inside Weekly Bar Formation - Week A volatility is 10%, Week B Volatility drops to 5.2% and Finally Week C is 3.6%. The stock went tighter in terms of movement meaning there were very limited sellers in the stock. All bars were inside the body of the previous one
Inside Bar Short below 640.50, SL PDH PDH = 651.15 If gap up or down, follow 5m ORB.
Insidebar : buy above 979 with sl 969 for 988-999